Prudential Shipping by MendisOne, joins forces with Pace Marine, India to enhance maritime operations at the Hambantota International Port to commence Ship-to-Ship (STS) transfer operations.
STS transfer operations involve the direct transfer of cargo, such as oil, liquefied petroleum gas (LPG), liquefied natural gas (LNG), and other bulk commodities, between two seafaring vessels. This operation has gained traction due to its potential to optimise port resources, reduce congestion, and minimise transportation costs.
Unlike traditional port loading and unloading, STS operations offer a more flexible and efficient alternative, enabling vessels to exchange goods without the need to enter a port. As such, STS operations can be especially advantageous for large vessels that may struggle to navigate small or congested ports.
By enabling direct vessel-to-vessel cargo transfers, the Hambantota International Port can attract more shipping traffic, bolster its revenue streams, and contribute significantly to the economic development of the region.
STS operations need specialised equipment, highly skilled personnel, and adherence to stringent safety and environmental IMO regulations. Prudential Shipping brings with it a plethora of assets to cater to the distinctive requirements of the venture.
The introduction of STS operations at the Hambantota International Port marks a milestone in the Group’s journey.
