(UDHAYAM, COLOMBO) – Minister Arjuna Ranatunga stated that Colombo Port is the second fastest growing terminal port in the world, with an increment of 10.6 %. Shanghai is considered the busiest terminal port in the world.
“The political climate prevailing in the country today is very conducive for investment with good governance practices by the two ruling Major Political Parties. Therefore you could look into the possibilities to invest on commercial ports Colombo, Hambantota, Galle and Trincomalee,” he said.
“The Colombo Port handles 87% of the ships, 95% of the total tonnage and 100% containers coming to the island at present. The Colombo port has been elevated from the 26th Container Port in the world in 2015 to 23rd container port in the world in 2016 as per Alphaliner ranking by handling 5.7 million teus [a cargo capacity unit] and is the second highest growth container port in the world (10.6%),” he added.
He expressed these views at the ‘Africa and SIDS in the new world Maritime Economy’, a program conducted by the Crans Montana Forum, held from 16th to 21st March in Dakhla, Morocco.
