Sri Lankaâs economic past isnât very bright. Scrapping deals with India wonât help its future
Given the sensitive nature of New Delhi-Colombo relations, it would be prudent for India to approach the subject cautiously.
Seshadri Chari 5 February, 2021 10:46 am IST Text Size:
A+
Amid the ongoing farmersâ protest and an eight-month-long standoff with the Chinese at the LAC, the news from Colombo â of Sri Lanka going back on the 2019 agreement with India and Japan to build the East Container Terminal at the Colombo Port â should raise alarm bells in some quarters of the Narendra Modi government. While Sri Lankaâs unilateral decision has been frowned upon by New Delhi and Tokyo alike, Colombo appears to be planning some kind of balancing act to placate all stakeholders after its U-turn.
Published February 4, 2021, 12:04 PM
International Container Terminal Services (ICTSI)’s subsidiary, Basra Gateway Terminal (BGT), last month set a new productivity record of 105 moves per hour – the highest ship-to-shore crane productivity in Iraq.
The new record, achieved this January, during the handling of the 5,652-Twenty-foot Equivalent Unit (TEU) Ever Uberty, replaced BGT’s previous record of 101 moves per hour achieved in November.
BGT recorded a total of 3,084 moves during the vessel’s January call.
BGT achieved a record 105 moves-per-hour during the handling of the Ever Uberty last 26 January.
With the continued increase in trade volumes, Phillip Marsham, BGT chief executive officer expressed enthusiasm about the new milestone.
The people and companies who focus on sorting out today's mess, and helping us to return to a simpler, more robust system, are going to make an awful lot of money.
PSA Mumbai Enhances Europe Connectivity With New Epic/Epi3/Ip1 Europe Service
The berthing of CMA CGM’s “APL New York” on 20th January 2021 marked the launch of PSA Mumbai’s 2nd direct Europe service and its 8th weekly service call. The 9,336 TEU (Twenty-foot Equivalent Unit) capacity vessel is one of the 4 deployed by CMA CGM on this service. Partners COSCO Shipping Lines and OOCL also respectively contribute 2 vessels and 1 vessel each. The new EPIC / EPI3/IP1 service connects PSA Mumbai to key Europe markets with the following port rotation: PSA Mumbai – Mundra – Jeddah – Tangier – Southampton – Bremerhaven – Rotterdam – Antwerp – LeHavre – Algeciras – Jeddah – Jebel Ali – Abu Dhabi – Qasim – PSA Mumbai.