Sri Lanka: Colombo Port on Right Track
- Business & Finance
Colombo will go up to the 21st position from 32 in the Top 50 World Container Ports list this year with the new berths of the Colombo International Container Terminals (CICT) coming into operation.
The completion of the CICT final stage will have dramatic effects for container throughput at the South Asia island nation with an annual capacity of 2.5 million teu being added to the Colombo shipping hub. At present, the Colombo throughput is at 4.26 million teu and with the CICT addition of 2.5 million, the total would be around 6.8 million teu.
According to the World Shipping Council top 50 container ports, Port Bremen/Bremerhaven in Germany is in the 21st position with a volume of 6.12 million teu and Xiamen Port in China is in the 20th position with 7.20 million teu.
The new CICT terminals, developed over three stages, opened the third phase of its facility recently in the reclaimed south area of Colombo port.
The terminal began operations last year.
Press Release, June 10, 2014