Connect with us
Anglostratits

Business

CICT Ranked Among Top 15 Container Terminals Worldwide

Published

on

CICT Colombo Port

CICT Ranked Among Top 15 Container Terminals Worldwide by the Container Port Performance Index 2021

The World Bank Group and S&P Global Market Intelligence have ranked the Port of Colombo as the No.1 Port in South Asia and Indian Subcontinent, for efficiency, in The Container Port Performance Index 2021. Contributing towards 44% of container volumes moving through the Port of Colombo in 2021, Colombo International Container Terminals Limited (CICT), which manages the South Terminal of the Port of Colombo, has worked hard to support the Port of Colombo to achieve this global recognition. In addition to being ranked No.1 in South Asia, the Port of Colombo has also been ranked No.3 among ports in the Indian Ocean Rim and No.22 among 370 seaports worldwide. Managed by the China Merchants Port Group (CMPort), CICT is the first deep water container terminal in Sri Lanka and is also the only terminal in the South Asian region capable of handling 22,000+ TEU vessels.

Commenting on the achievement, Jack Huang- Chief Executive Officer at CICT said, “From our inception, we have been dedicated to realizing optimum efficiency and achieving our KPIs. We have done this through extensive investments into infrastructure, process automation, crew training and standardization. As the largest contributor to container volumes at the Port of Colombo, we take this opportunity to express our congratulations to the Port of Colombo and renew our resolve to achieve new heights in terms of efficiency, volumes and overall productivity. We look forward to continuing to support the Port of Colombo to retain its No.1 status regionally, and rise even further in the global rankings.”

CICT has invested in state-of-the-art equipment and infrastructure to support the operations of the Port of Colombo. Presently, CICT operates 14 quay cranes (two of which are capable of handling 22,000+ TEU vessels), 46 rubber-tyred gantry (RTG) cranes and 105 trucks during its normal operations. CICT’s dedication to efficiency and service excellence is reflected in CICT achieving a GCR of 30.34 which is much higher than the global average. The Organization has also consistently won a number of awards presented by the AFLAS Logistics and Cargo Awards, the premier awarding body for the global shipping and logistics industry.  CICT, which mainly handles larger vessels at the Port of Colombo, has also been instrumental in helping the Port of Colombo secure the No.13 position amongst ports capable of handling volumes larger than 13,500 TEUs, worldwide with a GCR of 29 moves per hour whilst the global GCR is only 23.8 moves per hour.

Colombo International Container Terminals Limited (CICT), which is managed by China Merchants Port Group (CMPort), is responsible for the management of the South Terminal of the Port of Colombo, the first deep water terminal in South Asia, equipped with all facilities to handle the largest vessels afloat. Since its inception in 2014, the terminal has incrementally grown the volumes it handles; from 686,639 TEUs in 2014 to 3.2 million TEUs in 2021. Earlier in the year, CICT was also the recipient of the Most Efficient Terminal Award at the Global Ports Forum Awards 2022. As one of the major stakeholders operating within the Port of Colombo, CICT remains committed to ensuring efficient operations and breaking new records as the operator of the South Terminal of the Port of Colombo.

More News

Energy

Seychelles Targets Energy Investment Push as Minister Jérémie Joins African Energy Week (AEW) 2026 as a Speaker

Published

on

African Energy Chamber

Seychelles energy minister will speak at AEW 2026, positioning her to highlight reforms, renewable projects and investment opportunities as the island nation advances its transition toward a diversified energy system

CAPE TOWN, South Africa, April 29, 2026/APO Group/ –Marie-May Jérémie, Minister of Environment, Climate, Energy and Natural Resources for Seychelles will participate as a speaker at this year’s African Energy Week (AEW) 2026, taking place from October 12–16 in Cape Town. Her participation underscores the country’s growing role in shaping Africa’s small-island energy transition agenda.

Minister Jérémie’s presence at AEW 2026 comes at a critical time as Seychelles accelerates efforts to reduce its heavy reliance on imported fossil fuels. The event provides a platform to attract investment, strengthen policy alignment and showcase bankable projects, positioning the country as a viable destination for private-sector participation in island energy systems.

Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments

In May last year, international finance institution the World Bank approved the Renewable Energy Acceleration Program, a seven-year initiative aimed at modernizing the grid and increasing renewable energy penetration to 15% by 2030. The program focuses on unlocking private capital while strengthening transmission infrastructure to accommodate variable renewable energy sources.

Project development is gaining traction in the country, particularly in innovative technologies suited to Seychelles’ land constraints. The 5.8 MW Seysun Lagoon floating solar PV project, developed by independent renewable power producer Qair, is under construction and expected online in 2026.

Alongside renewables, Seychelles continues to pursue upstream opportunities to diversify its economy. The government approved new exploration entrants in 2025 and extended exiting petroleum agreements, while securing an infrastructure partnership with China. Multilateral estimates suggest over $800 million in investment will be required over the next 25 years.

Regulatory reform is central to this transition, with Seychelles introducing an independent power producer framework to open the market to private developers. Standardized power purchase agreements, grid access reforms and strengthened public-private partnership structures are being implemented to improve transparency, reduce risk and accelerate project bankability across solar, storage and emerging wind opportunities.

“Minister Jérémie’s participation highlights the strategic importance of island nations in Africa’s broader energy transition,” says NJ Ayuk, Executive Chairman, African Energy Chamber. “Seychelles is demonstrating how policy reform and innovation can unlock investment in constrained environments. Her insights will be critical to advancing dialogue on resilient, low-carbon energy systems across the continent.”

Distributed by APO Group on behalf of African Energy Chamber.

Continue Reading

Business

Canada–Africa Financing Forum to Convene Investors and Decision-Makers in Cape Town – May 14, 2026

Published

on

Ateau Zola

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships

TORONTO, Canada, April 29, 2026/APO Group/ –The Canada–Africa Chamber of Business (https://CanadaAfrica.ca) will convene investors, financiers, policymakers, and industry leaders in Cape Town on May 14, 2026 for the Canada–Africa Financing Forum—a high-level platform focused on unlocking capital and accelerating deal flow across African markets.

Registration is open (http://apo-opa.co/4vZN6oV)

This timely Forum comes on the heels of commitments announced by Canadian Prime Minister Mark Carney, deepening Canada–Africa commercial ties and expanding investment partnerships. The program connects leaders from venture capital, private equity, and institutional investors to examine where capital is moving—and where the next opportunities lie—supported by Canadian project partners with proven capacity to deliver on-the-ground.

Delegates will engage directly with finance and investment decision-makers, following the program opening, featuring messages from President Cyril Ramaphosa and Prime Minister Mark Carney, in addition to high-level Ministerial representation.

This Forum is about capital deployment, not just conversation

“This Forum is about capital deployment, not just conversation,” said Garreth Bloor, President of the Canada–Africa Chamber of Business. “We are convening investors, institutions, and project leaders who are actively shaping transactions across Africa—and connecting them directly with Canadian partners who are ready to work together.”

The Canada–Africa Financing Forum reflects the Chamber’s role as a privately financed, market-led platform advancing Canada-Africa trade and investment through world-class networking and information-sharing events.

Why Attend

  • Direct access to active dealmakers and capital allocators
  • Insights into where capital is being deployed and key players delivering major projects
  • Opportunities to build partnerships across Canada and African markets
  • Participation in a curated, high-level environment focused on execution

Secure Your Place

Space is limited and demand is strong.

Apply to secure your place (http://apo-opa.co/4vXb9oz)

Read More and View the Program (http://apo-opa.co/4vZN6oV)

Distributed by APO Group on behalf of The Canada-Africa Chamber of Business.

Continue Reading

Business

ORUN and 1xBET Partner to Support a Dynamic Creative Africa

Published

on

MIR Holding

During the MASA 2026 edition, held from April 11 to 18, 2026, ORUN and 1xBET implemented the We Champion Talent program, an initiative aimed at promoting African talent and advancing the development of Cultural and Creative Industries (CCIs)

ABIDJAN, Ivory Coast, April 28, 2026/APO Group/ –As part of the Innovation Village co-organized with MASA at the Palais de la Culture in Abidjan from April 14 to 18, ORUN (https://ORUN.Africa) announces the rollout of its partnership with 1xBET to support a creative Africa that is structuring itself, professionalizing, and scaling across the continent.

We aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency

Designed as a space of convergence between heritage, innovation, and knowledge transmission, the Innovation Village features scenography crafted by Ivorian artisans, a program of panels and masterclasses on creative industries, an immersive experience produced by Orun Studios, and a major institutional highlight on April 17. Its narrative platform is built around three pillars: memory, structure, and transmission. The initiative aims to position cultural and creative industries as an economic driver for the continent.

“The Innovation Village was conceived as an act of construction. By partnering with organizations such as 1xBET, we aim to demonstrate that it is possible to support African talent, narratives, and creative ecosystems over the long term, with ambition and consistency,” said Habyba Thiero, CEO of Africa Currency Network and President of ORUN.

This vision aligns with ORUN’s broader ambition to produce, structure, and internationalize African creative industries through events, content, and strategic partnerships.

Distributed by APO Group on behalf of ORUN, part of African Currency Network (ACN).

 

Continue Reading

Trending