World Bank and S&P rank Colombo Port as the most efficient port in South Asia

 

World Bank and S&P rank Colombo Port as the most efficient port in South Asia 

According to the World Bank, S&P Global Market Intelligence and Recognized Financial Services Update CPPI (Global Port Performance Index) Second Edition 2021 Ranked 22nd Out of 370 Ports in the World, 3rd in the Indian Ocean region and the Indian Ocean region The Port of Colombo is also rated as the most efficient port.

This data is contained in the Second Edition 2021 of the CPPI (Container Port Performance Index), released in collaboration with S&P Global Marketing Intelligence's Maritime, Trade and Supply Chain Unit and the World Bank's Global Transport Activities. The authors give a brief overview of the factors that contributed to this ranking:

"What is the impact on a country's ports and terminals as well as container operations when the prices of all essential goods and services have gone up in such a time of crisis, when the shipping process is delayed, the supply process is hampered, additional costs are increased and competition is reduced? ? Although ports are centralized in the global value chain, one of its main challenges is to equate different levels of ports, Less ability to motivate their growth based on fitness and corporate sustainability.

Commenting on this, the Chairman of the Sri Lanka Ports Authority, Dr. Prasantha Jayamanne said, “The Port of Colombo is ranked as the Central Port and Best Port in South Asia by the World Bank and S&P, according to a statistic of 7% of the best ports in the world. have. In addition to the role of the Sri Lanka Ports Authority's Container Terminal, the Colombo International Container Terminal (CICT) and the South Asia Gateway Terminal (SAGT) have also made significant contributions in this regard. ”

“As the Regulator and Facilitator of Port Development in Sri Lanka, it should be specially mentioned that all development projects of the Port are being carried out continuously. Accordingly, the Eastern Container Terminal (ECT) being developed under the Sri Lanka Ports Authority and the Western Container Terminal (WTC) being developed by John Keells Holdings, a subsidiary of Adani India, will have a total container handling capacity of the Port of Colombo over the next 2-5 years. 07 will cross the line. ” The Chairman also stated as follows.

Jack Hung - CEO - Colombo International Container Terminal, Member, China Merchant Group (CICT) . Similarly, the CICT terminal has been able to achieve several successes over the past five years due to its diversified operational capabilities.At the same time, we look forward to continuing this growth and providing our customers with the highest level of service for their re-exports to the best shipping services in the world. ”

Romesh David, CEO, South Asia Gateway Terminal (SAGT) (affiliated with John Keells Holdings and AP Moller Mersk Group) - Commenting: Also, the ever-updating components and machinery have contributed to the SAGT Terminal's portability over the past 22 years, strengthening its confidence in the Port of Colombo and enabling it to provide a better service to the Port of Colombo.

The Port of Colombo has shown a maximum handling capacity of 7.25 million containers in the year 2021, further expanding by 2% in the first five months of 2022 compared to the same period last year.

At present the Port of Colombo has facilities of 4.500 m at the terminal edge, depth 12 to 18 m at the terminal edge, 47 cranes at the terminal edge and 130 ha of port terminal space. 

In addition to the role of owner and controller of the Colombo Port of the Sri Lanka Ports Authority, it also owns 15% of the CICT and SAGT terminals.

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