Colombo International Container Terminals (CICT) has reported a throughput of two million teus for the 12 months ending December 31, 2016, achieving impressive YoY growth of 28 per cent in volume.
This has enabled the Port of Colombo to register overall incremental growth in the three consecutive years since CICT came into operation, company sources said.
Announcing the milestone achievement, CICT said ULCCs (Ultra Large Container Carriers) and VLCCs (Very large Container Carriers), many of a size that only the Colombo South Terminal is capable of handling, contributed 70 percent to the volumes it achieved last year.
“The overall growth achieved by the Port of Colombo bears out the rationale for CICT’s successful operation,” CICT CEO Ray Ren said.
“We are delighted with the new business CICT has attracted to the Port of Colombo in 2016, and proud of our contribution to the overall growth achieved by the Port.”
CICT General Manager, Commercial and Marketing Tissa Wickramasinghe said, “It must be emphasised that this historic achievement of two million teus was made possible mainly by the synergies developed through our parent company China Merchants Port Holdings (CMPH).”
“The ability to access the CMPH global network was the key factor in gaining and attracting new transhipment volumes to the Port .
With the introduction of new services and new shipping lines, CICT has set the trend for the Port to stave off international competition for the highly sensitive and volatile transhipment cargo, in a depleted global shipping market,” he said.
The incremental volume handled by CICT was one of the contributors to the overall throughput of the Port growing by an estimated 11 percent last year, a company official said. CICT is the first and currently the only deep water terminal in South Asia equipped with facilities to handle the largest vessels afloat.
In 2015, its first full year of operation, CICT 2015 handled 1.561 million teus, with the ULCC and VLCC segments making a 67% contribution to this volume.
The benefit of these mega carriers calling at the port cascades down to the other terminals and reinforces Colombo’s status as a major transhipment hub, he said.
Besides its significant contributions to the growth of the Port of Colombo in volume terms, CICT is also responsible for several firsts in service innovation and eco-friendly operations.
Early last year, the company launched a US$ 10 million program to convert its fleet of diesel operated rubber-tyred-gantry cranes to electricity driven rubber-tyred gantry cranes (E-RTGs) which have zero carbon emissions.
Over the past two years, CICT has brought some of the largest vessels plying the Asia-Europe routes to Colombo. Of these, MSC Maya at 19,224 TEU the world’s largest container vessel, the MV Mogens Maersk (18,300 TEU), MSC New York (16,652 TEU), CMA CGM Marco Polo (16,020 TEU), YML YM Wondrous, Edith Maersk and EMC Thalassa Hellas (each 14,000 plus TEUs) and their sister vessels are now regular callers at CICT.