Sri Lanka, May 1 -- Jaya Container Terminal

The Sri Lanka Ports Authority (SLPA) yesterday announced it achieved a record 48 percent Year-on-Year (YoY) increase in container volumes in the first quarter (1Q24).

The numbers increased from 441,032 TEUs to 652, 766 TEUs. This increase can be attributed to various factors, including the Red Sea crisis and its wider implications, the SLPA said.

SLPA's transshipment volume for the initial three months of this year reached 582,403 TEUs, reflecting a growth of 49.81 percent compared to the same period last year.

This increase contributed to the overall rise in Port of Colombo's (POC) total transshipment volume, which reached 1,729,314 TEUs for the first three months of this year, representing...