Sri Lanka’s geographical location has, traditionally, represented a significant point in the Indian Ocean region and has been a haven for seafarers. The island presents a legacy of shipping and maritime hub status, and continues to be a preferred trading route through the centuries. Located strategically along the ancient Silk Route connecting the East to the West, Sri Lanka still maintains its maritime domain. Equipped with its dynamic port facilities and destination comparative advantage offering, it remains poised to cater to global shipping lines. Geographically Sri Lanka is the mid-way point between two of the world’s largest and most significant maritime hubs: Dubai and Singapore.
Sri Lanka’s strategic location among the main marine and air navigation routes
within the South Asian region makes the country a lucrative destination for
entrepot and logistic development.
The country’s close proximity to emerging markets, and it’s already developed
air and seaports in Colombo and Hambantota makes it an important logistics hub
in the region providing entrepot and transhipment services to leading shipping
lines and exporters.
During the last five years, the World Shipping Council has consecutively ranked
Sri Lanka’s Colombo Port among Top 50 World Container Ports above other South
Asia ports based on the volume of the containers handled.
Sri Lankan logistics services contribute 2.5% of gross domestic product, which
represents around USD 2 billion. Logistics services include container trucking,
warehousing, ports and shipping, but exclude domestic transport of passengers,
fisheries and interregional domestic cargo transportation.
Location
Latitude 5° 55. to 9° 50. north, Longitude 79° 42. to 81° 52., 650km north of the equator
Area
65,610 km2 (25,330 sq mi)
Capital
Sri Jayawardenepura Kotte (legislative) Colombo (executive and judicial)
Currency
Sri Lankan Rupee (LKR)
Time zone
UTC+5:30 (Sri Lanka Standard TIme)
No. of Ports
International - 6
Domestic - 16
Sri Lanka offers a range of conditions that facilitate seamless cargo storage and transitions, in being a strategic location, its expansion and logistics infrastructure and its conducive regulatory climate.
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