Sri Lanka, April 25 -- Transshipment volumes at the Port of Colombo experienced a decline in the first quarter of 2025 compared to the same period last year.
For the first three months ending March 2025 (1Q25), transshipment volumes fell by 6.3 percent year-on-year (YoY), totalling 1.53 million twenty-foot equivalent units (TEUs), down from 1.64 million TEUs in 1Q 2024. This marks a stark contrast to the robust growth the port experienced during the first and latter parts of 2024, when it benefited from the diversions caused by the disruptions in the Red Sea.
The mainline shipping lines earlier this year pulled some of their services out of Colombo amidst heavy congestion, and those services were yet to return to the Port of Colombo. O...
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