Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Sri Lanka’s Colombo port eyes 10% rise in box throughput in 2016

byCT Report
21/04/2016
in Latest News
Share on FacebookShare on Twitter

COLOMBO: Sri Lanka port is eyeing a 10% rise in container throughput in 2016 over the previous year, relying heavily on transhipment cargoes, according to Tissa Wickramasinghe, general manager of commercial and marketing at Colombo International Container Terminals.

“Colombo port is mainly a transhipment hub with 80% of throughput coming from transhipment,” Wickramasinghe told delegates at the TOC Asia conference held as part of the Singapore Maritime Week 2016.

You might also like

FBR to launch faceless tax audit system

13/06/2026

FBR bans PDF financial statements for companies

13/06/2026

“In 2013-14, Colombo port’s throughput grew by 15%. In 2014-15 volumes were up by 6% and this year we expect a 10% increase,” he said. In 2015, the port moved around 5.1m teu.

The Sri Lanka Ports Authority (SLPA) is currently looking to grow its container handling volumes by developing the East Terminal, which is scheduled to come on stream by April 2017.

According to Asian Development Bank, which supported the port upgrade project with a $300 million loan, made a bold projection that Colombo port will handle 10m teu by 2020.

While box throughput is on the rise, Wickramasinghe raised concerns over the increasing size of containerships, going as big as 18,000 teu that would put pressure on port infrastructure in catering to these mega-ships.

“From the terminal operator perspective, there is a huge impact from these mega-ships. Every shipping line wants the same weekly berthing window during the week, and that is the biggest worry on our part,” he said.

The deepwater port of Colombo has allowed it to accommodate 18,000-teu containerships, contributing to its climbing throughput but at the same time giving rise to issues of adequately allocating berthing slots.

 

 

Related Stories

FBR to launch faceless tax audit system

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) is set to introduce a faceless audit and assessment system across all four...

FBR bans PDF financial statements for companies

byCT Report
13/06/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a major shift toward digital tax administration through the Finance Bill...

SBP unveils first-ever research agenda for 2026-2029

byCT Report
13/06/2026

KARACHI: The State Bank of Pakistan (SBP) has launched its inaugural Research Agenda for 2026-2029, outlining key research priorities aimed...

Pakistan empowers custom courts to freeze assets in illegal fund transfer trials

byCT Report
13/06/2026

ISLAMABAD: The Pakistani government has introduced a major legislative amendment through the Finance Bill, 2026, granting Special Judges the authority...

Next Post

GWC net profit up 15% to QR46.5m

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.