Sri Lanka Considers Joint Venture for ECT as Shipping Companies Express Interest, Says Minister

Sri Lanka is currently seeking collaborations with shipping companies to enhance the capabilities of the East Container Terminal (ECT), which is managed by the state-owned Sri Lanka Ports Authority (SLPA). According to Port Minister Anura Karunathilaka, at least five prominent international shipping lines have shown interest in forming a partnership.

The ECT represents a significant deep-water project located within the Port of Colombo. It aims to increase the transshipment capacity of one of South Asia’s busiest maritime centers, specifically designed to accommodate Ultra-Large Container Vessels (ULCVs).

During a media briefing on Saturday, Minister Karunathilaka stated, “We are considering a partnership with shipping lines. Already, 5 to 6 lines have expressed their interest.” He mentioned that the government plans to issue a call for expressions of interest following cabinet approval, with the goal of finalizing arrangements in the first half of the upcoming year.

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Once fully developed, the ECT will feature a quay wall length of 1,320 meters (approximately 4,330 feet) and a water depth of 18 to 20 meters. Initial operations at the terminal commenced with a 450-meter quay and a stacking yard that spans about 260,000 square meters.

Upon completion of all construction phases, the ECT is expected to handle between 2.4 million and 3 million TEUs (Twenty-Foot Equivalent Units) annually, thereby significantly increasing the Port of Colombo’s overall capacity beyond 7 million TEUs.

The investment required for the development of the ECT is projected to be between $500 million and $600 million. To facilitate high-density automated operations, the terminal will be outfitted with cutting-edge equipment, including 12 Ship-to-Shore (STS) Super-Post-Panamax quay cranes that can service mega-vessels up to 24 containers wide, as well as 40 Automated Rail-Mounted Gantry (ARMG) cranes for effective management of the container yard.

Strategically located along a key Indian Ocean shipping route that sees over $1 trillion in global trade each year, the ECT aims to meet the rising regional demand for deep-water berths suitable for vessels carrying between 18,000 and 22,000 TEUs.

Transshipment traffic constitutes approximately 75% to 80% of the total cargo handled at the Port of Colombo, with cargo originating from or destined for India accounting for more than 70% of these operations. This makes the ECT a vital component of the logistics framework for trade in South Asia.