A new oil pump pipe line system has been built connecting the pier with other facilities for oil transportation.
With this latest project, extra berthing facilities will be provided for the oil tankers reaching Colombo for bunkering purposes,†it said.
The shortage of berths for tankers has been a critical issue the shipping community had been complaining about and had held back the expansion of the ship fuel market.
The extra berth will reduce delays in loading and unloading oil tankers, and eventually reduce costs.
The SLPA said it hopes the new facilities will boost bunkering business at Colombo port and improve foreign exchange earnings.
It said it was building two new oil storage tanks at the Colombo port ‘oil bank’ to boost capacity in order to improve bunkering