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Sri Lanka Seeking to Catch Singapore With China: Freight Markets

Sri Lanka aims to create an Asian shipping hub capable of competing against Singapore and Dubai by pouring $3.4 billion into expanding ports with Chinese help, after the island’s container volumes surged to a record.

President Mahinda Rajapaksa’s goal of capitalizing on the end of a 26-year civil war to build a trade gateway to emerging markets makes shares in John Keells Holdings Plc and Aitken Spence & Co. Plc a buy, says NDB Aviva Wealth Management Ltd. Port revenue may almost triple to 72 billion rupees ($658 million) in 2015 from 2010, Standard Chartered Plc estimates.