website hit counter
Monday, April 21, 2025
Monday, April 21, 2025

HomeBusinessSLPA Terminals Record All-Time High of 2.41 Million TEUs in 2024 Amid...

SLPA Terminals Record All-Time High of 2.41 Million TEUs in 2024 Amid Competitive Conditions

SLPA Terminals Record All-Time High of 2.41 Million TEUs in 2024 Amid Competitive Conditions

spot_img

In 2024, the terminals of the Sri Lanka Ports Authority (SLPA) reached 2.41 million TEUs, achieving their highest recovery amidst competition. The Sri Lanka Ports Authority alone has awarded 2,413,012 TEUs, highlighting its important role in the port’s operations despite ongoing construction at both terminals. The Port of Colombo, together with other terminals, has strengthened its position as a major maritime hub in the Indian Ocean, supporting trade and regional economic growth, reaching a historic milestone with a total throughput of 7,782,776 twenty-foot equivalent units (TEUs). South Asia Gateway Terminals (SAGT) handled 2,018,739 TEUs, while Colombo International Container Terminal (CICT) led the way with 3,351,025 TEUs, cementing its position as the top terminal with full deepwater facilities at the Port of Colombo.

This record performance coincides with ongoing infrastructure development aimed at increasing the port’s capacity. The Colombo East Container Terminal (CECT), which is currently partially operational, has already increased the port’s operational capacity. The terminal is expected to be fully operational later this year, providing a significant boost to efficiency. Furthermore, the newly constructed Colombo West International Terminal (CWIT) is scheduled to commence its first phase of operations during the same period, providing additional capacity to meet growing demand.

The 2024 data shows significant year-on-year improvement compared to 2023, with all major terminals, including SLPA, SAGT, and CICT, contributing to the port’s strong performance. Improved resource utilization and operational efficiency across these terminals has strengthened the port’s position as a major transshipment hub for Asia, Africa, and Europe.

Latest articles

Pope Francis dies, Vatican says

Pope Francis, the first Latin American leader of the Roman Catholic Church, has died,...

“Who Is Protecting the Masterminds?” – 6 Urgent Points from Cardinal Ranjith at Easter Attack Memorial

Colombo Archbishop His Eminence Malcolm Cardinal Ranjith today (21 April) renewed his call for...

Massive fire breaks out during the shooting of Dhanush’s ‘Idli Kadai’

A massive fire broke out during the shooting of Dhanush's upcoming film 'Idli Kadai'....

Israeli army finds ‘professional failures’ in killing of Gaza medics

The Israeli army said on Sunday that a review of the killing of emergency...

More like this

Profit-booking pushes gold to all-time high

Gold fell on Thursday as investors booked profits after gold hit an all-time high...

EPF announces 11% interest after assets rise to Rs 4.38 trillion in 2024

The Employees' Provident Fund (EPF) consolidated its position as the leading institution in the...

People’s Bank Introduces Affinity Credit Card for Bandaranayake College OBA

People’s Bank has proudly unveiled a new Affinity Credit Card in partnership with the...