P&O Unit Reports Rise In Container Traffic

Friday, September 08, 2000
Peninsular and Oriental Steam Navigation Co.'s Sri Lanka unit reported a sharp increase in container handling in its first year of operation to August 2000.

"In just 12 months, productivity levels have doubled and South Asia Gateway Terminal Pvt Ltd (SAGT) has handled 261,787 20-foot equivalent units.... a 40,682 teu increase over the year before period," SAGT said.

"... (the group) is well on course to achieving its ambitious target through an effective mix of international and local management expertise." SAGT is 52.5 percent owned by units of Britain's P&O and Sri Lankan conglomerate John Keells Holdings Ltd.

SAGT last September took possession of the Colombo port's Queen Elizabeth Quay in a $240 million deal for a new breakwater. It also agreed to build a new passenger terminal.

The group plans to raise annual handling capacity to 1.1 million containers in 2003. The Colombo port is largely seen as a transshipment hub for South Asia with a capacity to handle some 1.6 million containers a year, which is expected to rise to 3.5 million by 2005. But container traffic at the Colombo port run by the Sri Lanka Ports Authority has been stagnant due to increased competition from other ports in the region.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Education/Training

MPHRP's Welfare Responder Training in Manila

Few people are as devoted to seafarers’ wellbeing as MPHRP’s partners, which include the members of the International Seafarers Welfare and Assistance Network

NYK Line Hosts Fleet Safety Conference

NYK says it has hosted a safety promotion conference for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture.

Resolve Maritime Academy's New Wet Trainer Facility

Resolve Maritime Academy informed it has started building a new, two-story wet trainer, larger and more expansive than its original, the L/V Gray Manatee. “We

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2270 sec (4 req/sec)