SAGT surpasses epic 2 million TEU milestone again in 2024
View(s):South 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, in a media release. “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. Noteworthy is that a throughput of 2 million TEU per annum, ranks SAGT among the best of the best terminals in the world on the productivity indicator of TEU per Hectare of Yard, reinforcing SAGT’s leadership in the region and greatly supporting the growth momentum and global standing of the Port of Colombo as a major transhipment hub.
One of the key drivers behind SAGT’s success has been its focus on sustainability, safety, and digitisation. The terminal has made great strides in reducing its environmental impact, aligning with the goals leading to the International Maritime Organisation’s (IMO) 2050 net-zero target. These efforts are complemented by ongoing sustainability initiatives such as the exploration of green hydrogen technology and solar energy solutions, further positioning SAGT as an environmentally responsible leader in the maritime industry.
In addition to its sustainability efforts, SAGT has embraced digitalisation and automation as part of its continuous improvement strategy. The imminent introduction of a Vehicle Booking System (VBS) for trucks will further improve operational efficiency by optimising truck turnaround times, which are even today at globally competitive levels, and help to reduce congestion within port as a whole through better planning of truck traffic. 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.
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