HIP Sees High Growth in Oil and Gas Vessel Call in 2023

MT. Ocean Lanka loading VLSFO at HIP

MT. J. Tiger discharging LPG at HIP

Over 300 oil and gas cargo vessels visited the Hambantota international Port (HIP) in 2023, recording a 132% increase in vessel calls compared to 2022. 

A key reason for this is the port’s bunkering partner Sinopec actively operating in the market, bringing significant value addition to the HIP’s commercial operations.

The overall oil and gas throughput handled by the port in 2023 was 918,000 MT with 700,000 MT of bunker and 218,000 MT LPG cargoes. 

“We are looking at the energy sector as a growth market for HIP and are actively promoting it. We expect these figures to more than double in the current year. With Sinopec partnering with HIP, we are changing the dynamics of bunker supplies in the Indian Ocean, adhering to the highest levels of health and safety,” said HIPG COO Tissa Wickremasinghe.

A total of 35 vessels called at HIP in July 2023, making it the month for the highest number of calls during the year. The port recorded a growth of 186% in LPG vessels and 125% growth in bunker vessels in 2023 as opposed to the 114 bunker and 15 LPG vessels that called in 2022. In terms of throughput the port saw a 218% overall growth with a 147% increase in LPG and 250% increase in bunker as opposed to 2022, with July marking the highest. Lanka Shipping and Logistics Ltd. Executive Director Ship Agency and Marine Services Trilan Perera said the Hambantota International Port’s dynamic team ensures seamless collaboration with industry professionals, delivering exemplary services to port users. 

“HIP’s bunkering facilities, gives priority to the highest standards of safety, reliability, and operational efficiency. The port sources products reliably from the world’s leading suppliers laying emphasis on their dedication to quality. Its strategic positioning along the east-west sail route, is geographically advantageous while dedicated deep-water oil jetties provide for a higher standard of operational capability. The port has also increased its storage capacity to cater to industry growth. Undoubtedly, HIP stands as a beacon of excellence in the maritime landscape,” he added.

The figures achieved were amidst several challenges, Wickremasinghe remarked. “We are moving forward amidst an economic downturn and a dollar crisis in Sri Lanka, continuing to provide services without interruptions. The Palestine and Ukraine wars have also impacted the oil market contributing to a surge in global prices. We have achieved our target volumes, in spite of these crises. With major projects and developments in infrastructure occurring simultaneously, the port manages vessel operations, handles manpower efficiently, and we have achieved all of this within a completely accident-free environment.”

The HIP has set higher goals for 2024, and says it is not only about overcoming challenges but about setting new standards and achieving overall growth. 

(Source: Dialy Mirror)