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2008 March 12   06:22

Hemas enters maritime business with Far Shipping Lines Singapore

Far Shipping Lanka Private Limited, a wholly owned subsidiary of Hemas Holdings Plc has been appointed as the Exclusive Shipping Agent for Far Shipping Lines (FSL), Singapore and an agreement was signed recently in Singapore by both parties to enhance their operations in Sri Lanka. Maintaining a presence in Colombo since 2002 and currently operating four services, FSL remains the only feeder from the top common carrier operators which maintains all services exclusively to the port of Colombo.
Far Shipping launched its operations in 2002 with a mission to provide a reliable common carrier feeder service to the main liners operating in the Indian subcontinent.
The company FSL initially launched feeder services linking transshipment ports in Singapore and the Port of Colombo with the Indian Sub-Continent. It subsequently expanded its network and now offers services connecting the Indian Sub-Continent and Arabian Gulf with transshipment ports in the Colombo Port.
Managing Director, Far Shipping Lines, Yu Yong Jung said that FSL’s plans for Colombo are long term. “Our aim is to build customer confidence over a period of time by establishing regular and reliable service patterns. FSL has maintained services to areas where other operators have not maintained consistent services, thereby earning a reputation as the most savvy common carrier operators to certain ISC ports. FSL connects these ports to Colombo exclusively contributing to its Transshipment volume".
Head of Shipping at Hemas, Irshad Musheen said, “The Group's determination to have a maritime presence is supported by a fundamental philosophy to explore and discover new business horizons. This further demonstrates the Group's desire to support the Colombo Port's status of a Hub Port for South Asia through the involvement of the feeder business. Hemas will facilitate FSL in Colombo and look at supporting it in every way to enhance FSL services in Colombo".
Musheen also welcomed FSLs’ commitment to Colombo and said that Hemas would build its maritime strategy around the vision of the port of Colombo. "Hemas will also look at Hambantota as the 'port of the future' and look at business avenues in this green field project.”
He added that Galle and the Oluvil port development project are also other areas where the private sector anticipates considerable activity.       
Director Hemas Holdings and Head of Transportation Imtiaz Esufally sees this as a move in the right direction for Hemas and is upbeat on the maritime potential in Sri Lanka.
“We look forward to working with the Sri Lanka Ports Authority in achieving the full maritime potential Sri Lanka has to offer” he said adding that Hemas would be looking at investing in several areas in the maritime industry in the near future
Hemas Holdings Ltd is one of Sri Lanka's top conglomerates with a focus on five key sectors - FMCG, Healthcare, Transportation, Leisure and Strategic Investments.

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