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Sri Lanka Navy Journal 63

Note: Number of ships has been counted excluding ‘Vessels other than ships’
E.g. Sailing Craft, Naval Vessels, Fishing Trawlers, Barges, Tugs, Yachts, Boats,
etc…
As a result, the government announced the intention of leasing Port of
Hambantota for 99 years. Many countries and international firms
presented their proposals and among them the proposal presented by
China was lucrative. In July 2017, the agreement was signed by the
Government of Sri Lanka (GoSL) with the government of Chinese
companies China Merchants Port Holdings (CMPort), Hambantota
International Port Group (HIPG), Hambantota International Port Services
Company (HIPS) and Sri Lanka Ports Authority (SLPA). The GoSL Ownes
30% of the stake while Chinese firms hold 70% stake in the joint
venture. Chinese firms had invested US$ 1.12bn to develop Hambantota
port and promote logistics services under the memorandum of
Understanding (MoU). CMPort led joint venture will have 1235 acres from
the port land to set up warehousing yard, dockyard for shipbuilding and
repairing yard as the third phase. This area will also consist of an LP gas
distribution facility, fertiliser manufacturing facility, vehicle assembling
plant, food processing and packaging facility, flour mill, cement grinding,
storage-packaging plant and storage-bagging facility. The third phase is
expected to be completed by 2023.
In addition, 15 000 acres tax-free special economic zone will be set up
with the support of the Chinese government covering areas in
Hambantota, Embilipitiya, Matara and Monaragala. However, countries
that are willing to invest also have the opportunity to commence business
operations. India, Japan and Singapore have expressed their interest in
investments
Methodology

This study is conducted based on the secondary data collected from journals,
reports and web sites. The secondary data is analysed through SWOT analysis.
It is a basic analysis tool utilised to develop strategies based on the capacities
and prospectors along with the challenges of an individual or business. This
study focuses on unleashing strengths, weaknesses, opportunities and threats
of Hambantota Port. These can be used to formulate a business strategy to
convert Hambantota Port commercially viable
SWOT Analysis

As stated above, SWOT analysis is a widely used analysis tool used to
formulate strategic decisions. Internal and external environment of Hambantota
Port is assessed using SWOT analysis. Internal perspectives focus on strengths
and weaknesses within the organisation and external perspectives will look at