Prudential Shipping by MendisOne partners Pace Marine, India to enhance maritime operations at Hambantota port

Monday, 23 October 2023 00:22 - - {{hitsCtrl.values.hits}}

Prudential Shipping by MendisOne, one of Sri Lanka’s fast-growing shipping agencies, has joined forces with Pace Marine, India to enhance maritime operations at the Hambantota International Port to commence Ship-To-Ship Operations (STS Operations).

STS transfer operations involve the direct transfer of cargo, such as oil, liquefied petroleum gas (LPG), liquefied natural gas (LNG), and other bulk commodities, between two seafaring vessels. This operation has gained traction due to its potential to optimise port resources, reduce congestion, and minimize transportation costs. Unlike traditional port loading and unloading, STS operations offer a more flexible and efficient alternative, enabling vessels to exchange goods without the need to enter a port. STS operations can be especially advantageous for large vessels that may struggle to navigate small or congested ports.

The Hambantota International Port, nestled on the southern coast of Sri Lanka, is one of the region’s upcoming commercial ports that can leverage STS operations to its advantage. The port's strategic location along major shipping routes makes it an ideal candidate for STS activities. By enabling direct vessel-to-vessel cargo transfers, the Hambantota International Port can attract more shipping traffic, bolster its revenue streams, and contribute significantly to the economic development of the region.

STS operations require specialised equipment, highly skilled personnel, and adherence to stringent safety and environmental IMO regulations. Prudential Shipping brings with it a plethora of assets to cater to the distinctive requirements of the venture. This includes a series of pneumatic fenders, flexible hoses, state-of-the-art fibre ropes, SS adaptors, wire slings, and a 17T bow shackle. Together with this, rigorous planning, communication, and coordination are guaranteed by Prudential Shipping to ensure smooth cargo transfer and minimal risks.

Prudential Shipping is part of the MendisOne Group of Companies, which recently commemorated 25 years of business excellence serving an international cohort of stakeholders. Together with its other subsidiaries Premium Trading and Logistics and Helanka Vacations, the Group has thrived in the fields of shipping, customs house brokerage, trade and logistics, leisure services, and event management. The introduction of STS operations at the Hambantota International Port marks a significant milestone in the Group’s journey. By expanding its operational capabilities, the MendisOne Group stands true to its vision of the Growth and Development of Sri Lankan businesses across borders.