ECONOMYNEXT – Sri Lanka’s Colombo port handled seven million twenty foot equivalent container units (TEUs) in 2018, a new high and up 13.2 percent from a year ago, Sri Lanka Ports Authority (SLPA) said.
By December 30 Colombo port had handled 7,027,300 containers, up from 6,209,000 in 2017.
Colombo had been the fastest growing major container port in the world in the first half of 2018, clocking up 15.6 percent growth.
The seven millionth TEU was brought by MV CPO Hamburg of the MSC Line, a statement said.
By the end of this year the transshipment volumes of the Port of Colombo has increased by 19.3 percent, Secretary of the Ministry of Ports, Shipping and Southern Development and the Chairman of SLPA Parakrama Dissanayake said.
The one million TEU increase took only a year compared with longer periods earlier, he told a ceremony to mark the occasion.
The Port of Colombo handled 7 million containers with joint marketing strategies by three terminals, Jaya Container Terminal (JCT), the South Asia Gateway Terminal (SAGT), and the Colombo International Container Terminal (CICT).
Minister of Ports, Shipping and Southern Development Sagala Rathnayake, speaking on the occasion, said that helping to establish democracy was absolutely essential to help industries like shipping to grow.
“If there is no confidence in judiciary and if there is no confidence in the institutions, these industries cannot grow as then there would be no confidence in the country,” he said.
He said the present government was working on a comprehensive marketing policy for the entire shipping industry of Sri Lanka.