MARITIME

Imbalance of westbound and eastbound trade streams caused for a global container shortage

“……westbound flow was recovering at a faster pace showing remarkable records, while eastbound trade stream lagged and couldn’t catch up on with the opposite stream……” Since most of the European countries were at complete lockdown due to Covid-19, the global trade lines was seemed to be running empty. Later, these countries were re-opened and demand …

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Port Authority of Colombo ask cargo owners to collect their containers quickly from the port

Port of Colombo is operating under intense environment due to the congestion taking place as a result of Covid-19 virus where port employees tested positive for the virus and another group is being quarantined to control the spread. It is also reported that several vessels has been anchored outside the port for several days due …

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