Box Business

Apr 27, 2010 (LBO) – Colombo port container volumes rose 27 percent in the first quarter of 2010 from last year and also exceeded throughput in the same 2008 period before recession hit global trade, the Sri Lanka Ports Authority said. “I firmly believe that our service is the major order qualifying and the order winning criteria and the shippers have placed great confidence in it. Our business is very competitive and in competitive business there is no time for complacency.”

The number of containers or Twenty-foot Equivalent Units (TEUs) handled by Colombo in the January-March 2010 period was 993,166 compared with 779,604 TEUs last year, the SLPA said in a statement.

In 2009 container volumes handled by the port, south Asia’s transshipment hub, fell 12 percent to 779,604 from 887,278 TEUs in 2008 as global recession reduce trade and cargo flows.

The SLPA said the month of March 2010 also marked the highest ever monthly container throughput handled by Colombo port.

The port handled a record volume of 360,801 TEUs in March this year, an increase of 21.1 percent compared to 297,911 TEUs in the same month a year ago.

“With the ever highest monthly container throughput being recorded for March this year, the Port o