Transport & Logistics
From The Report: Sri Lanka 2018
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Having a strategic location along one of the world’s busiest maritime trade routes, Sri Lanka is well positioned to capitalise on rising Indian Ocean trade volumes. Under the auspices of the economic development strategy Vision 2025, released in 2017, authorities are moving to transform the country into a leading global trans-shipment and logistics hub. Sri Lanka benefits from a deepwater coastline, giving it a competitive advantage over India. Cargo volumes at the country’s maritime hub, the Port of Colombo, have risen steadily in recent years, with the port recording double-digit growth in 2016. However, delays in building the East Container Terminal, the port’s next phase of expansion, weighed on operations in 2017. This chapter contains an interview with Julian Bevis, Senior Director, Group Relations, South Asia, Maersk Group.