Transshipment at Colombo Port up by 20.4 per cent
to impose trade tariff. Over $5 billion worth of Afghan trade will be conducted through the Chabahar Port once the International North-south Transport Corridor becomes operational. Trade between Pakistan and Afghanistan has dropped by $2 billion in the current fiscal. Bilateral trade currently stands at around $500 million. Cargo handling capacity of the Port of Colombo has increased significantly showing continuous growth in the container handling operations since the fourth quarter of 2017. Against 362,451 teu transshipment operations in January 2017, together with the JCT, SAGT and CICT, the Colombo Port has recorded 436,303teu transshipment operations for the month of January this year marking a competitive increase of 20.4 per cent.
Sri Lanka Ports Authority controlled Jaya Container Terminal (JCT) which recorded 114,282 teu transshipment operations in January 2017, has recorded 164,252 teu transshipment operations in January this year marking an increase of 43.7 per cent.