Transshipment Volumes Decrease at Colombo Port Due to Congestion

News Today: Transshipment Volumes Decrease at Colombo Port Due to Congestion

Congestion at Colombo Port since May has led to a decline in transshipment volumes, causing some services to reroute to avoid delays. In June, transshipment volumes decreased by 5.1% year-on-year (YoY) to 516,742 TEUs. The number of container ships calling at the port also fell by 20.1% YoY in June. The port yard, operating beyond full capacity, has seen inter-terminal delays extend cargo clearance from one week to up to 21 days. Despite a 9.6% YoY increase in overall transshipment volumes to 3.19 million TEUs in the first half of the year, June’s overall container throughput at the port declined by 0.9% YoY to 634,854 TEUs. Import container volumes rose by 28.9% YoY to 44,609 TEUs, and export container volumes increased by 4.5% YoY to 22,089 TEUs. Restowing volumes surged by 58.5% YoY to 21,908 TEUs.