Home Business & Finance Port of Colombo transshipment volumes increase by 19.8 %

Port of Colombo transshipment volumes increase by 19.8 %

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Minister of Ports and Shipping Mahinda Samarasinghe and the Chairman of Sri Lanka Ports Authority (SLPA) Dr.Parakrama Dissanayake on a special inspection visit at the Jaya Container Terminal (JCT) of SLPA.

Establishing a record  in transshipment operations  the Port of Colombo has witnessed  the highest  growth of 19.8% in  transshipment  container throughput  for the first half in 2018 as against the corresponding period in  2017. During the first half of 2018, the Port of Colombo handled 2,733,906 TEUs of transshipment containers as against 2,281,636 TEUs handled in the corresponding period in 2017.

 The state owned Jaya Container Terminal (JCT) of Sri Lanka Ports Authority (SLPA), also witnessed the highest growth of 20.6% in transshipment container throughput for the first half in 2018 as against the corresponding period in 2017. During the first half of 2018, the transshipment volume handled by Jaya Container Terminal (JCT) reached  935,848 TEUs compared to  776,002 TEUs handled for the same  period in 2017.

The Port of Colombo  expects to reach the  7 million TEU  target by the end this year. Meanwhile Sri Lanka Ports Authority (SLPA)  has signed a Memorandum of Understanding (MOU)  with the terminals of the Port of Colombo that include the state owned Jaya Container Terminal (JCT), the South Asia Gateway Terminals (SAGT) and the Colombo International Container Terminals (CICT)  to operate collectively to promote the Port of Colombo.

 According to Chairman of SLPA Dr.Parakrama Dissanayake the terminals would compete with each other but would also co-operate with each other moving between competition and co-operation.  “On the Asia to Europe sector there are 17 loops of which only 03 are calling Colombo. Therefore, obviously, 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,” the Chairman added.

Meanwhile according to internationally recognized global ranking indexes, the Port of Colombo is positioned as the world’s 23rd best container port and the 13th best connectivity port in the world at present.

An exclusive three year plan  was introduced to develop the entire port sector to establish  Sri Lanka as the most preferred maritime gateway to South Asia, after Minister Mahinda Samarasinghe assumed  office as the Minister of Ports and Shipping.