Sri lanka News – Sri Lanka’s China-backed Hambantota International Port Group is eyeing Japan Africa reconditioned car business after becoming a hub for transshipping brand new cars on roll-on-roll-off (RO-RO) car carriers, an official said.
Hambantota International Port Group is a joint venture between China’s CM Ports group and Sri Lanka Ports Authority.
HIPG is in talks with a partner to set up repair facility to ‘re-condition’ and transship used cars exported from Japan to Africa, Nishantha Gamage, Senior Manager, Commercial & Marketing told the Colombo International Maritime & Logistics Conference.
Used cars exported out of Japan have minor repairs which have to fixed. The business is currently mostly carried out in Dubai, according to industry officials.
Entering the used car transshipment will further cement Hambantota port as a hub for RO-RO vehicle shipments, Gamage said.
In 2021 Hambantota had transshipped 535,636 brand new vehicles that manufacturers ship to their customers.
In 2022 up to September 2022, Hambantota Port had transshipped 409,488 vehicles.
By the year end, the port expects to surpass last year’s transshipment volume, Gamage said.
Hambantota Port has also facilitated the building of a bonded warehouse for fertilizer, which will be used as a distribution hub for the region, he said.
Another warehouse built by a cement maker to house raw materials is also due to completed soon. (Colombo/Nov7/2022)
( Information from economynext.com was used in this report. To Read More, click here | Also if you have any problem of this article or if you need to remove this articles, please email here and we will delete this immediately. [email protected] or [email protected] )