Is Sri Lanka ready to become a maritime hub?

By Cheranka Mendis

According to the latest IMF accounts, global GDP has shown a reduction in 2012 to 3.3% from the predicted 3.5% backed by the EU economic slump and slow Chinese economy growth among other factors.

Yet the order books in the shipping industry are full and port operators and landlords building new terminals in amazingly large capacities. On one hand we are building big ships and enhancing capacity, while on the other we are still recovering from recession.