THE sri Lanka Ports Authority (SLPA) has addressed recent reports suggesting a decline in transshipment volumes at the Port of Colombo due to regional port expansions in India, reports London's Port Technology International.
These reports present regional ports as competitors, overlooking the collaborative nature of the industry.
The SLPA and all terminal operators at the Port of Colombo welcome the growth of neighbouring ports, recognising their shared potential to meet the evolving market demands.
According to the SLPA, the current fluctuations in transshipment volumes should be understood within the broader context of global shifts in demand and supply, which impact ports worldwide.
The temporary decrease in cargo handling observed at the Port of Colombo and at various international ports is attributed to seasonal variations and global economic and social factors.
SeaNews Turkey
These reports present regional ports as competitors, overlooking the collaborative nature of the industry.
The SLPA and all terminal operators at the Port of Colombo welcome the growth of neighbouring ports, recognising their shared potential to meet the evolving market demands.
According to the SLPA, the current fluctuations in transshipment volumes should be understood within the broader context of global shifts in demand and supply, which impact ports worldwide.
The temporary decrease in cargo handling observed at the Port of Colombo and at various international ports is attributed to seasonal variations and global economic and social factors.
SeaNews Turkey
