Box Trends

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

May 16, 2011 (LBO) – Container cargo at Sri Lanka’s main port of Colombo, south Asia transhipment hub, rose in the first quarter of this year indicating continued growth in regional and domestic trade. Ship traffic at Colombo port rose eight percent to 376 in March 2011 from a year and grew 4.3 percent to 1,053 in the January – March period. Total containers handled by Colombo rose 8.4 percent in the first quarter of 2011 to 1,076,540 TEUs (twenty-foot equivalent container units) from a year with the number of boxes handled in March alone up 2.4 percent to 369,604 boxes. The number of domestic containers handled grew 8.3 percent in the first quarter of 2011 from a year ago to 249,500 TEUs and was up 1.4 percent in March, central bank statistics showed.