shipping line MSC had decided to temporarily pull out of Sri Lanka due to a
long delay in Colombo port handling operations, according to Sri Lankan media
MSC will go
to Dubai and Singapore ports thus diverting revenue from Colombo port. At
present a huge backlog is prevalent in the port, market analysts said.
handling operations at Colombo port has been seriously affected due to
prevalence of covid among the port employees and customs staff. several hundred
port and customs employees have been quarantined during the last two months
since their colleagues had tested positive for corona virus.
Transshipment operations of the port have
also been affected by the prevelance of the Pandemic.
from merchandise exports o f Sri Lanka recorded a negative growth of 14.9
percent in October 2020 down to 831.72 million US dollars as compared to 977.3
million US dollars a year earlier, according to customs statistics.
created a lull in the Colombo market, stock market analysts said.