SLPA to Collect All Payments from Shipping Lines in US Dollars – Latest News

  • Expects US$100-200 million from move every year

The Sri Lanka Ports Authority (SLPA) has decided to collect all possible revenue through shipping, stevedoring and terminal revenue from shipping lines in US Dollars instead of Sri Lankan Rupees from June 1, 2022, Ports and Shipping Minister Pramitha Bandara Tennakoon said.

He said the SLPA for the past decades has been collecting these revenues in Sri Lankan rupees.

“We expect to earn $100-200 million a year from this process once it begins,” the minister said.
In a meeting with Minister Tennakoon, the heads of the Ceylon Shipping Agents Association (CASA) and the Sri Lanka Ship Operators Association (SLAVO) also agreed to carry out
this offer.

The minister also said that there are three terminals at Colombo Port and two private terminals are already implementing this and earning US dollar revenue. He said state-owned terminals will also implement this starting June 1.

The Minister indicated that this process only applies to shipping companies and related services.