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Sri Lanka aims to create an Asian
Shipping hub capable of competing against Singapore and Dubai by pouring $3.4 billion into expanding ports with Chinese help, after the island’s container volumes surged to a record.
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Monday 1 August 2011
The effects of the Japanese earthquake and deteriorating freight rates in the container sector have continued to blight the performance of the country’s three biggest deepsea shipping lines, with NYK, MOL and K Line all posting fiscal first-quarter losses.
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