Terminal Tales

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.
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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.
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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.

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Cargo traffic in Colombo port is recovering after a slump caused by global recession.

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