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Saturday, February 15, 2025
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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

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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.

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