July 20, 2009 (LBO) – A Colombo port container terminal in which Sri Lanka’s John Keells Holdings has a big stake said its volumes hit a record monthly high in June 2009, although it was mostly low-margin transhipment traffic. “JKH management stated that it did not expect the loss of business from APL to significantly affect its profitability given it operates at near full capacity, while the APL contract (with SLPA) is likely to have been price sensitive.”
SAGT said in its statement that container volumes for the first six months of 2009, at 809,246 TEUs, were still 4.45 percent lower than that handled in the same period of 2008.
Overall volumes in Colombo port for the first half of 2009 have dropped by 9.67 percent to 1,620,758 TEUs from the same period last year. South Asia Gateway Terminals (SAGT) said in a statement it handled 156,122 TEUs (twenty-foot equivalent units or containers) in June 2009, its highest ever throughput in a single month, surpassing the previous high of 155,506 TEUs in September 2008.
The recovery in volumes came despite a continuing slump in trade and container traffic through Colombo port caused by the global recession, it said.
It was the second monthly rise in volumes of Sou