Nov 10, 2010 (LBO) – South Asia Gateway Terminals (SAGT), an associate of Sri Lankan conglomerate John Keells Holdings, said volumes rose 17 percent in October to 173,528 containers from a year ago. SAGT is 42.2 percent owned by JKH and has been contributing a big chunk of the conglomerate’s profits in recent years, along with its ship fuel business. It was the terminal’s third highest ever monthly throughput, a statement said.
The number of twenty-foot container equivalent units handled by SAGT up to October this year is up 16 percent to 1,673,475 from the previous year.
Cargo traffic in Colombo port is recovering after a slump caused by global recession.