Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
“The construction and installation works on the West Container Terminal
(WCT-1) at the Port of Colombo is progressing well,” Krishan Balendra, chairman
of JKH told shareholders in an interim report of the group. “The first batch of quay and yard cranes
arrived in September 2024, following which the commissioning is expected to be
completed by the third quarter of 2024/25.”
The first phase of the terminal will start operations in the fourth
quarter of 2024/2025, he said.
JKH already runs South Asia Gateway Terminals, in Colombo Port.
“Profitability at SAGT recorded an increase driven by a growth in
volumes and an improvement in the mix,” he said.
“Volume growth was on account of increases in both domestic and
transshipment volumes.”
Lanka Marine Serivice, which
sells bunkers also saw higher profits “on account of significant growth in
volumes during the quarter on the back of increased demand from continued
disruptions in the Red Sea, and higher margins.”
The Red Sea disruptions which forced ships to travel around Africa, has
led to more containers being discharged in Colombo to be taken by feeders to
several Middle Eastern ports.
