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Top News In கப்பல் ஏற்றுமதி செய்பவர் கலைக்கழகம் Today - Breaking & Trending Today

Lanka Consoles India With Stakes in a Yet-To-Be Constructed Terminal

India and Japan wary
COLOMBO: The Sri Lankan government has offered India and Japan 85% stake in the yet to-be-constructed West Container Terminal (WCT) in the Colombo port, Chairman of the Sri Lanka Ports Authority (SLPA), Maj.Gen (Retd) Daya Ratnayake has said.
On February 1, the Sri Lankan cabinet had said that the WCT would be built and operated for 35 years by a consortium comprising the SLPA, India and Japan. The cabinet paper did not mention the stakes to be held by the three parties.
The cabinet had offered the WCT to India and Japan in lieu of the East Container Terminal (ECT) which, it said, would be built and run solely by the SLPA. ....

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Sri Lanka Signals Exit from MOC with India on Colombo Port

Sri Lanka Signals Exit from MOC with India on Colombo Port
Indian High Commission opposes Lankan bid
COLOMBO: Reacting to signals from the Sri Lankan government that it is opting out of the May 2019 trilateral Memorandum of Cooperation (MOC) between Sri Lanka, India and Japan to build and run the East Container Terminal (ECT) at the Colombo Port, the Indian High Commission said on Monday that it expects all parties to adhere to the MOC.
“ I would like to reiterate the expectation of the Government of India for the expeditious implementation of the trilateral Memorandum of Cooperation (MOC) signed in May 2019 among the Governments of India, Japan and Sri Lanka for the development of ECT with participation from these three countries,” a statement issued by the spokesman of the High Commission said. ....

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Nationalism and geo-politics stall Colombo port's development | Hellenic Shipping News Worldwide

Nationalism and geo-politics stall Colombo port’s development
With a capacity of 7.2 million TEUs, an annual cargo tonnage of nearly 40 million tons, and a dredged depth of over 15 meters, the port of Colombo in Sri Lanka is among the world’s top 25. Its strategic location on the main East-West shipping lane is a major attraction. And given the absence of good ports in India, Colombo is also the main transhipment hub for Indian cargo.
‘But Sri Lanka’s attractiveness is not an unmixed blessing. It has spawned challenges,’ says Adm (Rtd) Jayanath Colombage, Sri Lanka’s Foreign Secretary.
Sure enough, Colombo port has become a bone of contention among Asian powers, China and India. China has already established a presence in Colombo port (besides the Hambantota port in South Sri Lanka) by building and running the highly productive Colombo International Container Terminal (CICT). India and Japan, on the other hand, are seeking a stake in the yet-to-be developed ....

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Geopolitical dimensions of Colombo Port development

news
Geopolitical dimensions of Colombo Port development
Daily News (via HT Media Ltd.)
With a capacity of 7.2 million TEUs, an annual cargo tonnage of nearly 40 million tons, and a dredged depth of over 15 metres, the port of Colombo in Sri Lanka is among the world’s top 25. Its strategic location on the main East–West shipping lane is a major attraction. And given the absence of good ports in India, Colombo is also the main transshipment hub for Indian cargo.
“But Sri Lanka’s attractiveness is not an unmixed blessing. It has spawned challenges,” says Foreign Secretary Admiral (Rtd) Prof. Jayanath Colombage. ....

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