Sri Lanka, July 10 -- Several world's leading container shipping lines - including Maersk, CMA CGM, MSC and COSCO - have shown interest in acquiring a stake in Sri Lanka's East Container Terminal (ECT) or Hambantota International Port, according to industry sources.
The interest follows a report by the US trade publication Journal of Commerce (JOC), which said MSC was in advanced talks with China Merchants Port Holdings (CMPort) and Sri Lankan authorities to acquire a significant stake in Hambantota International Port.
JOC's report, citing multiple unnamed industry sources, said CMPort currently holds an 85 percent stake in Hambantota International Port Group (HIPG), with the Sri Lanka Ports Authority (SLPA) retaining the remaining 15 pe...