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Mifra
Mifra
Jan 02 2025
55South Asia Gateway Terminals Ltd. (SAGT), Sri Lanka’s first public private partnership (PPP) and flagship venture of the Board of Investment (BOI), has reached a significant milestone yet again by achieving two million TEU in 2024.
In its 25-year history, SAGT has twice before 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.
“We are incredibly proud of this achievement, which reflects the commitment and hard work of our entire team,” said Romesh David, CEO of SAGT. “Our success in reaching a throughput of two million TEUs 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 SAGT plays in Sri Lanka’s maritime industry.”
SAGT’s achievement of two million TEUs highlights the expertise of Sri Lankan skilled and professional staff in tandem with the collaborative efforts of stakeholders like the Marine and other divisions of the Sri Lanka Ports Authority (SLPA), internal and external providers of trucking and lashing services, whose contributions have been exceptional. One of the key drivers behind SAGT’s success has been its focus on sustainability, safety, and digitization.
In addition to its sustainability efforts, SAGT has embraced digitalization and automation as part of its continuous improvement strategy.
The system will allow shippers, consignees, truck operators/drivers and other port users to manage container movements to and from the port and track container status via a mobile app, making the entire process more streamlined and reducing administration at the gates.
Moreover, SAGT also introduced a Digital Safety Management System, which integrates all safety-related tasks onto a single platform. The Company believes that this is the first time such an integrated system has been implemented in a container terminal globally, ensuring a more seamless and efficient approach to safety and safety management.
SAGT’s achievement of two million TEUs in a single year is a significant feat that defines the company’s journey. It also reflects the ongoing growth and development of the Port of Colombo, which is increasingly becoming a key transshipment hub in the region.
Source: Daily News
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