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Sri Lanka Equity Forum » Stock Market Talk » Port of Colombo Ranked World’s No.01 Highest Growth Port in the First Half of 2018 – Alphaliner September 10 2018

Port of Colombo Ranked World’s No.01 Highest Growth Port in the First Half of 2018 – Alphaliner September 10 2018

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ruwan326

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Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The Port of Colombo is  ranked as  world’s No.01 container growth port among the top 30 container ports for the 1st half of 2018. In container handling Port of Colombo has  recorded a 15.6% growth for the 1st half  of  2018 over same period last year according to Alphaliner Monthly 2018. It is also a very significant achievement as it is the first time in history the Port of Colombo reaches the top of a global maritime ranking.  With this growth, Port of Colombo has leaped ahead many other Asian Ports, Major European Ports and Dubai as well.
According to Alphaliner global port rankings the top container growth  ports such as Singapore marked 11.6% ranking number two,  Guangzhou 8.6% number three, Antwerp (Belgium) 8.3% number four and Port of Xiamen – (China)  7.6% number five.
The Alphaliner that makes the analysis  is the first-choice knowledge base used by many port authorities terminal operators, logistics companies, shippers, research companies and banks and other financial institutions.
Recently the three terminal operators at the Port of Colombo; the Jaya Container Terminal (JCT) under SLPA, the South Asia Gateway Terminal (SAGT) and the Colombo International Container Terminal (CICT) reached into a Memorandum of Understanding (MOU) to operate collectively to promote the Port of Colombo. Under the new collective agreement, it is expected to minimize the total turnaround time of all container vessels. Further, through the new agreement, terminals will also be able to promote the Port of Colombo collectively and collaboratively in the arena of international maritime business.
Under the leadership of Hon. Minister of Ports and shipping Mahinda Samarasinghe, and instructions by the Chairman of Sri Lanka Ports Authority (SLPA) Dr. Parakrama Dissanayake the positive increase at SLPA controlled terminals and especially the Jaya Container Terminal (JCT) is reasoned towards direct and straight forward decisions .The recognition of credibility towards the management has encouraged the employees of SLPA to dedicatedly contribute towards efficient service along with collaborative support by all parties and stakeholders engaged in the port operations to keep SLPA’s productivity at a steadily and sustainably increasing rate. Creating history, the Port of Colombo for the first time has recorded 6.2 million container operations in year 2017.
The Drewry Port Connectivity Index at its most recent release had ranked the Port of Colombo as the 13th best Connectivity Port in the world for the 4th quarter 2017, up by 05 places from its previous positioning of ranks. According to the rankings the Port of Colombo is also the top best connectivity port in South Asia.
For its dedicated performance to up lift the position of the Port of Colombo in the world maritime map, Sri Lanka Ports Authority (SLPA) was awarded the Ports Authority of the Year Award by the Global Ports Forum (GPF) in 2018.

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