Rising Tide

The provisional figure is also an improvement over last years 145,000 TEU quote s, but short of the record 169,000 TEU handled in July, before the war risk surcharge was slapped on Sri Lanka bound ships.

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rnOfficials are confident that with the rise in productivity on the Jaya Terminal, the developments in SAGT and the recovery in some world markets would help bolster cargo handling rates above the 150,000 TEU average before the end of the year.rn

rnTotal cargo handled in Colombo, Trincomale and Galle added up to over 27 million in 2001, marginally lower from 27.5 million handed in 2000.rn

rnIndustry sources estimate this year quote s total cargo handling to reach similar levels as expectations of a notable recovery is expected towards the later part of the year.