Colombo Port to Double Capacity by 2026 Amid Regional Competition 📈

The Colombo Port is set to reach a capacity of 15 million TEUs by the end of 2026, yet the Central Bank of Sri Lanka (CBSL) warns that geographical advantage alone is no longer a guarantee of dominance as regional rivals expand. • Key Performance Metrics (Jan-Oct 2025): Total Container Volumes: 6.92 million TEUs (+7.1% YoY) — the highest in history. Transhipment Volumes: 5.52 million TEUs (+5.1% YoY), accounting for nearly 80% of total throughput. Recovery: Activity rebounded from May 2025 following the commencement of the Colombo West International Terminal (CWIT) operations. • Sector Strategic Insights: Transhipment Hub: Remains the core of maritime services, but requires urgent digitalization, automation, and private sector-led investment to remain competitive. Hambantota Port: Showing significant growth in container handling and a recovery in vehicle handling following the relaxation of domestic import restrictions. Infrastructure: Expansion projects at Colombo East Container Terminal (ECT) and CWIT are critical for long-term economic growth and employment. • Future Outlook: CBSL emphasizes that "mere reliance" on location is insufficient. Success depends on streamlining regulatory processes, enhancing multimodal connectivity, and fostering alliances with global shipping networks. Regional ports in Galle, Kankesanthurai, and Trincomalee remain integral to the broader maritime strategy. _Data based on CBSL Infrastructure Report (Provisional 2025 figures)._