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Sri Lanka sees positive bunker prospects on pricing economics, development of ports

Sri Lanka sees positive bunker prospects on pricing economics, development of ports
Sri Lanka will likely benefit from a possible bunkering demand shift from India due to pricing economics to emerge as a key regional marine fuel hub, especially by developing newer ports such as Hambantota, industry sources told S&P Global Platts.
Tightening availability of very low sulfur fuel oil in India has irked some participants in the country, they said.
“Whatever stock is available at the moment, is selling out at a fast pace,” a Mumbai-based bunker trader said, suggesting a strong demand for cleaner fuels.
Charterers and coastal guard ships consume majority of the stock in India’s local market, thereby limiting availability to foreign ships, sources said. ....

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LankaWeb – A deal on ECT at the Colombo harbour

Posted on December 29th, 2020
By Shamindra Ferdinando Courtesy The Island
Sri Lanka Muslim Congress (SLMC) leader Rauff Hakeem, MP, recently told
The Island that Sri Lanka had no option but to involve India in the development of the deep water facility, the East Container Terminal at the Colombo Port, which has been built to accommodate the largest container ships that ply around the world carrying as many as 16,000 containers (TEUs), like its competing Chinese-run Colombo International Container Terminal also in the more recently built and what is known as the Colombo South harbour.
The Samagi Jana Balavegaya (SJB) Kandy District lawmaker said so in response to the writer seeking an explanation as regards his stand on the issue at hand in the wake of his quite controversial statement on Derana ‘Wadapitiya’, anchored by Chathura Alwis. ....

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