Jaya Spun Off

The new company will be known as Jaya Container Terminals Ltd and will be managed by a board of nine directors appointed by the Shipping Minister.

rnrnAccording to shipping analysts, Jaya Terminal would stand to lose large volumes of container handling to the private sector managed South Asia Gateway Terminal (SAGT), if it continued under the present bureaucratic structure.

rnrnldblquote Jaya terminal
quote s productivity was some times less than 20 moves per hour. Time factor is the main concern for ships calling on Colombo and in few months it would have lost its volumes to more efficient SAGT
dblquote , an analyst said.

rnrnHowever, due to new efforts to convince the workforce to improve productivity, Jaya Terminal achieved 60 moves per hour productivity last week.

rnrnThe new company, even though still owned by the state, would have considerable autonomy to adopt a management structure in line with its private sector counterpart.

rnrnAccording to analysts, formation of Jaya Terminal into a publi