Colombo Port Becomes World's Top Performer in Growth

 

The Port of Colombo has been named the best-performing port globally for the first quarter of 2024 by Alphaliner, a leading information platform for the liner shipping industry. This recognition is due to Colombo's impressive growth rate of 23.6%, outpacing all other ports worldwide. The Port of Long Beach in Los Angeles followed closely with a 23.3% growth rate, while the Port of Tanjung Pelepas secured third place with a 22.7% growth rate.

The first half of 2024 has been particularly noteworthy for the Port of Colombo. Compared to the same period in 2023, domestic volumes increased by 19.2%, transshipment volumes grew by 9.6%, and total volumes surged by 12.5%.

The Sri Lanka Ports Authority (SLPA) terminals have played a crucial role in this achievement. From January to June 2024, SLPA terminals recorded a 23.6% increase in domestic volumes, a 15.5% rise in transshipment volumes, and a total volume growth of 17.7%.

Strategically positioned as a key maritime hub in South Asia, the Port of Colombo features several main container terminals, including the Jaya Container Terminal (JCT), Colombo East Container Terminal (CECT), South Asia Gateway Terminal (SAGT), and Colombo International Container Terminal (CICT). These terminals collectively offer substantial capacity to handle increasing cargo volumes efficiently, with the JCT and CECT operated by the SLPA, and the SAGT and CICT operated by private entities. The advanced facilities and technology at these terminals ensure smooth and rapid cargo handling, making Colombo a preferred destination for major global shipping lines.