HIP records high growth in LPG operations in second quarter 2024

 Bunker volumes at the port have also increased considerably by almost 128%.

Building on this success, HIP has expanded its services to accommodate diverse oil and gas operations, including LPG vessel gas-ups and direct bunker supplies, clearly demonstrating the port’s capacity to handle a variety of energy-related operations.

“2024 is a year of significant achievements for our Energy Services, and we are strongly reinforcing the port’s position as a strategic energy hub in the regional and global maritime landscape, under the China Merchants Group (CMG) and Sri Lanka Ports Authority (SLPA” says Li Yongzhuang General Manager, Energy Services Department of Hambantota International Port Group (HIPG), adding that this milestone is particularly significant for LAUGFS Gas.

“We are actively promoting the energy sector as a growth market for HIP and expect these figures to continue rising. We are confident of meeting our target annual oil and gas volumes by the end of this year,” says Johnson Liu, Chief Representative of China Merchants Group (CMG) in Sri Lanka and CEO of Hambantota International Port Group (HIPG

The port recently completed several LPG gas-ups and direct bunker supply activities, including a direct supply to the McDermott Derrick Barge No. 50 at the HIP Oil Jetty. Looking ahead, the port is ready to begin Liquid Bulk Ship-to-Ship Operations (STS), further affirming its status as an ‘Energy Hub’ in the region.

The expansion of operational capabilities at HIP, facilitating a diverse range of maritime activities beyond traditional loading and unloading, is a strategic enhancement crucial for the maritime industry. This consolidation of essential operations within a single port streamlines processes for global shipping companies, solidifying HIP’s strategic importance.