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2 sources·Updated 10h ago

Smarter Colombo Port Could Mean Faster Trade

Sri Lanka's ambition to become a leading maritime and logistics hub in the Indian Ocean will depend not only on expanding terminals and infrastructure, but also on embracing cutting-edge digital technology, according to Deputy Minister of Ports and Civil Aviation Janitha Ruwan Kodithuwakku. Addressing a regional workshop on maritime digitalization, the Deputy Minister said Sri Lanka's growing role in global and regional supply chains requires a parallel investment in advanced technology to ensure the country remains competitive in an increasingly digital maritime industry. "Sri Lanka's continued development as a maritime logistics hub requires us to strengthen our technological capabilities alongside our physical infrastructure. As we expand port capacity and enhance our role in regional and global supply chains, the adoption of advanced technologies is essential to maximizing the benefits of these investments and responding effectively to the evolving demands of international trade." He noted that modern ports can no longer depend solely on larger terminals and improved physical facilities. Instead, success increasingly depends on efficient information management, streamlined regulatory procedures and seamless coordination among the many stakeholders involved in maritime operations. "Modern ports require more than expanded terminals and improved physical facilities. They also depend on efficient information management, streamlined regulatory procedures and effective coordination among the many stakeholders involved in maritime operations." Kodithuwakku highlighted the importance of the Maritime Single Window and Port Community System, describing them as essential tools for modernizing Sri Lanka's ports. A Maritime Single Window allows ships and their agents to submit required information electronically through a single entry point, significantly reducing bureaucracy and simplifying regulatory processes. Meanwhile, a Port Community System enables real-time information sharing among stakeholders across the port ecosystem, reducing delays, lowering costs and improving operational efficiency. "Together, these digital solutions can enhance operational efficiency, strengthen competitiveness and contribute to a more efficient and reliable maritime transport system."

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Full coverage

Image: News FirstNews First•10h agoSmarter Colombo Port Could Mean Faster Trade

By News 1st

Read on News First

Also covered by

Hiru News - English•18h agoCustoms delays at ports threaten Sri Lanka’s trade competitiveness

Summary

"Sri Lanka's continued development as a maritime logistics hub requires us to strengthen our technological capabilities alongside our physical infrastructure. Instead, success increasingly depends on efficient information management, streamlined regulatory procedures and seamless coordination among the many stakeholders involved in maritime operations.

Summarised from News First

What this story is about

Names and places drawn from every article in this story. The number shows how many of them mentioned it.

People
  • Janitha Ruwan Kodithuwakku
Organisations
  • Customs House Agents Traders Association
  • Wharf Representatives Union
  • Ports Authority
  • Sri
Places
  • Sri Lanka2
  • Colombo2
  • Port of Colombo
  • Colombo Port
  • Indian Ocean
  • India
Keywords
  • competitiveness
  • streamlined
  • terminals
  • ambition
  • efficien
  • maritime
  • threaten
  • depends
  • smarter
  • delays

At a glance

Newsrooms
2
Articles
2
First reported
Oct 27, 2:30 PM
Latest update
Oct 27, 10:37 PM

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