News / Transhipment boom at port of Colombo fades as the competition grows

Photo: Sri Lanka Ports Authority

The unusually strong transhipment cargo gains by Sri Lanka’s Colombo port this year, driven by Red Sea-linked vessel diversions, seem to be ebbing.

The port saw a 6% year-on-year drop in transhipment volumes in July following the 5% decline reported for June, according to the latest data.

Still, Colombo ended H1 24 with a 9.6% rise in transhipment cargo handling, seeing double-digit percentage upswings from January through April.

“The port is poised to become a ...