Hambantota International Port invests $108M in equipment to enhance capacity and solidify its status as a key regional logistics hub.
Sri Lanka's Hambantota International Port Group will invest US$108 million in new container handling equipment to expand capacity and strengthen its role as a regional logistics hub, reports Maryland's DredgeWire.
The agreement with Shanghai Zhenhua Heavy Industries covers six quay cranes, 16 RTGs, and 40 trailers as part of Phase II terminal development. The new cranes will enable the port to handle the world's largest container ships and improve yard efficiency.
Once deployed, the equipment will activate a 1,300-metre berth and raise total capacity to about two million TEU. The port will also be able to handle multiple large vessels simultaneously while supporting electrification for lower emissions.
Located near major east-west shipping routes, Hambantota is attracting growing interest as shipping patterns shift. The investment aligns with Sri Lanka's goal of becoming a regional maritime and logistics hub.
The port recorded strong growth in 2025, with cargo volumes, RoRo units, and container throughput all rising sharply.
