COLOMBO: The Sri Lanka Ports Authority (SLPA), which operates the island’s state-run ports, has recorded a total growth of 15.3% for the first quarter 2018, with Colombo Port growing at 16.2 per cent during the same period and Trincomalee and Galle Ports posting profits.
The SLPA had made a profit of Rs. 13.3 billion during 2017, up 130 per cent compared to Rs. 1.03 billion a year ago. The SLPA posted revenue of Rs. 45.6 billion in 2017.
Meanwhile, according to Seatrade Maritime News, the SLPA continues to make inroads into the transhipment market, improving five places to 13th in the Drewry Port Connectivity Index in the fourth quarter of 2017.
In the process, Sri Lanka’s main port also became the port with the best connectivity in South Asia.
For its dedicated efforts to raise the global position of the Port of Colombo, SLPA was awarded the Ports Authority of the Year Award by the Global Ports Forum (GPF) in 2018.
SLPA has also prepared a three-year development plan to expedite Sri Lanka’s port sector development process to further increase container volumes.
