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Colombo the most efficient port in South Asia

The Port of Colombo has been ranked as the most efficient port in South Asia and the Indian Sub-Continent, third in the Indian Ocean rim and 22nd among 370 ports globally, in the second edition of the Global Container Port Performance Index (CPPI) 2021, ranking developed by the World Bank and S&P Global Market Intelligence and Financial Services.

  • No. 1 in South Asia/Indian Sub-Continent
  • No. 3 among ports in the Indian Ocean Rim
  • No. 22 among 370 ports globally

The Port of Colombo recorded an all-time high throughput of 7.25 million TEUs in 2021 and continues its growth story, recording year-on-year growth of 2% for the first five months of 2022 ending in May. 

The present terminals in the Port offer almost 4,500 m of quay with depths ranging from 12-18 m, are served by 47 Ship-To-Shore Cranes, and over 130Ha of yard space. The SLPA, in addition to its role as Regulator and Landlord also holds a 15% equity stake in the two private terminals, CICT and SAGT.

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Nobel Peace Prize Auctioned!

Russian journalist Dmitry Muratov has been auctioned off for his Nobel Prize. The Nobel Peace Prize he auctioned sold for a record $ 103.5 million. Journalist Dmitry Muratov said all proceeds from the sale will be donated to help refugees from the war in Ukraine.

Muratov was awarded the 2021 Nobel Peace Prize for defending Russia’s freedom of expression. The Nobel Peace Prize, which was to be auctioned off by Russian journalist Dmitry Muratov to raise money for Ukrainian child refugees, has sold for $ 103.5 million (84 84.5 million), breaking the previous record for the Nobel Prize. He won last year’s Nobel Peace Prize with Maria Rezza, co-founder of an Internet news website in the Philippines.

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Gossip

A floating city in the Maldives!

Just 10 minutes by boat from the Maldivian capital, Male, a floating city large enough to accommodate 20,000 people is under construction. The reason for this is the risk to the Maldives due to the rapid rise in sea level.

Designed in the shape of a brain-shaped coral reef, the city has 5,000 floating units, including homes, restaurants, shops, and schools, including canals. The first units will be unveiled this month, with residents starting to move in early 2024 and the entire city is expected to be completed by 2027.

This project is a joint venture between the Government of the Maldives and another joint venture. The city was built as a practical solution to the harsh reality of sea-level rise.

The Maldives, an archipelago of 1,190 low-lying islands, is one of the world’s most vulnerable to climate change. 80% of its land area is less than a meter above sea level, and by the end of the century, levels are forecast to rise to one meter, thus flooding almost the entire country. But if a city floats, it can rise with the sea. The founder of Waterstudio, the architecture firm that designed the city, told foreign media that this was a “new hope” for more than half a million people in the Maldives.

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Gossip

KGF 2 is the highest-grossing movie of the year so far!

Indian media reports that KGF 2, RRR, The Kashmir Files, Vikram, and Bhul Bhulia 2 are the highest-grossing films of 2022 so far.

Halfway through 2022, and this year, as in the past two years, the Covid epidemic has delayed filming, despite spending huge sums. However, in January, unexpectedly, South Indian films began to be shown, and the five films managed to break box office records. These films are still on the box office list. South Indian films have managed to break box office records more than Bollywood films.

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