green shipping line

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1 | Page  AN ASSESSMENT OF SRI LANKAN SHIPPING LINES Introduction: Sri Lanka has a number of Commercial Ports and a National Merchant Shipping Fleet that  provides services to the Maritime Transport Industry. Ancillary services including Ship Repair, Ship Building, Bunkering Services, Salvage and Towage, Ship Chandelling and Off Shore Supplies, Cruise Shipping and Marinas and Ship Management are available. Multi- country consolidation, Entrepot Trade and Bulk Shipping are also services provided in Sri Lanka. Shipping During the 1970’s, the trend of protectionist measures ado  pted by Developing Countries to overcome the control of liner shipping conferences, resulted in the creation of the Ceylon Shipping Corporation (CSC). The CSC acquired 8 ships. In the 1980’s the CSC containerized its fleet ahead of its neighbours India, Pakistan and Bangladesh contributing to the development of the Colombo Ports efforts to become a hub port in the region. With the Liberalization of shipping in the late 1980’s, and the rescission of the Central Freight Bureau’s (CFB) export cargo allocation functions, the CSC was ill equipped to deal with the intense competition that was suddenly forced upon it resulting in near collapse of the CSC. Apart from the state owned CSC several companies own and operate vessels under the Sri Lankan Flag. Of these most operate only one or two vessels except Mercantile Shipping which is a joint-venture company with equity participation by German collaboration. Port sector In the development of Ports, the Policy Statement envisages that Colombo will be developed to maintain the Hub Port status it has enjoyed in the South Asian region. Galle is to be developed as a multipurpose Port that could meet the regional requirements in shipping including coastal shipping activities. Kankasanturai will be a regional Port catering to coastal shipping activities for the transport of essentials required in the region. Trincomalee is identified as a Port with a vast potential for the fostering many activities including, commercial shipping and cargo handling, industrial port activities, Ship repair and ship  building activities, Cruise and Marina activ ities fo r tourism. Government is also encou raging

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AN ASSESSMENT OF SRI LANKAN SHIPPING LINES

Introduction:

Sri Lanka has a number of Commercial Ports and a National Merchant Shipping Fleet that

provides services to the Maritime Transport Industry. Ancillary services including Ship

Repair, Ship Building, Bunkering Services, Salvage and Towage, Ship Chandelling and Off

Shore Supplies, Cruise Shipping and Marinas and Ship Management are available. Multi-

country consolidation, Entrepot Trade and Bulk Shipping are also services provided in Sri

Lanka.

Shipping

During the 1970’s, the trend of protectionist measures ado pted by Developing Countries to

overcome the control of liner shipping conferences, resulted in the creation of the Ceylon

Shipping Corporation (CSC). The CSC acquired 8 ships. In the 1980’s the CSC containerized

its fleet ahead of its neighbours India, Pakistan and Bangladesh contributing to the

development of the Colombo Ports efforts to become a hub port in the region. With the

Liberalization of shipping in the late 1980’s, and the rescission of the Central Freight

Bureau’s (CFB) export cargo allocation functions, the CSC was ill equipped to deal with the

intense competition that was suddenly forced upon it resulting in near collapse of the CSC.

Apart from the state owned CSC several companies own and operate vessels under the Sri

Lankan Flag. Of these most operate only one or two vessels except Mercantile Shipping

which is a joint-venture company with equity participation by German collaboration.

Port sector

In the development of Ports, the Policy Statement envisages that Colombo will be developed

to maintain the Hub Port status it has enjoyed in the South Asian region. Galle is to be

developed as a multipurpose Port that could meet the regional requirements in shipping

including coastal shipping activities. Kankasanturai will be a regional Port catering to coastal

shipping activities for the transport of essentials required in the region. Trincomalee is

identified as a Port with a vast potential for the fostering many activities including,

commercial shipping and cargo handling, industrial port activities, Ship repair and ship

building activities, Cruise and Marina activities for tourism. Government is also encouraging

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private sector participation in the financing and operation of Port related infrastructure with

public sector participation where necessary and feasible.

Shipping sector

In the shipping sector the Government contributes to the new liberalized environment

prevailing in the shipping sector. The CFB is being restructured to handle the functions of

research, compilation of statistics and for intervention in conflict resolution. To ensure that

shipping services in and out of Sri Lanka are fair and competitive and thus strengthening the

position of shippers, the shipper’s council and the freight forwarders Association will be

strengthened. Development of multi-modal transport by the facilitation of related work is

identified.

As a policy to strengthen the National Carrier, the CSC will be encouraged to get involved in

joint ventures with foreign collaborators on a commercial basis in areas such as feeder

services. Barge services, passenger transport, ferry services etc.

To promote a good network of feeder lines promotional packages directed at encouraging

feeder operators to increase volumes of containers brought to Colombo is highlighted in the

policy document. The CSC will also be encouraged to handle feeder activities.

Sri Lanka and liberalization

Central Freight Bureau Act was passed in 1973. Under this enactment booking of freight

space in respect of goods, produce and merchandise of whatever class or description for ships

from any port in Sri Lanka to any destination outside Sri Lanka was centralized. By late

1980s Sri Lanka suspended the operation of this Act and liberalized the freight business from

Government hands. The consequences of this liberalization were hardest felt by the national

carrier of Sri Lanka. Shipping Corporation which had nearly 14 vessels could not face the

competition from bigger Lines. It stopped it’s voyages to Europe. Shipping Corporation

started sustaining heavy losses. This resulted in selling almost all their vessels except for two

small vessels which is used today for feeder services in this region.

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Liberalization of shipping agency business

Somewhere in 1992 Government decided to liberalize the shipping agency business. Two

Gazettes Notifications issued on the 24th and 26th of June 1992 allowed foreign principals to

acquire 40 per cent shares in the shipping agency business. Bureau of Overseas Investment

was given authority to increase this 40 per cent share holding even to a higher extent. At this

time Ceylon Association of Steamer Agents took up this matter with the political leadership

of the country. This is what they stated at that time. “Shipping Lines are largely Foreign

Companies earning their profits from liner operations, mainly transport of goods by sea,

while Agents in this country earn only by providing services within the country. Hence, the

nature of the business warrants that it be reserved for Sri Lankans.”

Liberalization of maritime transport services

Sri Lanka’s current status of maritime transport services and the National Policy statement on

Ports and Shipping together with the experiences gained highlight sentiments expressed by

the Sri Lankan representative at the World Trade Organization Ministerial Conference in

Doha 9th to 13th of November 2001.

Highlighting trade, it was stated that “Sri Lanka recognizes that a strengthened rule basedmultilateral trading system is important for free and fair trade and a robust world economy is

a prerequisite for all countries to benefit from growth in international trade in particular

developing countries like Sri Lanka, whose external trade contributes 68 per cent to GNP.

Therefore we reaffirm our commitment to rule based multilateral trading system. However,

we share the view that imbalances and asymmetries do exist in a multilateral trading system

and that developing countries have not shared the benefits in an equitable manner in the

purported growth in international trade”. The same has taken place in the s phere ofliberalization where National Carriers have been reduced to near extinction, and assets have

been leased out at unrealistically low values that will ultimately affect the economy of the

country and its political stability. Considering the above, and the commitment made to follow

the international trends and regulatory impositions, it would be important to have an opening

to renegotiate agreements that have been found drastically lopsided, especially in the interest

of the country’s economy and poli tical stability.

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Sri Lanka Ports Authority (SLPA)

The Sri Lankan shipping lines come under the Judistrication of The Sri Lanka Ports

Authority (SLPA). The Sri Lanka Ports Authority (SLPA) was established by Parliament in

1979, and it administered and operates all commercial ports in Sri Lanka, including the Port

of Colombo. Being Sri Lanka’s premier port, the Port of Colombo has been the focus for all

port development efforts in Sri Lanka since the SLPA was formed. The government has since

decided to develop regional ports as well, and the SLPA is now working to develop the Ports

of Galle, Trincomalee, Kankasanthurai, Point Pedru, and Hambantota.

The Port of Colombo’s Jaya Container Terminals are located at the western and northern

entrances to the port. They cover 130 hectares of land and 70 hectares of water surface. Theycontain fthemain berths and two feeder berths. The quays are a total of 1292 meters long with

an additional 350 meters of feeder berth quay at dredged depths ranging from 12 to 15

meters. The quays are equipped with Panamax and Super Post-Panamax quayside container

cranes and rail-mounted gantry cranes.

The Jaya container terminal areas in the Port of Colombo cover 45.5 hectares and contain

stacking capacity for 44.1 thousand TEUs of dry containers and 1.5 TEUs of reefer

containers. The Container Freight Station area covers 15 thousand square meters. State-of-

the-art computer systems maintain effective and efficient management practices and real-time

yard use planning and operations.

The Port of Colombo’s Unity Container Terminal has two container berths and one multi -

purpose berth dredged to depths from 9 to 11 meters. The terminal has 590 meters of quay

and 1.5 hectares of container terminal area with stacking capacity for 8 thousand TEUs. The

terminal is equipped with three quayside container cranes and 50 terminal tractors.

The South Asia Gateway Terminals at the Port of Colombo have a total of 940 meters of

berths with alongside depth of 15 meters. The terminal covers 20 hectares of total area and

offers 12 hectares of stacking area, including 540 reefer slots with capacity for 1620 TEUs.

The Port of Colombo offers a total of 6245 square meters of bonded warehouse including 125

square meters of cool room. These warehouses are equipped to accept all types of goods

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except dangerous or perishable goods. Twenty-four-the security service is provided, and

small processing services for re-export cargoes are available at Warehouse BQII.

The Port of Colombo South Harbor Development Project is planned to be located west of the

current southwest breakwater. Covering about 600 hectares, the new development will

contain five terminals, each over 1200 meters long with alongside depths of 18 meters. In the

future, the Port of Colombo may deepen the berths to 23 meters for deep-draft vessels. The

South Harbor channel will be 560 meters long with a depth of 20 meters and a harbor basin

depth of 18 meters with a 600-meter turning circle.

Major Shipping Lines operating in Sri Lanka:

Shipping Line

Advance Container Lines Pte Ltd.

AKA-Trans

American President Line

ANL Singapore Pte Ltd

Asiatic Shipping Services Inc.

Australian National Line

Balaji Logistics Singapore (Pte) Ltd.

Balaji Shipping Co. (UK) Ltd.,

Bangladesh Shipping Corporation

Bengal Tiger Line

Black Sea Shipping Co

C& Line (Korea)

Carvel Lines

Cenep

Ceylon Shipping Corporation Ltd

Ceyserv-Venus Line

Cheng Lie Navigation

China National Foreign TransportationCorp.

China Ocean Shipping (Group) Company

China Shipping Container Lines Co

Abbreviation

ACL

Aka-Trans

APL

ANL

ASIATIC

ANL

BLPL

BALAJI

BSC

BTL

BLASCO

C&

Caravel

Cenep

CSC

Ceyserv

CNC

Sinotrans

Cosco

China Shipping

CMA CGM

Country

Singapore

Russia

Singapore

Singapore

Malaysia

Australia

Singapore

UK

Bangladesh

Cyprus

USSR

Korea

Russia

Sri Lanka

USA

Taiwan

China

China

China

France

Local Shipping Agent

Eastern Maritime (Colombo) Ltd.

Cargoserv Shipping Ltd

APL Lanka (Pvt) Ltd.

CMA CGM Lanka (Pvt) Ltd.

Clarion Shipping (Pvt) Ltd

CMA CGM Lanka (Pvt) Ltd

Clarion Shipping (Pvt) Ltd.

Clarion Shipping (Pvt) Ltd.

Asha Agencies Ltd.

BTL Lanka (Pvt) Ltd

Ceylon Ocean Lines Ltd

Clarion Shipping (Pvt) Ltd

Sea Trade Services (Pvt) Ltd

Cenep Lanka Agencies (Pvt) Ltd

Ceylon Shipping Corporation Ltd

Cargoserv Shipping Ltd

CMA CGM Lanka (Pvt) Ltd

CMA CGM Lanka (Pvt) Ltd

Cosco Lanka (Pvt) Ltd

Neptune Shipping Agencies (Pvt)Ltd

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CMA CGM Marseilles

Compagnie General Maritime

Compagnie Maritime D’Affretement

Compania Chilena De Navig.Interoceanica.

Compania Sud Americana De VaporesS.A.

Contship Container Lines

Croatia Line

Crocodile Line

Delmas Line

Egyptian Navigation Company

Egyption Company for MaritimeTransport

Emarat Shipping LLC.

Emirates Express Line

Emirates Shipping L.L.C.

Emirates Shipping Line FZE

Emirates Trading Agency L.L.C.

Evergreen International S.A.

FAR Shipping Lines

Gati Coast to Coast

Global Container Lines

Gold star Line Ltd

Green Feeder Lines Ltd

Gulf Agencies Company (Dubai) LLC

Gulf Shipping Lines

H&H Lines Ltd

Hamburg Sud

Hanjin Shipping of Seoul

Hapag Lloyd Akities Gessollache

Hatsu Marine Ltd. – London

HRC Shipping Ltd. Dhaka

Hub Line

Hyundai Merchant Marine Co Ltd

CGM

CMA

CCNI

CSAV

Contship

Croatia

Crocodile

Delmas

ENC

ECMT

Emrat

EXL

ESL

Emirates

ETA

EMC

FSL

Gati Coast

GCL

Gold star

GFL

GAC

GSL

H&H

Hamburg Sud

Hanjin

HLAG

Hatsu

HRC

Hub Line

Hyundai

IAL

IOL

France

France

Chile

Chile

UK

Croatia

France

Egypt

Egypt

U.A.E.

U.A.E.

Hong Kong

U.A.E.

Panama

Singapore

India

U.A.E.

Hong Kong

Sri Lanka

Dubai

Germany

Seoul -Korea

England

Bangladesh

South KoreaU.A.E.

India

CMA CGM Lanka (Pvt) Ltd

CMA-CGM Lanka (Pvt) Ltd

CMA-CGM Lanka (Pvt) Ltd

McLarens Shipping Ltd.

Norlanka Shipping (Pvt) Ltd

Mclarens Shipping Ltd

Total Transportation Services (Pvt)LtdTotal Transportation Services (Pvt)LtdCMA CGM Lanka (Pvt) Ltd

Star Lanka Shipping (Pvt) Ltd

Asha Agencies Ltd.

Diamond Shipping Services PvtLtd.

Star Lanka Shipping (Pvt) Ltd

Malship (Ceylon) Ltd.

Sterling Navigation Agencies (Pvt)Ltd

Malship (Ceylon) Ltd.

Greenlanka Shipping Ltd

FAR shipping Lines Lanka (Pvt)Ltd

Ceylon Ship Suppliers Co. (1972)Ltd

Malship (Ceylon) Ltd.

Star Lanka Shipping (Pvt) Ltd

Ocean Lanka Services (Pvt) Ltd

GAC Shipping Ltd

Star Lanka Shipping (Pvt) Ltd

Ceyline Agencies (Pvt) Ltd

Hanjin Shipping Lanka (Pvt) Ltd

Hanjin Shipping Lanka (Pvt) Ltd

Spence Shipping (Pvt) Ltd

Greenlanka Shipping Ltd

HRC Agencies Lanka (Pvt) Ltd

Hub Line Agencies (Lanka) Ltd

Shipping &Cargo Logistic (Pvt)

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IAL Container Line (UK) Ltd

Indian Ocean Lines

Integrated Container Feeder Service

Inter Pacific Shipping

Irano Hind Shipping Co. Ltd

Islamic Republic of Iran Shipping Lines

Italia Marittima S.P.A.

Jindal Waterways Pvt Ltd

Kawasaki Kisen Kaisha Ltd

Laurel Navigation (Mauritius) Ltd

Laurel Navigation Ltd

Lily Marine Services (PTE) Ltd

Lily Shipping Trading (PTE) Ltd

MacAndrews Line

Maersk Line

Malaysia International ShippingCorporation

Maldivian National Shipping Ltd

Marfret Compagnie Maritime, Marseilles

Maritime Orient Ltd

Maxicon Container Line (PTE) Ltd.

McSTAR Ltd

Mediterranean Shipping Company S.A.

Mercantile Shipping Co Ltd

Mitsui Osaki Shosen Kaisha

National Shipping Company of

Nautilus Shipping Agencies.

Neptune Container Line

New Guinea Pacific Line

Nippon Yusen Kaisha Line

Norasia Shipping Services SA

Oldendorff Line

Orient Express Line

Orient Overseas Container Line Ltd

ICFS

IFS

Iranohind

IRISL

Italia

Jindal

K Line

Laurel

LNL

Lily Marine

Lily

MacAndrews

Maersk

Bhd MISC

MNSL

Marfret

MOL

Maxicon

McSTAR

MSC

MSCL

MOSK

NSCSA

Nautilus

Neptune

NGPL

NYK

Norasia

Oldendorff

OEL

OOCL

OSS

OT Africa

P&O Ned

Singapore

Iran

Iran

Italy

India

Japan

Hong Kong

Hong Kong

Singapore

Maldives

Malaysia

Maldives

France

Japan

Sri Lanka

Japan

Saudi ArabiaGreece

Japan

Hong Kong

U.A.E.

Hong Kong

U.A.E.

Singapore

Ltd

Sea Horse Shipping (Pvt) Ltd

Sri Lanka Shipping Co Ltd

Sri Lanka Shipping Co Ltd

Ocean Lanka Services (Pvt) Ltd

Pership Shipping Ltd

Pership Shipping Ltd

Triestino Lanka Shipping Ltd

Aitken Spence Shipping Services(Pvt) LtdABC Shipping (Pvt) Ltd

Star Lanka Shipping (Pvt) Ltd

Star Lanka Shipping (Pvt) Ltd

Neon Maritime (Pvt) Ltd

Neon Maritime (Pvt) Ltd

CMA CGM Lanka (Pvt) Ltd

Maersk Lanka (Pvt) Ltd

MISC Agencies Lanka (Pvt) Ltd

Malship (Ceylon) Ltd

McOcean Logistics Ltd.

Mitsui O.S.K. Lines Lanka (Pvt)Ltd

Prudential Shipping Line (PTE)Ltd

McStar Ltd

MSC Agencies (Pvt) Ltd

Mercantile Shipping Company Ltd

Mitsui O.S.K. Lines Lanka (Pvt)Ltd

Belcon Agency Ltd

K.J.S. Shipping Services (Pvt) Ltd

Pan Global Shipping (Pvt) Ltd

Total Transportation Services (Pvt)Ltd

N.Y.K. Line Lanka (Pvt) Ltd

Norlanka Shipping (Pvt) Ltd

Clarion Shipping (Pvt) Ltd

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Orient Shipping Services LLC

OT Africa Line

P&O Nedlloyd Ltd

PACC Container Line (Pvt) Ltd

Pacific International Lines (Pvt) Ltd

Pacific Timor Shipping Agency Pte Ltd

Pakistan National Shipping Corporation

Pan Islamic Steamship Corporation Ltd

Pan Ocean Shipping Co. Ltd.

PDZ Line

Perkins (Shipping) Pvt. Ltd

Perma Container (UK) Line Ltd

Polish Ocean Lines

Regional Container Lines

Samudera Shipping (Pvt) Ltd,

Scindia Line

Sea Consortium Pvt Ltd

Sea Express Line

Senator Lines Gmbh & Co. KG.

Shamrock G. Shipping (Pvt) Ltd

Shipping Corporation of India

Shreyas Shipping & Logistics Ltd.

Simatech Shipping L.L.C.

South African Maritime ShippingCorporation

St. John Conatiner Lines (Pte) Ltd,

Stolt – Nielsen Transportation GroupLtd.

STX Pan Ocean Line

Swire Shipping

Tasman Orient Line C.V.

Tata Martrade International

TS Line Ltd

Uniglory Marine Corporation Ltd

United Arab Shipping Company (SAG)

PAC

PIL

PTSA

PNSC

PISC

Pan Ocean

Perkins

Perma

POL

RCL

Samudera

Scindia

Seacon

SEA

Senator

Shamrock Line

SCI

Shreyas

Simatech

Safmarine

St. JOHN

STOLT

STX

Swire

TOL

TMIL

TS Line

UGMC

UASC

WAN Hai

Wijsmuller

Willine

Singapore

Singapore

Pakistan

Pakistan

Korea

PDZ

Australia

Poland

Australia

Indonesia

India

Singapore

German

India

India

U.A.E.

South AfricaSingapore

U.A.E.

Korea

England

NewZealand

Taiwan

U.A.E.

Taiwan

Netherland

Norway

Liberia

Singapore

Lanka Orient Express Lines Ltd

OOCL Lanka (Pvt) Ltd

Orient Shipping Services L.L.C.

CMA CGM Lanka (Pvt) Ltd

P & O Nedlloyd Keels (Pvt) Ltd

Aitken Spence Shipping Services(Pvt) LtdEastern Maritime (Colombo) Ltd

Premier Shipping (Pvt) Ltd.

M.A. Razak & Co. Ltd

M.A. Razak & Co. Ltd

Marine International Agencies

(Pvt) Ltd.Cargoserv Shipping Ltd

Pership Shipping Ltd.

Maritime Logistics Colombo (Pvt)Ltd

Ceylon Ocean Lines Ltd

Delmage Forsyth & Co. (Shipping)Ltd

Capricorn Shipping (Pvt) Ltd

Asha Agencies Ltd

Sea Consortium Lanka (Pvt) Ltd

Swift Shipping & Trading (Pvt) ltd

Ceyline Agencies (Pvt) Ltd

Prudential Shipping Line (PTE)Ltd

Asha Agencies Ltd

Clarion Shipping (Pvt) Ltd

Simatech Lanka Shipping (Pvt)Ltd

Maersk Lanka (Pvt) Ltd

Ocean Lanka Services (Pvt) Ltd

Clarion Shipping (Pvt) Ltd.

Setmil-United Cargo (Pvt) Ltd

Clarion Shipping (Pvt) Ltd

Clarion Shipping (Pvt) Ltd

Clarion Shipping (Pvt) Ltd

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Wan Hai Lines Ltd.

Wijsmuller Salvage BV.

Wilhelmsen Lines A.S.

Windermere Navigation Inc.

Windsor Lines Ltd. B.V.I.

Yangming Marine Transport Corporation

Zim Integrated Shipping Services Ltd

Windermere

Windsor

YML

Zim

Taiwan

Hong Kong

Diamond Shipping Services (Pvt)Ltd

Green Lanka Shipping Ltd

Belcon Agencies Ltd.

McLarens Shipping Ltd.

Equity Services Ltd.

Barwill Meridian Navigation Ltd.

Malship (Ceylon) Ltd.

Neon Maritime (pvt) Ltd.

Asha Shipping Ltd.

Star Lanka Shipping (Pvt) Ltd

SRI LANKAN SHIPPING LINES:-

1) Greenlanka Shipping Ltd

GREENLANKA SHIPPING LTD was incorporated in 1986 and is engaged in Shipping,

Transportation, Logistical and other business matters relating to the Shipping industry.

GREENLANKA SHIPPING LTD is the Sole Agent in Sri Lanka for EVERGREEN LINE of

Taiwan which is one of the world's largest container shipping companies. The companies’

presence in Sri Lanka has been well established and is a dominant player in the shipping

industry as the Colombo Port enjoys a Hub status for the ISC region.

EVERGREEN vessels have the highest number of calls to Colombo with around 22 of their

own vessels and around 8 on slot sharing basis visiting the Colombo Port. EVERGREEN is

the highest contributor of revenue to the Port of Colombo. With the formation of HATSU

MARINE LTD, HATSU LANKA AGENCIES LTD London in the year 2002 by

the EVERGREEN GROUP, GREENLANKA SHIPPING LTD was automatically appointed

as the Agent to handle this Line as well. In 2007 the joining of forces between shipping giants

Evergreen Marine, Hatsu Shipping & Italia Marittima brought about EVERGREEN LINE the

principal office for Greenlanka.

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2) Mercantile Shipping Company limited

Mercantile Shipping Company PLC (MSCL), founded in 1981, is the largest ship owner and

operator in Sri Lanka. The multipurpose fleet presently consists of 5 high quality, partly

brand new vessels in the range of 7,800 to 17, 430 tons dwt which are operated throughout

the Indian Ocean and world-wide.

The clientele, mainly traders and exporters & importers, the vessels are employed on time

charter, trip charter and voyage charter as well as long-term contracts (COA's) which enables

us to react to the transport demands of the customers with flexible and appropriate transport

solutions. The experienced and professional staff ensures at any time high quality service and

offers to the valued customers all assistance related to shipping. Mercantile Shipping

Company Ltd. is the multipurpose partner for any kind of conventional cargoes, break bulk

and project-loads. They always strive for first class and reliable service at most competitive

rates, based on ships with highest maintenance and quality standards. The customers are the

partners in a joint business.

History

Mercantile Shipping Company PLC was established in 1981 as a German - Sri Lankan joint

venture, listed at the Colombo stock exchange. It successfully combines German shipping

expertise and local in-depth market knowledge. Today MSCL is Sri Lankans leading ship

owning company. In 1986 MSCL became a pioneer in private maritime seafarer training in

Sri Lanka by establishing its own Mercantile Seamen Training Institute (MSTI) in Galle.

The company had realized at this very early stage that the key to growth and quality is well

trained and experienced crew. Today the company benefits from having trained well more

than 1000 seafarers by being the leading quality ship owner in the region ship owner in the

region

International trading companies and shippers are using MSCL for their high valued cargoes.

The experience and profound knowledge gained in the infrastructural environment of the

Indian Ocean made MSCL a well reputed and reliable ship owning partner for liner operators

trading into regions of similar infrastructure like West Africa and the Caribbean.

During the past 25+ years Mercantile Shipping Company PLC developed from a ship owner

performing liner services around Sri Lanka to a reliable partner in the international tramp

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traffic.

Profile

Mercantile Shipping Company PLC owns / operates presently 5 general cargo and semi-

container vessels in the range of 7,800 to 17,430 tdwt.

The vessels match highest quality and maintenance standards and are classified under

Germanischer Lloyd and Bureau Veritas.

All vessels are P&I covered through the West of England Ship Owners Mutual Insurance

Association (Luxembourg). The management of MSCL combines Sri Lankan and German

top management and merges long lasting experience and expertise in all fields of

international shipping

MSCL offers complete transport solutions for any kind of conventional and general cargo, based on sound business practises and established values. They offer Time Charter on short

and mid term, voyage charter (flt,fios,fi/lo,li/fo), long-term contracts. Whatever the transport

requirements are, they offer the adequate solution. the adequate solution.

Area covered

5 vessels ranging from 7,800 to 17,430 tdwt, all geared, tween and single deckers Multipurpose, Conventional and Break bulk ships

Ships of highest quality and maintenance standards Time charter, Trip charter, Voyage charter (On Liner Terms or FIOS)

Long term contract shipments P&I through West of England Beyond transport, advice and assistance is also offered to the valued customers

3) ZIM Integrated Shipping services Ltd

ZIM Integrated Shipping Ltd was established in 1945, and has developed into one of the

largest, leading carriers in the global container shipping industry. At ZIM, they are committed

to providing the clients around the world with reliable, flexible shipping solutions based on

expertise gained from over half a century of experience. They cultivate long-term

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partnerships with the customers to delivering a range of services adapted to meet their

specific needs with the ZIM seal of quality.

For ZIM’s highly skilled and professional staff, there is no cargo challenge that cannot be

met. ZIM’s customers en joy the peace of mind that comes from working with a carrier that

offers proven shipping solutions, including out-of-gauge cargo, perishable goods, or

hazardous cargo.

ZIM remains at the forefront of the carrier industry by rapidly adapting to commercial

developments and emerging markets. This approach is an integral part of ZIM’s working

philosophy, and drives the expansion of the operations in established East-West trade routes,

while they pursue the development of the carrier services in the world’s newe st, most

dynamic markets.

Mission: Global Reach, Local Touch

Vision: When the cargo is far from home, it is close to ZIM’s heart.

At ZIM, every customer is a valued individual. As a ZIM customer, the benefits of working

with a carrier that is large enough to provide shipping services in every corner of the world,

yet small enough to give you the personal attention you deserve.

ZIM offers comprehensive account management services delivered by the personal service

representative, a professional shipping expert dedicated to anticipating and meeting the

needs. This individual approach ensures that you receive first-class, fully customized

services, handled entirely by ZIM, so you are free to focus on the business.

ZIM is owned by the holding company Israel Corporation, a market leader committed to

helping ZIM fulfil its mission. As they face the future, ZIM is ideally positioned to

successfully navigate the global Shipping market while remaining dedicated to the delivery of

the highest level of customer service.

Services Network

ZIM – Extending excellence across the globe.

ZIM’s global reach extends to over 120 countries, with a network of global and regional

shipping services that connects the business to strategic ports around the world. Whenworking with ZIM, you are assured comprehensive geographical coverage via a complex

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feeder network operating from hub ports on all major international trade routes. At every

stage of the supply chain, ZIM’s trust ed subsidiaries and affiliates form a network of shipping

agents with specialized local knowledge to tailor the solution so it’s a perfect fit.

Fleet & Containers

ZIM’s superior shipping solutions demand a state -of-the-art fleet. ZIM’s fleet comprises ove r

100 modern vessels, including mega-vessels of 8,000 and 10,000 TEUs, with a total carrying

capacity of over 337,000 TEU. They operate approximately 358,806 containers (582,000

TEU), of which 34,250 are special equipment containers. The average age of the containers

does not exceed five years.

Beyond the scope and quality of the fleet and containers, they ZIM take pride in managingand monitoring the vessels according to the highest industry standards. In this way, ZIM

guarantees you optimal performance and outstanding results. When it comes to special cargo,

nobody knows shipping like ZIM. The skilled and experienced team has handled

extraordinary shipping challenges, including perishable goods, dangerous goods, and out-of-

gauge cargo.

They provide guidance and assistance for every type of cargo – no matter how unusual –

based on ZIM’s expertise and capabilities. In partnership with theaffiliates, ZIM successfully

solves any logistical challenge with tailor-made shipping solutions to meet ytherequirements

and honor ythepreferences.

Facts and figures

Annual turnover 2012: $3.96 billion TEU's Carried in 2012: 2.4 million

Total TEU Capacity (owned and chartered vessels): 363,474 TEUs

Fleet: Young fleet (weighted average life of 5.7 years) of about 90 vessels, 28 fully or

partly owned

Containers: over 550,537 TEUs (as of December 31, 2012) of various types Ports of Call: 180 throughout the world, with 10 strategically located hubs Services: Over 60 lines and services, mostly on a weekly, fixed-day basis, covering all

major trade routes with regional connections

Employees: ~6000

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Regional Headquarters: Haifa (Israel), Norfolk, Virginia (USA), Hamburg

(Germany), Hong Kong

Agents: ZIM has more than 450 offices and representatives in over 135 countries

throughout the world China: Strong presence in China with over 30 offices and hundreds of employees IT systems: over $100 million invested in recent years in modern, centralized IT

systems

4) Ceylon Shipping Corporation limited

Company Profile

June, 1971 was a historical day for the contemporary shipping industry of Sri Lanka, whenthe country's legislatures gave the nod to establish Ceylon Shipping Corporation as a fully

government owned commercial enterprise. Infant National Carrier under the brand name of

CSC grew from strength to strength and earned the credibility as a dependable carrier from

Europe to Fareast and North of India to Australia. CSC helped many non-traditional export

produces to enter global markets and establish footholds when the freight was a prohibitive

factor and sailing opportunities were minimal at the time.

In 1992, Government of Sri Lanka conferred more commercial independence to CSC

enabling her to respond to market forces more quickly, by converting the Corporation into a

limited liability company Ceylon Shipping Corporation Ltd. Government of Sri Lanka still

fully owns CSC being one of the strategically important state entities for the island nation.

CSC was the first South Asian carrier to start container services from South Asia to Europe in

1980. CSC was a key partner in the progress and modernization of Colombo port as the

premier container hub port in the South Asia in late 1970s. CSC has been developing much-

needed human resources for the shipping industry of the country being the Alma Mator for

many shipping experts and seafarers.

VISION: To develop a dependable and effective National Fleet of Ships for the country.

MISSION: To cater to the sea transportation needs of the export, import and local coastal

Trades of Sri Lanka that needs assistance from the National Carrier.

In-house Ship broking:

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CSCL has its own exclusive In-house Ship broking/Chartering Dept with vast experience in

vessel chartering and is capable of arranging any type of fixtures befitting the requirement of

any company engaged in export and import trades to the satisfaction of both charterers and

owners through the worldwide contacts with many ship owners

5) Ceylon Shipping Lines Limited (CSL)

Ceylon Shipping Lines Limited (CSL) was incorporated as a Private Limited Liability

Company in 1954, as a joint venture between Norwegian and Swedish nationals, to conduct

business as Ship Operators and Shipping Agents. In 1978 CSL became fully owned by the

Government of Sri Lanka. The company was privatized in December 1992, with the

Government of Sri Lanka continuing as a minority shareholder. CSL today is at the pivot of

a widely diversified and highly successful conglomerate. The Organization is rapidly

progressing in the international arena, backed by its Global Agency Representation Network

in over 20 countries. The Company commands vast financial and human resources that have

brought into focus a new horizon of opportunities to give CSL a competitive edge in the

commercial world.

Mission: To be known Globally & Locally as a premier Freight Solutions Provider.Corporate objectives

Maximizing Shareholder wealth.

Providing Opportunities for employees to develop.

Building a culture of team work and spirit to bring out the best in people.

Fostering mutually beneficial relationships with all business partners.

6) Sea horse shipping pvt ltd

Sea Horse Shipping was formed in November 2001 and represents major shipping lines

handling Liner, NVOCC, All types of Break Bulk & Casual Callers, Project & Special cargo

vessels. Also acts as Bunker brokers, Ship chandlers, Launch operators, Crew Recruitment in

addition to handling ships. Having a dynamic and dedicated staff with well over 25 years

experience in shipping, Sea Horse Shipping (Pvt) Ltd is geared to cater to the ever demandingneeds of its prospective local and international customers.

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SHS has emerged as a leading company in handling specialised project cargo and in the bulk

handling of heavy machinery. SHS acts as managing agents handling the crew and technical

management of the couple of tanker vessels for major ship operator. This company was

awarded ISO accreditation in the year 2002 by Lloyds Register of Quality Assurance,

London.

Products and services Main Line Representation

NVOCC Representation All types of Break Bulk, Bulk Cargo, Tanker vessels

Handling agents

Multi Country Consolidation Crew Recruitments Crew & Technical Managers

Bunker Brokers Project Cargo

Ship Chandlers

7) Diamond Shipping Services Pvt Ltd

The company Diamond Shipping Services Pvt Ltd is based in Colombo, Sri Lanka. They are

a subsidiary of the Sharaf Group Dubai & Sri Lanka Shipping Company., Diamond Shipping

is formed as a joint yet an independent company of these two long established regional major

shipping and transport Groups.Diamond Shipping Pvt, Ltd. established in 2003 offers a range

of shipping services and solutions. Although young as a company, they have rapidly gained a

reputation of being highly reliable, professional and able to offer quality and cost effective

services. Diamond Shipping Services Pvt Ltd., the “SPARKLE IN SOUTH ASIA “for

Shipping Agency solutions and professional services throughout Sri Lanka.

8) Prudential Shipping Lines PVT ltd

Prudential Shipping Lines is a resourceful company committed to delivering professional

shipping services that are timely and cost-effective. They emerge through a business

philosophy keen on establishing mutually beneficial business relationships for prosperity and

growth in tandem. At Prudential Shipping Lines it is not just a business transaction they

enter into with the clients but a partnership built on Trust, Reliability and Professionalism.

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The reason for being has been the ability to provide superior, cost-effective, efficient and

timely services; an experience one may liken to sailing into smoother waters.

Prudential Shipping Lines is strengthened by a team of professionals with a collective

experience of over 100 years in the shipping industry. The Management and senior staff have

obtained qualifications and expertise both locally and internationally. These experts are

united by a common vision to become the most sought-after service provider of global repute,

driven by strong values and service ethics while bestowing high profitability to all

stakeholders. They continuously strive to enhance employee excellence/productivity through

training and development, and upgrade the standard of services on offer.

Engaged in global industry and commerce, Prudential Shipping Lines understands the

imperative need of seamless transactions and so provides a variety of services from Vessel

Agency to all Husbandry servi ces. The company’s dynamism is revealed in its capability to

serve ships calling Colombo and other ports of Sri Lanka, as well as Maldives, providing

agency services to the Shipping industry. Located in the heart of the busy Central Business

District of Colombo, Prudential Shipping Lines is housed in a state-of-the-art office complex,

complete with all facilities needed, to meet the challenges of Shipping, Logistics and

Commerce. The sound equity and financial prowess only serves to further reflect the

steadfastness of the company.

Vessel

They specialize in handling all types of vessels including Container Liner, Break Bulk,

RORO, Tankers, and Passenger, Yachts and Naval vessels providing Cargo booking, Owners

protection and husbandry services.

They offer complete in-house solutions to all the shipping and marine requirements.

Prudential Shipping can coordinate all stages of the supply chain, adapting the services to the

needs and ensuring a prompt and efficient service delivery that consistently aims to exceed

the expectations.

A comprehensive range of Marine logistics services including full cargo import and export

services, local customs clearance facilities, as well as local haulage, distribution and

warehousing facilities, are on offer.

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They keep the principals informed of Market conditions and happenings on a regular basis so

that the Principals can determine the Potential opportunities in a timely manner. They

maintain a good rapport with all the stakeholders in the Industry including Customers –

Importers/Exporters, Regulatory bodies, Ports Authority, Customs, etc.

The network of associates combined with the competence and experience puts us in a unique

position to change the way they handle the customers ’ multiple port calls.

9) GAC Sri Lanka

Overview

Established in 1991, GAC Sri Lanka offers a full range of professional shipping, marine and

logistics services. With offices in Colombo, Galle, Hambantota and Trincomalee they cover

all ports in the country and can handle any type of vessel and cargoes. Whether you require

full agency, owners protecting agency or husbandry agency services, GAC Sri Lanka can

handle the call. The extensive portfolio of services includes loading and discharge of wet and

dry bulk, general cargo and containers, dry dockings, supply of bunker fuel, crew changes,

spare parts and more.

GAC Sri Lanka’s ship supply service enables vessels that ply the busy sea lanes to take provisions, spares and new crew without diverting from their route. The fleet of twelve

modern high speed crafts ensures fast and safe delivery around the clock. They also provide

full service for embarkation and disembarkation of marine security personnel with their

equipment. The GAC fleet is able to provide rapid response to emergencies on board vessels.

Transferring bulk liquids and LPG from ship-to-ship is a highly technical operation that

requires not only specialised skills and equipment but also prompt mobility and in-depth

experience dealing with contingency situations.

GAC Sri Lanka has exactly what it takes to deliver ship-to-ship services safely and

seamlessly for a wide variety of liquid cargo such as crude oil, petroleum products and

liquefied gas using 100% own equipment. The support to the Oil and Gas Industry, both on-

and off-shore, includes a full range of agency and logistic services offered as an integrated

and complete package. It contains initial advice and documentation to facilitate the import

and re-export of specialised marine equipment (rigs, platforms, support vessels) as well as

handling and storage of consignments like drilling tools, machinery, spares and more. As a

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licensed customs house agent (CHA) all import and export clearances can be provided in-

house. The extensive range of logistics services includes everything from supply chain

management, customs clearance, sea and air freight, warehousing and distribution to project

and event logistics. They also provide international moving services. With a network of over

300 GAC offices worldwide, they combine local expertise with the worldwide infrastructure

and resources of the GAC Group including strong relationships with the world’s premier

carriers which enables the customers to benefit from favourable rates and gain priority access

to capacity even during peak times.

Fast Turnaround

Efficient ISO-certified procedures and close working relationships with local authorities,

suppliers and the local shipping industry enables GAC Sri Lanka to provide rapid turnaround

of vessels in any situation. Reducing the time spent waiting, in port and leading up to final

disbursements, are key priorities to help ensure time-and- cost efficiency for GAC Sri Lanka’s

customers.

What makes GAC Shipping special?

Reliable market intelligence

Up-to-date customised reports and information

High quality service delivery through the ISO certified quality system

24/7 operation

Fast turnaround and short lead-times for final disbursements

Dedicated fleet of multi-purpose vehicles for crew and spares services

Dedicated fleet of supply vessels for safe and efficient service off Galle and Colombo

Highest safety standards

10) Mediterranean Shipping Company (MSC)

World’s second - largest shipping line in terms of container vessel capacity. MSC operates 434 vessels and has a capacity of 2,174,000 twenty-foot equivalent

units (TEU). The Genoa- based company operates in all major ports of the world.

MSC's most important port is Antwerp in Belgium.

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MSC serves 270 ports worldwide on the six continents. 350 local offices, employing a

total of 29,000 people, provide an agency network representation.

Vessels with the capacity of up to 13,800 TEU, including one of the largest container

ships, MSC Emanuela and her sistership MSC Beatrice . The growth of MSC is fully organic, and not through Mergers and Acquisition. The line was named shipping line of the year in 2007 for the sixth time in eleven

years by Lloyds Loading List, which is an achievement not matched by any other

shipping line.

11) United Arab Shipping Company

Service area: Kuwait , Dubai, Middle East and west Africa region from Dubai, the European

region from London, the Far East and Australia region from Singapore, and the North

American region from Cranford - New Jersey.

Products: Container shipping

United Arab Shipping Company was established in July 1976 jointly by six

shareholding Arab states of the Persian

Gulf (Bahrain, Iraq, Kuwait, Qatar, Saudi Arabia and U.A.E) . The UASC fleet operates more than 18 services. UASC owns and operates a fleet of 58 fully cellular container vessels.

12) Yang Ming Marine Transport Corporation

Area served : Asia, Europe, Americas, Australia and Africa USA accounted for 20.3

per cent of Sri Lanka's exports, followed by UK (10.5 per cent) and EU (23.3 per cent,

excluding UK). Garments continued to account for the bulk of exports to these markets.

Among EU member countries, Italy (5.8 per cent), Belgium (5.4 per cent) and Germany (4.8

per cent) remained the leading export destinations in 2011. Almost 79 per cent of Sri Lanka's

processed diamonds were exported to Belgium in 2011. Exports to India accounted for about

4.9 per cent of Sri Lanka's total exports, increased by 9.5 per cent in 2011 and comprised of

machinery and equipment, animal fodder, spices and garments.

Services : Shipping services, logistics services

This shipping line was founded in 1972

Ocean shipping company based in Keelung, Taiwan (ROC)

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Yang Ming currently operates 84 container ships up to 8,250 twenty-foot equivalent

units (TEU) and 17 bulk carriers) .

At the middle of 2012, Yang Ming operates a fleet of 85 vessels with a 4.2-million-

D.W.T / operating capacity 346 thousand TEUS, of which container ships are themains service force.

Yang Ming's service scope covers over 70 nations with more than 170 service

points.

Export Performance of Sri Lanka

Exports which rebounded in 2010, strengthened further during 2011 despite a fragile

recovery in the world economy. Earnings from exports exceeded the US dollars 10

billion mark and reached US dollars 10,559 million, an increase of 22.4 per cent in

2011 over the previous year. The export growth in 2011 is commendable and

highlighted the resilience of exports as it was achieved amidst slow and uncertain

economic recovery in Sri Lanka's traditional markets, particularly, USA, EU, and the

Middle East. The expansion in domestic economic activities and the favourable

investment climate with low interest rates and improved infrastructure contributed to

the growth in exports. The largest contribution to the growth in export earnings

amounting to US dollars 1,896 million came from industrial exports followed by

agricultural exports (US dollars 221 million).

Industrial exports increased by 31.1 per cent to US dollars 7,992 million in 2011.

Major contribution to this growth came from exports of textiles and garments, rubber

products and petroleum products. Further, earnings from exports of food, beverages

and tobacco, gems, diamonds and jewellery, transport equipment and machinery and

mechanical appliances made a significant contribution to export earnings.

Earnings from agricultural exports, which accounted for 23.9 per cent of total exports,

increased by 9.6 per cent to US dollars 2,528 million. Earnings from traditional

agricultural crops increased due to higher prices that prevailed in the international

market during the first half of 2011. Among agricultural exports, tea accounted for

14.1 per cent of total export earnings in 2011 followed by coconut (2.5 per cent),

spices (2.2 per cent) and rubber (2 per cent). Tea exports continued to be the major

agricultural export, contributing 59 per cent to the total agricultural exports.

Earnings from export of rubber and coconut increased mainly due to an increase in

prices. A short supply of natural rubber in the world market resulting from

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unfavorable weather conditions in major rubber producing countries coupled with

high oil prices contributed to higher prices at the Colombo auction, particularly in the

first half of 2011. A short supply of natural rubber in the world market resulting from

unfavourable weather conditions in major rubber producing countries coupled with

high oil prices contributed to higher prices at the Colombo auction, particularly in the

first half of 2011. Despite higher export prices, export volumes of rubber declined by

17.9 per cent in 2011, due to increased domestic demand by rubber manufacturing

industries and the Cess on raw rubber exports. Meanwhile, earnings from export of

coconut products increased by 60.4 per cent to US dollars 266 million in 2011, largely

due to higher earnings from desiccated coconut exports.

The sharp increase in desiccated coconut exports was driven by higher volumes and

favourable prices fetched at auctions. Export of fresh coconuts declined both in value

and volume terms by 46.4 per cent and 60.5 per cent, respectively, in 2011 due to

increased domestic demand.

Earnings from spices and minor agricultural products grew with favourable prices in

the international market. Earnings from spices led by cinnamon and nutmeg increased

by 13.5 per cent to US dollars 235 million in 2011. Cinnamon exports grew by 31.4

per cent to US dollars 129 million largely due to an increase in prices by 30.8 per cent

to US dollars 9.38 per kg in 2011. Earnings from pepper and cloves declined due to a

decrease in export volumes although prices remained high. Minor agricultural

products including fruits, edible nuts, cereals, flowers and foliage and cocoa recorded

higher export earnings. Earnings from unmanufactured tobacco increased by 19.2 per

cent to US dollars 38 million in 2011.

Import Performance of Sri Lanka

Expenditure on imports increased by 50.7 per cent to US dollars 20,269 million in

2011 compared to US dollars 13,451 million in 2010. Higher demand for all major

categories of imports; consumer, intermediate and investment goods, as well as

higher international commodity prices contributed to the surge in import

expenditure. Import of intermediate goods accounted for 60.6 per cent of total

imports while investment goods accounted for 21.2 per cent of total imports.

Consumer goods imports accounted for 18 per cent to the total import expenditure.

The average import price of crude oil increased by 36.6 per cent to US dollars

108.59 per barrel during the year, compared to US dollars 79.52 per barrel during

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2010, mainly due to increased demand from emerging market economies and

political uncertainties which prevailed in oil exporting countries in North Africa and

the Middle East.

The expenditure on textile imports amounted to US dollars 2,321 million in 2011,reflecting both the increased demand for apparel exports and higher prices of

textiles, particularly prevailed in the first half of 2011.On net terms, exports of

textiles and garments amounted to US dollars 1,871 million in 2011.

The expenditure on fertiliser imports increased, led by higher prices that prevailed

in the international market and increased volume of imports as the fertiliser subsidy

was extended to cover all crops, effective from May 2011. Expenditure on wheat

and maize imports also increased. Import of other categories of intermediate goods,

such as chemicals, diamonds and precious metals also increased during the period.

Meanwhile, import of gold, which is the main sub-category within the import of

diamonds, precious stones and metals, increased due to the removal of import duty

on gold in 2010.

Import of investment goods recorded a significant increase of 55.4 per cent in 2011

to US dollars 4,286 million led by increase in transport equipment, machinery as

well as building materials. Increase in investment goods imports was attributed

mainly to the large scale infrastructure development projects of the government

funded by foreign inflows, which increased substantially during the year.

Expenditure on imports of Machinery and equipment which comprise engineering

equipment, electronic equipment, telecommunication devices, office machinery,

medical and laboratory equipment and machinery for the textile industry increased.

Expenditure on imports of transport equipment which comprise vehicles for

transport of passenger and goods, heavy-duty vehicles, small scale ships and also

boats and building materials which comprise mainly cement, iron and steel,

aluminum articles and mineral products also increased in during year 2011

reflecting an expansion in construction activities in the country.

Expenditure on import of consumer goods increased by 47.5 per cent to US dollars

3,654 million in 2011. Non-food consumer goods contributed 57.1 per cent to the

total of consumer goods imports. The main contributor to increase the imports of

non-food consumer goods was personal motor vehicles, motor cycles and trishaws.

Increase in motor vehicle imports was influenced by the reduction in import duties

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and supported by relatively easy access to credit at competitive rates and increased

real income levels.

The expenditure on import of Medical and pharmaceutical product, food and

beverages, sugar and confectionery goods and Import of dairy products, includingmilk powder also increased.

Direction of Trade

India remained the major trading partner in 2011 followed by Singapore and USA.

The other countries that had trade over US dollars 1 billion in 2011 include China,

Iran, UK and Japan. USA and UK remained the largest export destinations, while

India and Singapore followed by China remained the foremost import origins in

2011. India contributed to over 16 per cent of Sri Lanka's external trade in 2011.

USA accounted for 20.3 per cent of Sri Lanka's exports, followed by UK (10.5 per

cent) and EU (23.3 per cent, excluding UK). Garments continued to account for the

bulk of exports to these markets. Among EU member countries, Italy (5.8 per cent),

Belgium (5.4 per cent) and Germany (4.8 per cent) remained the leading export

destinations in 2011. Almost 79 per cent of Sri Lanka's processed diamonds were

exported to Belgium in 2011. Exports to India accounted for about 4.9 per cent of

Sri Lanka's total exports, increased by 9.5 per cent in 2011 and comprised of

machinery and equipment, animal fodder, spices and garments.

Russia continued to be the major destination for tea exports accounting for nearly

17 per cent of total tea exports in 2011. Singapore emerged as an important export

destination in 2011 by accounting for nearly 3.9 per cent of Sri Lanka's exports.

India continued to be the largest source of imports in 2011 and accounted for nearly

21.9 per cent of imports in 2011. Total imports from India amounted to US dollars

4,431 million in 2011. Main imports from India were refined petroleum products,

motorcycles and auto-trishaws. Singapore and China followed as the second and

third largest import origins, accounting for 10.5 per cent and 10.3 per cent of total

imports, respectively. Main imports from Singapore comprised fertiliser and

petroleum products, while the major imports from China were machinery and

cotton. Iran and Japan remained the fourth and fifth largest source of imports,

respectively. Imports from Iran and Japan comprised mainly crude oil and motor

vehicles, respectively.