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Monday, September 06, 2010
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Sri Lanka new port terminal draws Maersk interest
 

Proposed South Port Development Plan

Oct 15, 2008 (LBO) - The Maersk group, which runs the world's biggest shipping line, may be interested in investing in a new container terminal in the planned new deep-draft port next to Colombo, a company official said.
Maersk Line is part of the Danish AP Moller-Maersk group and operates independently of the terminal operator unit, APM Terminals (APMT).

"APM Terminals may tender for south port terminal project," said Amal Rodrigo, country manager of Maersk Lanka.

Construction work on the breakwater of the new port is underway and the government is about to call for tenders to build the new port's container terminals.

The tenders for the project were first called last year but cancelled when the government could not decide between the two top contenders, Port of Singapore Authority and Hutchison Port Holdings of Hong Kong.

The AP Moller-Maersk group, commonly known as Maersk, is the world's largest container ship operator and also a big container terminal operator.

It is one of Colombo's biggest customers and also has a stake in the privatised South Asia Gateway Terminals container facility.

Rodrigo said the Maersk group did not bid when bids for the container terminal project were called initially.

"The last time APMT did not participate because it was involved in too many projects and its resources were tied up. But this time it may tender," he said.

"APMT is actively looking at the project. But it depends on the tender documents and criteria."

Rodrigo said Colombo port needs to move fast to build new deep-water terminals if it is to remain competitive.

Existing facilities were nearing saturation and new terminals are needed to handle bigger, new container ships now being deployed on trade routes.
(LBO-16102008)

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