SRI Lanka's South Asia Gateway Terminals Ltd (SAGT) says it has reached a significant milestone yet again by achieving two million TEU in 2024.
In its 25-year history, the sagt has twice reached the two million mark in 2018 and 2019, but this is the first time post-pandemic and Sri Lanka's economic crisis, highlighting the company's resilience and operational strength.
The SAGT is Sri Lanka's first public private partnership (PPP) and flagship venture of the Board of Investment (BOI), reports Sri Lanka's Daily Financial Times.
SAGT CEO Romesh David said: 'Our success in reaching a throughput of two million TEU for the third time in a terminal with an original design capacity of 1.1 million TEU is a testament to the innovation and continuing investment the company has made in people, technology, and equipment in the midst of a challenging external environment and reinforces the leadership role the SAGT plays in Sri Lanka's maritime industry.'
A throughput of two million TEU per annum, ranks the SAGT among the best of the best terminals in the world on the productivity indicator of TEU per hectare of yard, reinforcing the SAGT's leadership in the region and greatly supporting the growth momentum and global standing of the Port of Colombo as a major transshipment hub.
Looking to the future, the SAGT said it is continuing to innovate with upcoming projects that will further boost its operational capabilities. The installation of optical character recognition (OCR) technology at the gate and quayside is set to streamline container processing and improve efficiency even further.
SeaNews Turkey
In its 25-year history, the sagt has twice reached the two million mark in 2018 and 2019, but this is the first time post-pandemic and Sri Lanka's economic crisis, highlighting the company's resilience and operational strength.
The SAGT is Sri Lanka's first public private partnership (PPP) and flagship venture of the Board of Investment (BOI), reports Sri Lanka's Daily Financial Times.
SAGT CEO Romesh David said: 'Our success in reaching a throughput of two million TEU for the third time in a terminal with an original design capacity of 1.1 million TEU is a testament to the innovation and continuing investment the company has made in people, technology, and equipment in the midst of a challenging external environment and reinforces the leadership role the SAGT plays in Sri Lanka's maritime industry.'
A throughput of two million TEU per annum, ranks the SAGT among the best of the best terminals in the world on the productivity indicator of TEU per hectare of yard, reinforcing the SAGT's leadership in the region and greatly supporting the growth momentum and global standing of the Port of Colombo as a major transshipment hub.
Looking to the future, the SAGT said it is continuing to innovate with upcoming projects that will further boost its operational capabilities. The installation of optical character recognition (OCR) technology at the gate and quayside is set to streamline container processing and improve efficiency even further.
SeaNews Turkey