Port Finance International Events - covering global port developments

Search site

RSS
Wednesday, 09 May 2018

ONE Service Comes to Sri Lanka’s Port of Colombo

Ocean Network Express (ONE) has introduced its new EC5 route calling at the Port of Colombo, Sri Lanka.

ONE, formed by a recent merger of Japanese carriers K Line, MOL and NYK, launched its new EC5 service on April 23, 2018, at the South Asia Gateway Terminal (SAGT) at the Port of Colombo — Sri Lanka's first private terminal.

SAGT opened in 1999.

A consortium of local and global companies own the terminal, including APM Terminals, which holds a 33% share.

It has seen almost continuous year-on-year volume growth and achieved a container throughput of 1.8 million TEUs in 2017.

ONE’s EC5 service will link Asia to the East Coast of North America, with calls at Laem Chabang, Thailand; Cai Mep, Vietnam; Singapore and Colombo before crossing the Atlantic via the Suez Canal, calling Halifax, Canada; and New York, Savannah, Jacksonville and Norfolk in the US, before returning eastbound with stops at Halifax; Jebel Ali, UAE, and Singapore.

The Port of Colombo, with a combined throughput of 6.2 million TEUs in 2017, has risen to a ranking of 23rd worldwide.

It is a major transhipment port for India, Bangladesh and domestic cargoes, as well as for cargoes in transit from Southeast Asian ports to Europe and North America.

Transhipment represents 75% of Colombo’s overall container handling traffic.

May 4, 2018 by Port Technology

ABOUT US

Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

Follow us

Newsletter

Sign up for our free newsletter