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Lanka Marine Services Relaunches VLSFO Bunker Supply at Hambantota


Lanka Marine Services Relaunches VLSFO Bunker Supply at Hambantota
by Ship & Bunker News Team
Thursday March 4, 2021
Lanka Marine Services (Pvt) Limited (LMS) has relaunched supply of 0.5% sulfur VLSFO at
Port Hambantota,
Chinese state energy company
LMS expects to place its bunker barge
MT Kumana at the port of Hambantota and supply to vessels that are passing by in the ISR (International Shipping Route), a spokesperson for LMS told Ship & Bunker via email.
Product is stored at the
HIPG (Hambantota International Port of Group (Pvt) Ltd) terminal. The cargo imports are done by Sinopec Sri Lanka with whom LMS has entered into a strategic partnership. ....

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Global Ports and Terminal Operations Market Rapid Economic Growth, Strategic Assessment With and Top Players – Business


Global Ports and Terminal Operations Market
Global Ports and Terminal Operations market was valued at US$ 3,135.3 Mn in 2020 and it is expected to reach at US$   6,030.0 Mn by 2027, growing at CAGR 9.9% during the period, 2017-2027. Increasing seaborne trade across the globe will prominently drive the port terminal market size. According to the United Nations Conference on Trade and Development (UNCTAD), in 2018, the seaborne trade surged by around 4% as compared to 2017. The sea freight services provide multiple benefits such as large cargo space availability, economical & safety. Expansion of maritime logistics services will drive the industry growth over forecast period.
Europe is expected to witness the highest CAGR during the forecast period. Ports in Europe are smaller; however, handle a large amount of cargo. Also, the European ports are not capable of competing on port size alone as ports with comparatively less size or capacity handle as much traffic as large-si ....

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