Transhipment boom at port of Colombo fades as the competition grows
The unusually strong transhipment cargo gains by Sri Lanka’s Colombo port this year, driven by ...
PG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BADXOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUTMAERSK: BOTTOM FISHING NO MOREDHL: IN THE DOCKHLAG: GREEN DEALXOM: GEOPOLITICAL RISK AND OIL REBOUND IMPACTZIM: END OF STRIKE HANGOVERCHRW: GAUGING UPSIDEBA: STRIKE RISKDSV: STAR OF THE WEEK
PG: STEADY YIELDGM: INVESTOR DAY UPDATEBA: IT'S BADXOM: MOMENTUMFWRD: EVENT-DRIVEN UPSIDEPEP: TRADING UPDATE OUTMAERSK: BOTTOM FISHING NO MOREDHL: IN THE DOCKHLAG: GREEN DEALXOM: GEOPOLITICAL RISK AND OIL REBOUND IMPACTZIM: END OF STRIKE HANGOVERCHRW: GAUGING UPSIDEBA: STRIKE RISKDSV: STAR OF THE WEEK
Quite aside from the scandal in which private maritime security company Avant Garde appears embroiled in Sri Lanka, the decision will cause a major headache for the logistics of boarding and disembarking men and weapons, as this involves the main trade route from the Far East to the Middle East, Europe and Med. And although the newly diminished high-risk area means a replacement could easily be based somewhere else in the region, such as the Maldives, maritime consultant Steve Cameron wonders about the short-term implications. “I guess it’s going to cost the security firms to replace their impounded weapons and there may well be an interruption in the provision of armed guards on ships in high-risk areas while the industry scrambles to find alternatives,” he tells The Loadstar.
Comment on this article
Martyn Benson
November 12, 2015 at 8:20 pmYour article about Avantgarde and their platforms introduces some comments from Steve Cameron but the link does not follow up on that aspect. Could you please look at that and make the right connection?
Gavin van Marle
November 13, 2015 at 11:02 amHi Martyn,
There is no further connection to make – Steve’s comment was in relation to the story linked. We are investigating the implications of the Sri Lankan government’s decision and hope to report something next week.
Kind regards,
Gavin