Sri Lanka’s HIPG Issues Clarification on Vehicle Storage Policy

Sri Lanka’s HIPG issues clarification on vehicle storage policy

ECONOMYNEXT – Sri Lanka’s Hambantota International Port Group (HIPG), has issued a statement clarifying its vehicle storage policy, saying that the “Port’s business is built on the efficient movement of cargo, not on earning revenue from storage charges.”  “Ports are designed to facilitate cargo movement, not to serve as long-term vehicle storage yards. Every vehicle that remains in the Port for months or years occupies valuable operational spac…

Hambantota Port clarifies vehicle storage policy as RoRo volumes grow

Hambantota International Port Group (HIPG) has clarified its vehicle storage policy following recent media reports, stressing that its priority is the efficient movement of cargo rather than earning revenue from storage charges. The port currently stores more than 50,000 vehicles, including transshipment and local import units. Of these, 1,278 vehicles have remained in the yard for more than three months, while 581 vehicles have been at the port…

HIPG of Sri Lanka Provides Update on Vehicle Storage Regulations

FINANCIAL CHRONICLE – The Hambantota International Port Group (HIPG) in Sri Lanka has issued a clarification regarding its policy on vehicle storage. The organization emphasized […] The post HIPG of Sri Lanka Provides Update on Vehicle Storage Regulations appeared first on FINANCIAL CHRONICLE.