Tuesday, 04 June 2024 13:31

Colombo Port’s transshipment growth slows to single digits in April Featured

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In April, the Port of Colombo saw its transshipment volume growth slowing down to single digits, after experiencing double-digit growth rates in the past four months, backed by the disruptions in the Red Sea, caused by Yemen’s Houthi rebels.

In the month, the transshipment volumes handled by the port grew by 8.1 percent year-on-year (YoY) to 525,936 twenty-foot equivalent units (TEUs), recording the lowest growth rate since November last year.

However, the overall container throughput at the Port of Colombo grew by 10.2 percent YoY to 626,926 TEUs, with rising imports.

In April, the import container (laden) volumes were up by 22.7 percent YoY to 36,457 TEUs, while the export container (laden) volumes rose by 6.6 percent YoY to 21,816 TEUs.

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