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Colombo first half volume up 19.8pc in transshipments to 2.7m TEU

THE Port of Colombo posted a 19.8 per cent year-on-year first half increase in transshipment containers to 2,733,906 TEU, according to statistics released by the Sri Lanka Ports Authority (SLPA).

The state-owned Jaya Container Terminal (JCT) of SLPA saw the highest first half growth of 20.6 per cent year on year to 935,848 TEU.

Overall, Colombo expects to hit the seven million TEU by the end this year, Sri Lanka Ports Authority said in a statement.

SLPA has signed an MOU with the terminals of the Colombo Port that include the state-owned JCT, the South Asia Gateway Terminals (SAGT) and the Colombo International Container Terminals (CICT) to work collectively to promote the port.

Said SLPA chairman Parakrama Dissanayake: "On the Asia to Europe sector there are 17 loops of which only three are calling Colombo.

"We have got challenges to ensure that collectively we should attract more loops into the Port of Colombo. This means we have to go beyond the partisan approach of promoting our terminals to protect the Port of Colombo," he said.

Dr Dissanayake also said terminals compete with each other but also co-operate, moving between competition and co-operation.

According to internationally recognised global ranking indexes, Colombo is the world's 23rd best container port and the 13th best connectivity port, reports Lanka Business Online.

Source: Schednet

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