Colombo port transshipment volumes decline for second consecutive month in August – Business News
Transshipment container volumes at the Colombo port fell for the second consecutive month in August, after nearly touching pre-pandemic levels in the first half of the year, data from the Sri Lanka Ports Authority showed ( SLPA).
In August, transshipment volumes handled by the port decreased 7.9% year-on-year (YoY) to 492,955 TEUs, adding to the 4.1% year-on-year decline recorded in July.
Container handling at the Colombo International Container Terminal (CICT) operated by China Merchant Port (CMPort) Holdings fell 7.2% year-on-year to about 245,000 TEUs in August, according to the company.
In the first eight months of the year, transshipment container throughput at Colombo Port grew 2.8% year-on-year, reaching 3.85 million TEUs.
The port’s inland container throughput also declined 5.6 percent year-on-year to 92,726 TEUs in August.
However, replenishment volumes increased 9.3% year-on-year to 15,889 TEUs in the month.
As a result, the port’s overall container throughput declined 7.2 percent year-on-year to 601,570 TEUs in August.
Meanwhile, sea traffic at Sri Lanka’s ports registered a marginal 6.1% year-on-year decline in August. Cargo handled by the country’s ports fell 3.4% year-on-year to 5.1 million metric tons (MT) during the month.
However, the Port of Hambantota, managed by CMPort, recorded 20.3% year-on-year growth in cargo handling (excluding vehicle volumes) during the month. During the eight-month period, the port handled 1.16 million tonnes of cargo, registering 104% year-on-year growth.
The cumulative volumes of cargo handled by the country’s ports over the eight-month period also increased nearly 10% year-on-year to 73.76 million tonnes. (NF)