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Sri Lanka’s Colombo Port records increase in transshipment volumes and containers handled in the port

Sri Lanka’s Colombo Port records increase in transshipment volumes and containers handled in the port

Sri Lanka Ports Authority (SLPA) has reportedly announced that the Colombo Port has handled 564,155 containers in January 2018, which is an increase of 16.4 percent from a year earlier, with transshipment volumes rising by 20.4 percent to 436,3030 twenty foot equivalent units (TEUs).
The Sri Lanka Ports Authority has said its Jaya Container Terminal (JCT) had transshipped 164,252 TEUS, soaring 43.7 percent from 114,282 last year.
Media reports states that SLPA terminals had handled 194,688 TEUs in January up from 156,010 a year earlier.
China International Container Terminals, operated by CM Ports group and South Asia Gateway Terminals owned by Colombo listed John Keells group operate the other two terminals.
The SLPA has stated that Colombo had seen 388 ship calls in January 2018, up 8.1 percent from 339 last year.
There were 332 container ships, up 9.2 percent from 304 last year.
The Authority has been quoted as stating that container operations at Jaya Container Terminal has increased 5.3 percent in October, 8.2 percent in November and 13.9 percent in December.
SLPA has reportedly said Chairman Parakrama Dissanayake had improved labour relations and improved productivity.

OSL take:

The increase in transshipments as well as the number of containers handled by the Colombo Port is a positive sign for the Port, which is being groomed to becoming a hub port in the Indian Ocean region. The government of Sri Lanka has paid special attention to develop the Colombo Port and has already started to liberalize the maritime transport industry. These are indications of the growing opportunities in Sri Lanka’s maritime industry.

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Article Code : VBS/AT/20180222/Z_6

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