Hambantota Port invests $108 m in new cranes
View(s):The Hambantota International Port Group (HIPG) has signed an agreement to invest US$108 million in new container handling equipment, marking a major expansion of its container terminal capacity and reinforcing Sri Lanka’s position as an emerging logistics hub in the Indian Ocean. The agreement, signed at a ceremony held in Colombo recently, brings together HIPG and Shanghai Zhenhua Heavy Industries Co Ltd. (ZPMC) to procure six quay cranes, 16 rubber-tyred gantry cranes (RTGs) and 40 trailers, under the initial phase of the port’s Phase II container terminal development.
The investment comes amid growing demand for alternative logistics hubs as global shipping patterns continue to shift, particularly due to geopolitical tensions in the Middle East. HIP’s location, just 10 nautical miles from the main East–West shipping route, positions it as a reliable and efficient option for shipping lines seeking minimal deviation and operational stability. Minister of Ports and Shipping, Anura Karunathilaka, who was a key speaker at the event, said: “Beyond transhipment, Sri Lanka should emerge as a comprehensive marine services hub. From bunkering and ship repairs to crew changes and logistics support, we should develop the capacity to offer end-to-end maritime solutions. Hambantota, in particular, is evolving into a modern, integrated port and industrial ecosystem capable of meeting the diverse needs of global maritime stakeholders.”
The new quay cranes, with a 72-metre outreach, 55-metre lifting height and 65-ton lifting capacity, will enable the Hambantota International Port (HIP) to handle the world’s largest container vessels, while the RTGs will enhance yard efficiency and support more environmentally sustainable operations through a transition towards electrification.
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