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World’s largest container vessel calls on Sri Lanka’s Colombo Port

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There are only 24 ports in the world with the capacity to handle such mega vessels, with the Colombo Port being the only one in South Asia.

The world’s largest container vessel “Ever Ace” arrived at the Colombo Port in the Sri Lankan capital late on Tuesday, the Sri Lanka Ports Authority (SLPA) said.

According to officials at the SLPA, the vessel arrived to unload 1,600 TEUs at the Colombo international container terminal (CICT) in the port.

The vessel sailing under the flag of Panama is some 400 meters in length. It weighs about 235,000 tons and can carry 23,992 TEUs.

Photo taken on Oct. 6, 2021 shows the world’s largest container vessel “Ever Ace” at the Colombo Port in the Sri Lankan capital. (Photo by Ajith Perera/Xinhua)

SLPA said that there are only 24 ports in the world with the capacity to handle such mega vessels, with the Colombo Port being the only one in South Asia. Boasting a depth of 18 meters, CICT is the first and only deepwater terminal in South Asia capable of handling such large vessels afloat.

There are currently three container terminals in the Colombo Port — the Jaya container terminal (JCT) operated by SLPA, the South Asian gateway terminal (SAGT), and CICT, which is operated and managed by China Merchants Port.

As the only deepwater container terminal in South Asia, CICT has helped the Colombo port significantly enhance its position in the world shipping industry since its opening in 2013.

 

COLOMBO, Oct. 7 (Xinhua)

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Maldivian Airways have discussed the opportunity for a joint venture with both Qatar Airways and Etihad Airways.

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UAE Etihad Airways and Qatar Airways have both shown interest in investing in Maldives National Airlines, Maldivian.

President Ibrahim Mohamed Solih publicized within last August that discussions have been proceeded to find an investor for Maldivian Airways from the Middle East area. Ethical and Qatar Airways have currently shown interest in being investors. However, apart from having shown interest in being an investor, no further discussions have been made towards any investment plans.

The resorts publicized by finance show that Island Aviation run by Maldivian Airways has faced a loss of 25.3 million Maldivian Rufiyaa in the first quarter of this year. As businesses have recovered and workload has been increased following the covid lockdowns, Maldivian pilots have expressed discontent with declining salaries. In regards to this, it has been decided to increase the pilots’ salaries to 80% for the rest of the year.

Economic Minister Fayaaz Ismail and Finance Minister Ibrahim Ameer have met with businessmen and government officials in Qatar. Some media have reported that the Ministers have had meetings with Qatar Airways Officials as well regarding investing in Maldivian Airways.

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International Monetary Fund (IMF) have advised the government to stop printing more money and decrease the debt.

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International Monetary Fund (IMF) has advised the Maldives to stop taking more money from the central bank of Maldives, and lower the debt that the country has.

During the Covid-19 pandemic and the country’s economic drop, the government had suspended some of the laws regarding printing more money and printed new money by sending a bill to the parliament and getting it approved. IMF informed that to maintain the USD rate in the Maldives at 15.42, Maldives must stop printing more money. IMF further informed that if the Maldives continues to print money, we may face an economic crisis like so in Sri Lanka.

IMF has called the Maldives to think for the big picture and plan in a 360 view of how things can be, and make strategic decisions.

IMF has estimated that while working on the economic state of the country, the inflation rate may increase by 1.4% in the Maldives. And foods and beverages price may have an increased inflation rate of 2.3% in 2022. World Bank, MMA, and Finance ministry of Maldives have estimated that the country will go back to the normal economical state by 2023.

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STELCO is planning to manufacture electric vehicles.

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STELCO has decided to build electric vehicles which are going to be a first in the Maldives.

In the opening ceremony for the STELCO ‘Stevo’ workshop, the company Managing Director Hassan Mugunee has stated that the engineers working at the company are among the most established and experienced engineers in the Maldives. On this note, Hassan Mugunee has said the company will build electric cars as a Maldivian production.

Mugunee has said that the highest number of chemicals and gases which harm the environment are released by vehicles, and as such he wants to build environmentally friendly alternatives and market them in the Maldives.

The project to build electric cars was started considering the fact that the Maldives is a country that runs multiple environment-friendly projects and to introduce environmentally friendly vehicles which are safe for the roads in the Maldives.

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