📉 Colombo Port Loses Ground as Adani's Vizhinjam Port Begins Operations

⭕ Transshipment volumes dropped 6% YoY in July to 489,286 TEUs after Vizhinjam Port began operations on July.

⭕ Vessel-related charges (VRC) for Vizhinjam calls have been set substantially lower than the rating scale at the Colombo Port, VRC at Vizhinjam is ~$10,000 vs. ~$21,000 at Colombo.

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