COLOMBO, Oct 23 (Bernama-Xinhua) -- Sri Lanka's Hambantota International Port Group (HIPG) said Thursday that it expects the return of container shipping through the Red Sea and Suez Canal to create new commercial opportunities as the port prepares to expand annual container handling capacity to 2 million twenty-foot equivalent units (TEUs) in the first quarter of 2027.
World : Sri Lanka's Hambantota Port Eyes New Opportunities From Return Of Suez Container Traffic
sri lanka, hambantota port, container shipping, re
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Key takeaways
Sri Lanka's Hambantota Port expects new opportunities as container traffic returns to the Suez Canal, aiming to expand to 2 million TEUs by 2027.
- Hambantota Port started container transshipment in April 2024 with $149 million in new equipment.
- The port is positioned to serve vessels returning to the Suez corridor after Red Sea disruptions.
- HIPG plans to expand gateway container cargo with support from an industrial park and inspection centre.
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