Business
HAMBANTOTA fastest growing RO-RO transshipment port in the region
7 lakh units handled for 2023
On December 30, 2023, the Hambantota International Port (HIP) proved itself as the fastest growing RO-RO transshipment port in the region. With 700,000 transshipment vehicles handled, the port marked a significant 26% increase from 2022 figures. The milestone figure was achieved with Glovis vessel MV. HAE SHIN V.003B handling 3,626 units for transshipment to Ulsan port, South Korea, an HIP news release said.
“The port is geared and ready to handle volumes that are getting larger each year, not only because it is expanding capacity and location, but also because of our quality service, and timely berthing facilities with no waiting time for customers with tight schedules. The reliability of our services, coupled with connectivity to important destinations, and competitive pricing formulas, makes HIP an extremely attractive proposition,” says Lance Zuo, General Manager Commercial & Marketing.
Tissa Wickramasinghe, COO of HIPG says the 700,000 units handled by the port this year, places HIP at the top end of the league, with other RORO transshipment locations in the competing region. “This is a commendable achievement for a port that has been in operation for just six years, and we achieved this amidst various challenges from lock downs to a serious economic downturn in the country.
“While our Roll on Roll Off (RORO) operations teams are to be commended for their excellent service, our marketing team has done a tremendous job in promoting the port. When the Hambantota International Port Group (HIPG) took over, the Port Management team made a strategic decision to go for low hanging fruit and establish HIP as a regional transshipment hub for RORO cargo. The entire strategy was developed in line with that. The Port entered into agreements with RORO lines giving them the assurance of expert handling of their transshipment cargo with uncompromising quality and reliability.”
New RORO customers were also attracted, to develop transshipment volumes, especially the Japanese lines, who were more focused only on handling domestic import cargo. “Our commercial team visited customers from across the world, meeting traders and dealers in Japan and other countries to attract volumes to the port. We developed a dedicated team to follow global trends in RORO transshipment scenarios and developments. This enabled us to make the required investments in new equipment, new technology and IT systems. Another approach we took was when new situations developed, for example the Red sea, HIP presented customers the required options and necessary facilities to overcome difficulties. This has helped us to build win-win partnerships,” the COO says.
With the knowledge that attracting volumes alone would not sustain the business, HIP took equal measures to ready their operations team, establishing a quality, world class cargo operations system. “Having achieved ISO certification in QHSE, our existing and new customers have placed their trust in us because we have proven time and time again that their volumes are safely handled. Along with our operations team, our safety management team, navigational, admin and engineering teams help to manage facilities and other requirements to ensure the continuous maintenance of global quality standards in our operation.”
HIPG has already made a significant investment in expanding yard space and installing modern equipment. Frequent training sessions are held for operations staff and familiarization visits to international terminals are facilitated for the relevant teams. “This remarkable achievement by HIP, is a collective effort by Team HIP and would not have been possible without the support of our customer base,” the COO adds.
Business
Cost-effective clearance of goods across borders to determine worth of Customs Paperless Declaration
By Ifham Nizam
The introduction of the Customs Paperless Declaration from October 1 could mark an important step in Sri Lanka’s efforts to modernise trade, but its real value will depend on whether it reduces the time and cost of moving goods through the country’s borders, Customs House Agents & Traders Association President Mohamed Niyas said.
Niyas warned that digitising Customs declarations alone would not necessarily translate into faster cargo clearance or lower costs for businesses.
‘Expecting a dramatic improvement in clearance speed under the present conditions is like expecting Ferrari performance from a Morris Minor configuration, he said.
For importers and exporters, the issue extends well beyond paperwork. Every additional hour or day that cargo remains in the clearance chain can have wider consequences for businesses, including increased port and storage-related costs, additional working-capital requirements, uncertainty over delivery schedules and disruptions to production and distribution.
Niyas said the competitiveness of Sri Lanka’s trading sector ultimately depended on how efficiently goods could move through the country’s border-clearance system.
‘The real bottleneck is not merely the absence of paper. It is the entire clearance ecosystem—the limitations of the existing ASYCUDA World system, excessive regulatory interventions by Other
Government Agencies, multiple approvals, physical examinations, manual interventions, fragmented processes and institutional constraints, he said.
He cautioned that unless these bottlenecks were addressed, there was a risk that the paperless initiative would merely digitise existing bureaucracy.
‘If these underlying constraints remain unchanged, there is a real risk that the new paperless system could become another “copy-and-paste road show”—where an old, complex clearance process is simply transferred onto a digital screen without fundamentally changing the process itself, Niyas said.
For businesses dependent on imported raw materials, machinery, components and other inputs, clearance efficiency can directly affect the wider supply chain.
Delays at the border can create uncertainty for manufacturers, distributors and retailers, while exporters can face difficulties meeting delivery schedules when imported inputs or export consignments are held up.
Niyas therefore argued that the success of the October 1 initiative should be judged by its impact on trade flows rather than by the number of declarations processed electronically.
‘Paperless does not automatically mean faster, he said. ‘Digitising a slow process does not make the process fast. It only makes the slow process digital.’
He said Sri Lanka needed to move towards what he described as “process-less Customs”—a system in which unnecessary procedures are eliminated rather than simply converted into electronic procedures.
Among the reforms he called for are simplification of Customs declarations and approval workflows, improvements to the functionality of ASYCUDA World, greater use of risk-based inspections and better integration of Other Government Agency approvals.
Niyas also called for the elimination of repetitive document submissions and physical endorsements, greater use of pre-arrival processing, sufficient capacity for digital document uploads and clearly defined service-level timelines for Customs and OGAs.
Business
China backs Sri Lanka’s Non-aligned stance to counter regional pressures
By Sanath Nanayakkare
As global attention has fixed on the high-level diplomatic choreography at the United Nations General Assembly in New York, a subtler, yet profound geopolitical signal was sent from Colombo, yesterday.
In a major address marking the founding anniversary of the People’s Republic of China, newly appointed Chinese Ambassador Wei Huaxiang chose to anchor bilateral relations not just in modern trade or infrastructure, but in a shared respect for Sri Lanka’s legacy of non-aligned independence.
By explicitly invoking Sri Lanka’s foundational role in the 1976 Non-Aligned Summit, Beijing was doing something unexpected in an era defined by fierce great-power rivalry: it was officially validating a small island nation’s right to maintain an independent foreign policy stance.
The Strategic Value of Independence
For decades, nations caught in the crosshairs of major-power competition have faced intense pressure to pick sides. Yet, Ambassador Wei’s embrace of Colombo’s non-aligned tradition signaled a different diplomatic playbook. Instead of demanding alignment, Beijing was framing its partnership as a reliable counterbalance to regional pressures. By honouring Sri Lanka’s diplomatic autonomy, China was effectively reassuring smaller economies that sovereign independence and robust economic cooperation can coexist.
Beyond Ports and Industrial Zones
This diplomatic framing reframed the narrative surrounding major collaborative ventures like the Colombo Port City and Hambantota Port. While foreign analysts often view these projects exclusively through the lens of strategic rivalry, Beijing’s diplomatic messaging tied them back to a historical ethos of solidarity—evoking memories of the 1952 Rubber-Rice Pact.
By marrying economic projects with a stated respect for non-alignment, China is positioning itself as a steadfast stakeholder that respects Sri Lanka’s internal agency during difficult economic and political seasons.
As both nations look toward major milestones in 2027—including the 70th anniversary of diplomatic ties—this nuanced diplomatic move revealed how historic traditions are being leveraged to navigate modern multipolar realities.
For global observers, the takeaway was clear: in the shifting architecture of Asian geopolitics, respecting a nation’s historical neutrality may just be the most effective way to secure a lasting partnership, a diplomatic masterclass that Ambassador Wei Huaxiang executed in style.
Business
Sri Lanka Insurance Life appoints Dr. Sameera Dharmasena Chief Executive Officer
Sri Lanka Insurance Life (SLIC Life), the nation’s largest and strongest Life Insurer, is pleased to announce the appointment of Dr. Sameera Dharmasena as its new Chief Executive Officer, effective 22nd September 2026.
Dr. Dharmasena is a distinguished insurance professional with over 21 years of experience in the Sri Lankan insurance industry, having held senior leadership positions across several leading insurance companies affiliated with some of Sri Lanka’s largest business conglomerates. His extensive career spans both local and multinational insurance environments, bringing together broad industry expertise, strategic leadership and a strong commitment to the advancement of the insurance profession.
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