Sri Lanka’s Colombo port handles 6mn TEUs by December 2017

ECONOMYNEXT – Sri Lanka’s Colombo Port hand handled 6.0 million twenty foot equivalent unit (TEUs) up to December 22, with the help of privately run terminals, a media report said, showing growth over last year.

In 2016 Colombo’s volumes grew 10.6 percent to 5.734 million (TEUs) overtaking Bremen/Bremerhaven (5.535 mn) in Germany and Tanjung Prion (5.515mn) in Indonesia, according to a ranking of top 100 container ports by Lloyd’s List.

Recent growth was helped by joint venture terminal with China’s CM Ports group. Colombo-based John Keells Holdings runs another terminal.

"Deviating from the traditional competition, Sri Lanka Ports Authority controlled Jaya Container Terminal, privatly owned SAGT and CICT together have proven of a success story we can continue to make the Port of Colombo the hub port in the region," Ports Minister Mahinda Samarasinghe was quoted as saying by Sri Lanka’s The Island newspaper.

Sri Lanka’s new administration has failed to award a concession deal to a third terminal (East Termina), where top shipping firms bid, despite being in office for two years,

Sri Lanka Ports Authority Chairman Parakrama Dissanayake said the commencement of operations at the East Terminal can help increase volumes. (Colombo/Dec26/2017)

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