Terminal Tales

Dec 07, 2010 (LBO) - Container volumes at Sri Lanka's South Asia Gateway Terminals (SAGT), a private transhipment facility in Colombo port, fell to a yearly low in November, latest statistics show.



The private terminal has become a key source of profits for JKH in recent years, along with a bunker fuel unit in Colombo port.

Container volumes handled by the state-run Sri Lanka Ports Authority terminals have also been rising this year.

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Volumes at SLPA hit a record two million in the 11 months to November 2010, up 26.5 percent from a year ago, a statement said.

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Total containers handled by the port of Colombo would reach four million before the end of the year, also a new high, the SLPA said. However, container volumes handled by the terminal in the 11 months to November were still up 14.

6 percent to 1,826,303 TEUs (Twenty-foot Equivalent container Units) from a year ago.

SAGT, in which Sri Lanka's John Keells Holdings group has a 42 percent stake, said box volumes in November 2010 were down marginally to 152,828 TEUs from a year ago and down 12 percent compared with the previous month.

SAGT handled a record volume of 1.

7 million TEU in2009 and while cargo has been growing this