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Colombo with a record 7M TEU in 2018

The Sri Lankan hub handled the record-breaking container on 31st December 2018, from MSC’s CPO HAMBURG

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Colombo with a record 7M TEU in 2018

The achievement was marked at an event held at Sri Lanka Ports Authority’s (SLPA) Jaya Container Terminal (JCT), attended by Shipping Minister Sagala Rathnayake and Ports Secretary/SLPA Chairman Dr Parakrama Dissanayake. Officials from JCT and the other two terminals in the ports, South Asia Gateway Terminal (SAGT) and Colombo International Container Terminal (CICT) also attended.

 

Dr Dissanayake stressed that Colombo has come a long way in the past 23 years. It handled 1M TEU in 1995 and reached double millionaire status in 2004, rising to 4M TEU in 2010 and 5M TEU in 2015. This rose to 6M TEU in 2017, but the extra 1M TEU in 2918 was put on in just one year, with transshipment volumes up by 19.3%.

Sagala Rathnayake
Sagala Rathnayake
Dr Parakrama Dissanayake
Dr Parakrama Dissanayake

Dr Parakrama Dissanayake also stated that in moving forward the, present need to increase the capacity, change in the competition dynamics between the ports competing with the Port of Colombo, understand and act according to changes taking place within the shipping lines and the shipping industry should be strategically addressed in time.

 

Much of this is put down to the adoption of joint marketing by JCT, SAGT and CICT early in the year and, crucially, a berth-sharing agreement between them to reduce waiting times for vessels.

 

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