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Cargo Flow

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.
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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.

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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.

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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.

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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

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