World Bank/S&P Ranks Colombo as ‘Most Efficient Port In South Asia’ | Daily News

World Bank/S&P Ranks Colombo as ‘Most Efficient Port In South Asia’

The Port of Colombo has been ranked as the most efficient port in South Asia and the Indian Sub-Continent, third in the Indian Ocean rim and 22nd among 370 ports globally, in the second edition of the Global Container Port Performance Index (CPPI) 2021, ranking developed by the World Bank and S&P Global Market Intelligence and Financial Services.

Sri Lanka Ports Authority (SLPA) Chairman Dr. Prasantha Jayamanna stated that “The World Bank/S&P Administrative (subjective/expert) and Statistical rankings of Colombo among the top 7% of the ports in the world and the best in South Asia, is a testament to the Port’s position as the primary transhipment hub in South Asia.”

“In addition to the valuable contribution made by our own JCT, the ranking acknowledges the significant role played by our partner terminals, Colombo International Container Terminal (CICT) and South Asia Gateway Terminals (SAGT), who together have made the port what it is today”.

Dr. Jayamanna went on to say that “Given SLPA’s role as Regulator and facilitator of port development of Sri Lanka, it is important to record that the Port of Colombo will continue to develop ahead of projected demand and towards this, construction has already begun on two new deep water terminals, the East Container Terminal (ECT) by the SLPA and the West Container Terminal (WCT), by a consortium led by Adani Ports and including John Keells Holdings. These developments will progressively add over 7 million TEU of throughput capacity over the next 2-5 years.”

CICT Chief Executive Officer Jack Huang, said “CICT has won multiple accolades for exceptional performance over the past five years and we continue to offer our customers who are the world’s leading container shipping lines, a best in class service for their transhipment and gateway requirements.”

SAGT Chief Executive Officer Romesh David, a consortium led by John Keells Holdings and the AP Moller Maersk Group said, “SAGT has played a catalyzing role in launching and contributing to maintaining Colombo’s global standing as the preeminent transhipment hub in the region.”

The Port of Colombo recorded an all-time high throughput of 7.25 million TEUs in 2021 and continues its growth story, recording a year on year growth of 2% for the first 5 months of 2022 ending in May.

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