Port of Colombo in Sri Lanka, container terminals ensure normal services despite the crisis

ECONOMYNEXT – Sri Lanka’s container terminal in the port of Colombo and an association of shipping agencies said uninterrupted services were offered to shipping companies, with electricity and fuel provided by the authorities.

The Sri Lanka Ports Authority, Colombo International Container Terminals, South Asia Gateway Terminals and the Ceylon Association of Steamer Agents said in a joint statement that operations were proceeding normally.

The group assured the global shipping community that conventional container and service operations were “carried out without interruption and at normal and expected levels in the Port of Colombo, despite the economic and political crisis situation in the country.”

The port has “received and is assured of an uninterrupted supply of electricity and fuel to maintain the required demand,” the statement said.

Inter-terminal trucking between terminals and transportation for logistics services become prioritized for empty and loaded inland containers, but no transshipment connections are missed.

“The clearance of import and export shipments is progressing at desired levels despite delays in the clearance of some import shipments due to a shortage of foreign currency,” the statement said.

Port unions also recognised: the vital importance of the sector to the economic sustenance and recovery of the country,” the statement read.

In the first four months of 2022, container volumes increased by 100,356 twenty-foot equivalents or 4.3% and transshipment increased by 92,099 or 5% compared to a year ago.

Sri Lanka is facing the worst currency crisis in the history of the country’s loosely pegged central bank, which has the worst balance sheet in South Asia. He has
(Colombo/May 25/2022)

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