July 07, 2010 (LBO) – Container volume growth at a Colombo port private terminal run by an associate firm of John Keells Holdings slowed down sharply in June after surging in previous months, latest data shows. South Asia Gateway Terminals, a big contributor to JKH profits, handled 158,652 TEUs or twenty-foot equivalent container units (TEUs) in June 2010, up just 1.6 percent from a year ago.
Analysts said it was the terminal’s lowest monthly container volume handled so far this year and the slowest monthly growth compared with the previous year since October 2009.
But container volumes handled in the six months to June 2010 were up almost 25 percent to 1,010,087 TEUs compared with the same period in 2009.
Cargo volumes at Colombo port terminals, including the state-run terminals, have been recovering fast this year from a slump last year caused by global recession.
But the port suffered problems in June caused by a break down in trucking boxes between terminals and bad weather that delayed ships and slowed down cargo operations.
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