Laugfs Terminals marks 100th ship call | Sunday Observer

Laugfs Terminals marks 100th ship call

20 September, 2020

Laugfs Terminals Ltd. marked the 100th ship call, for loading of LP Gas at its all weather LP Gas Storage and Transhipment Terminal Complex at the Hambantota International Port last week.

This facility is operated by Laugfs Terminals Ltd., a fully owned subsidiary of Laugfs Gas PLC. The installed cargo capacity of this terminal complex is 30,000 m/t, which can achieve 1,000,000 m/t of LP Gas per annum as transshipment, by way of import, storage, mixing of elements of Propane and Butane and exports to identified markets.

The call of the 100th ship at the terminal complex through Hambantota International Port is a landmark event in the country since it denotes the beginning of creating an ‘Energy–Hub’ around the port in addition to it being a ‘Maritime-Hub’ in the short to medium term with increased ship calls for trading and transhipment purposes.

Laugfs Terminals took only 14 months to achieve this important feat which is significant when compared against the general gestation periods for infrastructure projects of this nature and also from the point of view of the energy trading projects globally that will usually take at least 24 months to reach optimum levels of operations.

At present, the terminal records an average of 15–20 ship calls per month and it will soon be increased to 30 ship calls per month and it will be a situation where at least one ship will either be loading or unloading LPG cargo at the terminals everyday.