HIP’s transshipment and gateway hub position to be strengthened

The Hambantota International Port (HIP) industrial park is expected to contribute towards cargo generation, which in turn will trigger hinterland cargo movement, improving domestic connectivity.

“As more industries set up and logistics infrastructure development improves, we will strengthen HIP’s position as a transshipment and Gateway hub,”said Sabrina Edirisinghe, Senior Manager, HIP Investment Services (PIS), at the recently held “2nd Port Development South East Asia Summit” (PDSEAS 2023) in Vietnam. Our connection to India, Bangladesh, Middle East & East Africa is a window to regional trade. While HIP’s continuous growth in RORO, dry bulk, and oil and gas have contributed to the port’s performance.”

“While our transshipment business in RORO has expanded tremendously, HIP is developing the next area of expansion by opening up its industrial park adjacent to the port complex.”

The summit which brought together 30 industry leaders and over 200 senior executives from various related sectors and provided HIP the platform to promote the port as well as showcase the regional advantages Sri Lanka brings to the maritime industry, in terms of connectivity. Johnson Liu, CEO of Hambantota International Port Group (HIPG) says that they have the strategic advantage of being in close proximity to the East West sea routes.

“Whilst connecting to this advantage we are looking at ports in the South Asian region and direction to HIP. This enables us to project our services to these ports and provide logistical support to those who wish to connect with HIP either for transshipment or to actually set up a base to manufacture products in Sri Lanka, for export to various markets within and outside the region.”

The post HIP’s transshipment and gateway hub position to be strengthened appeared first on DailyNews.