The completion of the final stage of the new China Merchants-funded Colombo International Container Terminal (CICT) in Sri Lanka could have dramatic implications for container throughput at the South Asia island nation. With the opening of the new terminals, the route between Chittagong, Singapore and Colombo can be rationalised – currently a lot of traffic is feedered from Chittagong to Singapore and then transhipped onto larger vessels on the westbound Asia-Europe services, The Loadstar recently reported.
The new terminal will also alleviate the growing levels of congestion at the port. Those ambitions have hitherto partly been frustrated by a lack of capacity at Colombo, and a lack of deep sea terminal capacity in India – the opening of DP World’s International Container Transhipment Terminal (ICTT) at the southern Indian port of Vallarpadam was supposed to change that, but has failed to attract significant volumes, the website added.
Read the full article at: http://theloadstar.co.uk/new-colombo-terminal-porvide-boost-regional-trade/