Box Trends

June 08, 2010 (LBO) – Cargo volumes at a Colombo port private terminal run by an associate firm of John Keells Holdings surged 22.3 percent in May to 175,514 twenty-foot equivalent container units (TEUs) from a year ago, latest data shows. SAGT is part of the transport business of the JKH conglomerate which has been making an increasing contribution to group profits in recent years.
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Container flows at the terminal as well as the port’s other terminals which are owned by government have been rising on the back of a recovery in trade with the end of global recession.

Container volumes at South Asia Gateway Terminals, a big contributor to JKH profits, are up 30.4 percent to 851,435 TEUs up to May this year from a year ago.

The containers handled in May were the second highest-ever monthly volumes at the private terminal, analysts said.

SAGT handled a record 181,991 containers in March 2010 as transshipment traffic, which accounts for two-thirds of the terminal’s business, rose sharply with the recovery in regional trade.

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