Cargo Trends

Dec 21, 2010 (LBO) – Colombo port volumes hit a new record of four million containers Tuesday supported by strong growth in both transshipment and import-export cargo, the Sri Lanka Ports Authority (SLPA) said in a statement. The number of twenty-foot equivalent units (TEUs) of containers handled by the port is up 20 percent so far this year from a year ago.

It is also up 11 percent compared with the total of 3.68 million TEUs done in 2008, the highest-ever performance by the port before recession hit global trade.

SLPA managing director Nihal Keppetipola said efficiency improvements and removal of security restrictions with the end of a war had helped increase cargo volumes and reinforce Colombo’s status as south Asia’s hub port.

The number of import-export containers handed by Colombo is up 25 percent this year compared with last year while transshipment cargo has increased by 18 percent, the SLPA said.

The state-run Jaya Container Terminal (JCT) handling its highest-ever monthly volume of 201,217 TEUs in August this year.

Keppetipola said a new computerised terminal operating system at the JCT costing 800 million rupees helped integrate all terminal operation and plan and optimize rapid movement o