Sri Lanka Ports Authority cruises to growth in 2023

Sri Lanka Ports Authority cruises to growth in 2023

Import restrictions further relaxed

Source : ft

The Sri Lanka Ports Authority (SLPA) had notable development in 2023, which is a result of its effectiveness and strategic alliances. It has handled 1,965,128 TEUs overall in 2023, a 2% increase over the 1,925,895 TEUs handled by SLPA in 2022.

The SLPA anticipates positive growth in container operations, despite a percentage drop in global container volumes in 2022. SLPA is optimistic that the present growth rates will persist with the expected improvement in import and export activities in the global market and the gradual recovery of the country’s economy. 

In 2023, the Port of Colombo (POC) operated 6,951,003 TEUs, marking a 1.17% growth compared to the 6,862,184 TEUs handled in 2022.

The recent growth at the SLPA can be attributed to increased efficiency levels at its terminals that include the Jaya Container Terminal (JCT) and the East Container Terminal (ECT) and their ability to attract new services, establishing connections with new Terminal Services Agreements (TSA) with shipping lines.

SLPA expressed confidence in attracting more services at its terminals. This confidence will be reinforced by the successful completion of constructions at the East Container Terminal (ECT) and the JCT-V project in near future. SLPA also extends appreciation to all the stake holders including shipping lines, both Main Line Operators & Feeder Operators and especially the management and employees of SLPA who had done a yeoman service during the period. 

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