United States Virginia change
Sri Lanka Breaking News
Sri Lanka parliament
vivalankaSri Lanka newsSri Lanka businessSri Lanka sportsSri Lanka technologySri Lanka travelSri Lanka videosSri Lanka eventssinhala newstamil newsSri Lanka business directory
vivalanka advertising
Stay Connected
Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

Carriers Getting Bigger

Jul 9, 2011 3:28:49 PM - thesundayleader.lk

Dr. Parakrama Dissanayake

The need to have ports that are able to accommodate bigger container carriers was stressed by a ports and shipping specialist.
Dr. Parakrama Dissanayake, Chairman/CEO Aitken Spence Maritime Ltd., speaking at the Sri Lanka Economic summit on Tuesday said that from 8,500 twenty foot equivalent units of container (TEU) carriers, there now have emerged the 13,000 TEU ones for which a draft of 18 metres is required.  Colombo has that required draft, but now there are the bigger 22,000 TEU carriers which are also being built, he said.
The 13,000 TEU carriers will be on stream in 2014 which will be followed by the 18,000 TEU carriers.
Dissanayake said that 85% of the container traffic that pass through Colombo are those that come into and out of India. Of the Indian container traffic, 44% of those go direct to India, next comes Colombo (17.36%), Singapore and Salalah (15.12% each) and Port Klang (8%).
Dissanayake said that 83% of ship containers were carried by the 25 top carriers, while the top 10 carriers carried 57% of the world’s global container cargo last year. “So you are talking about 10-25 shipping lines,” he said.
Dissanayake further said that the top 10 global ports handled some 318 million TEUs. Among those Hutch Ports came out tops with 75 million TEUs, while Port of Singapore handled 61 million TEUs and DP World (50 million TEUs).
Colombo handled some 4.2 million TEUs last year and plans to up it to 4.5 million TEUs this year.
He also said that Indian ports are going global under the nomenclature Indian Ports Global for which a seed capital of US$ 555 million has been provided.