{"id":84530,"date":"2019-01-01T17:04:52","date_gmt":"2019-01-02T00:04:52","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=84530"},"modified":"2019-01-01T17:05:21","modified_gmt":"2019-01-02T00:05:21","slug":"sino-lankan-joint-venture-cict-accounts-for-38-of-colombo-ports-volume","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2019\/01\/01\/sino-lankan-joint-venture-cict-accounts-for-38-of-colombo-ports-volume\/","title":{"rendered":"Sino-Lankan joint venture CICT accounts for 38% of Colombo port\u2019s volume"},"content":{"rendered":"

Courtesy NewsIn.Asia<\/em><\/h2>\n
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\u00a0 Colombo, January 1 (newsin.asia): Colombo International Container Terminals (CICT) has reported handling 2.65 million teus for the 12 months ending December 31, recording a 13 per cent increase in its annual throughput and contributing 38 per cent of the Port of Colombo\u2019s volumes in the year just concluded.<\/div>\n<\/div>\n
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Colombo International Container Terminals Ltd., (CICT<\/span>) is a joint venture Company between China Merchants Port Holdings Company Limited.(CMPH<\/a>)<\/strong>(formerly known as) China Merchants Holdings (International) Company Limited (CMHI) a listed blue chip company in the Hong Kong stock exchange and the Sri Lanka Ports Authority (SLPA). Under a 35 year Build Operate and Transfer Agreement with SLPA, Colombo\u2019s third container terminal with a 2.4 million teus capacity was constructed in the Port of Colombo, Sri Lanka, under the Colombo South Harbour expansion project. CMPH holds 85% of the partnership whilst the balance 15% is being held by SLPA.<\/p>\n

A significant factor in the achievement of 7 million TEUS by the Port of Colombo, CICT\u2019s performance helped the port increase its total throughput by 14%\u00a0in 2018, a noteworthy accomplishment in the region.<\/p>\n

\"Sino-Lankan<\/p>\n

Announcing the year\u2019s final volume, CICT said ULCCs (Ultra Large Container Carriers) of a size that only CICT is capable of handling, had contributed 70%\u00a0to the volumes the Terminal achieved for the year. CICT handles mega container vessels from all three major shipping line alliances. With the geographical coverage of these services and the high frequency of mainline liner service connections, CICT has helped the Port of Colombo to move up the Drewry\u2019s Port Connectivity Index to be ranked the 11th best connected port in the world.<\/p>\n

While our deep water capacity is one of the main factors driving growth, constant innovations and commitment to service excellence including facilities such as autogate, dual cycle operation, intelligent truck pooling and dispatch, a fully automated customer service kiosk, our unique mobile application and CICT e-billing have been game changers in the Port of Colombo,\u201d CICT CEO Jack Huang said.<\/p>\n

The combination of state-of-the-art infrastructure and equipment, efficiency and convenience enhancing features and the synergies developed through our parent company CMPort, has enabled CICT to generate incremental volumes for Colombo, which was the primary objective of the deep water terminal,\u201d he said. Additionally, the ability to access the CMPort global network enabled us to attract new transshipment volumes to the Port of Colombo.\u201d<\/p>\n

The concluded year has been a prolific one for CICT: besides being adjudged the Best Container Terminal in Asia in the Under 4 million TEUs at the Asian Freight, Logistics and Supply Chain (AFLAS) Awards for the second consecutive year, CICT also handled MV. Ever Golden, the first 20,000+ TEU vessel of Evergreen to call on Colombo, as well as the 14,000 TEU \u2018One Columba\u2019 \u2013 the first magenta color vessel to call on Colombo. The company was also responsible for salvaging the storm-ravaged \u2018MV Theseus\u2019 earlier in the year.<\/p>\n

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CICT recently also announced the addition of two new mega Quay Gantry Cranes (QGCs), six new Rubber-tyred Gantry Cranes (RTGs) and 12 Prime Movers to enable the handling of 22,000+ teu vessels and further develop the deepwater capacity of the Port of Colombo. This enhancement is planned for completion by March 2019.<\/p>\n

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. In early 2016, the company launched a US$ 10 million programme 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.<\/p>\n

CICT is the first and currently the only deep-water terminal in South Asia equipped with facilities to handle the largest vessels afloat. Since its inception in 2014, the terminal has incrementally grown the volume it has handled; from 686,639 TEUs in 2014, to 1,561,931 TEUs in 2015, 2,002,580 TEUs in 2016, and 2,388,506 TEUs in 2017.<\/p>\n

In its last four full years of operation, CICT has brought some of the largest vessels plying the Asia-Europe routes to Colombo. Of these, Milan Maersk (20,568 TEU), MSC Maya (19,224 TEU), Mogens Maersk (18,300 TEU), MSC New York (16,652 TEU), CMA CGM Marco Polo (16,020 TEU), Edith Maersk and EMC Thalassa Hellas (each 14,000 plus TEUs) and their sister vessels are now regular callers at CICT<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Courtesy NewsIn.Asia \u00a0 Colombo, January 1 (newsin.asia): Colombo International Container Terminals (CICT) has reported handling 2.65 million teus for the 12 months ending December 31, recording a 13 per cent increase in its annual throughput and contributing 38 per cent of the Port of Colombo\u2019s volumes in the year just concluded. Colombo International Container Terminals […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-84530","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/84530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=84530"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/84530\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=84530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=84530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=84530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}