Hambantota Port Achieves 22% Growth in 2024

by Staff Writer 09-01-2025 | 10:10 AM

COLOMBO (News 1st); Hambantota International Port (HIP) achieved a growth rate of 22% in 2024, matching its performance from the previous year.

With its sights set on even higher numbers in 2025, the port said that it is implementing upgrades to its infrastructure, including the introduction of gantry and yard cranes in the container yard.

These enhancements are part of HIP’s strategy to meet the growing demands of the shipping & logistics markets while positioning itself as a key player in the Indian Ocean region.

The port’s bulk and break-bulk cargo sectors saw remarkable progress in 2024.

During the first half of the year, volumes rose by 134% compared to the same period in 2023, increasing from 236,012 metric tons to 552,297 metric tons.

This surge was largely attributed to the recovery of Sri Lanka’s construction sector, which collapsed in 2022, leading to a spike in cement imports.

HIP has also cemented its reputation as a hub for bulk cargo distribution in Sri Lanka, with further growth expected by year-end.

Gas operations at the port also flourished, with LPG volumes increasing by 46% in the first half of 2024, climbing from 127,232 metric tons to 185,214 metric tons.

The port recorded a 100% increase in LPG throughput during the second quarter compared to 2023.

HIP expanded its services in the energy sector by offering LPG vessel gas-ups and direct bunker supplies, while also preparing for Liquid Bulk Ship-to-Ship operations. These developments emphasise HIP’s focus on promoting the energy sector as a key growth market.

A groundbreaking achievement for HIP in 2024 was the launch of its inaugural container transshipment service in April, operated by the Mediterranean Shipping Company (MSC).

HIP transitioned into a fully-fledged container port, handling 43,777 TEUs by mid-year, a staggering increase from just 44 TEUs during the same period in 2023.

This milestone marked a 99,300% growth in the container segment and positioned HIP as a potential container transfer center in the region. To support this new operation, the port is developing a dedicated container yard to handle transshipment services.