Connect with us

Business

CICT named ‘Best Container Terminal’ for fourth consecutive year

Published

on

Beats terminals in South Korea, China and Indonesia to win prestigious AFLAS award in Under 4 million TEUs category

As the global logistics and supply chain industry struggles to cope with the challenges of the COVID-19 pandemic, Colombo International Container Terminals (CICT) has brought honour to the Port of Colombo by being adjudged the ‘Best Container Terminal in Asia’ in the Under 4 million TEUs category for a record fourth consecutive year.

The winner of the coveted award was announced on November 9 at the 2020 Asian Freight, Logistics and Supply Chain (AFLAS) awards gala in Hong Kong.

CICT, which is managed by China Merchants Port Group (CMport), beat three other shortlisted finalists in its category – Busan New Container Terminal (South Korea), Dalian International Container Terminal (China) and Jakarta International Container Terminal (Indonesia) – to bag the award.

CICT’s victory at the Best Container Terminal Awards places it in the company of globally-respected terminals of the calibre of PSA Singapore Terminals, the Asia winner in the Over 4 million TEU’s category and PSA Antwerp, adjudged the best container terminal in Europe.

Hosted by Asia Cargo News, the AFLAS awards are designed to honour leading service providers including air and shipping lines; airports and seaports; and logistics, 3PLs and other associated industry professionals for demonstrating leadership as well as consistency in service quality, innovation, customer-relationship management and reliability.

“We are delighted to be crowned the best container terminal of our size in Asia for four years in a row,” CICT CEO, Jack Huang said.

“Besides the intense competition among terminals across the region, these are challenging times for all players in sectors linked to international transportation, and retaining our position at the top is a great demonstration of our consistency even in hard times. This award is, therefore, a valuable tribute to the entire CICT team, the management and all our stakeholders”, he noted.

“We are also grateful to the Sri Lanka Ports Authority for its support, and to our staff whose commitment enabled CICT to be 100% operational during the difficult time of the pandemic, minimizing the adverse impact to the port and the country”, he added.

The AFLAS winners are decided by a three-step process, taking into account industry opinions, and through nomination criteria and technical evaluation by Asia Cargo News. The shortlist of finalists is sent out to more than 15,000 readers to vote.

Huang attributed CICT’s achievement to the terminal’s persistently high levels of productivity leading to fast ship turnaround times. Nominees for the AFLAS awards are judged on adherence to criteria standards encompassing higher operational productivity, efficient turnaround of trucks delivering and picking up containers; provision of suitable container shipping-related infrastructure; cost competitiveness, customer service level and customer satisfaction; timely and adequate investment in new facilities to meet future demand; innovative operating environment, facilitation of ancillary services and ease of doing business activities; and effective and easy-to-use IT systems.

Leading companies in the cargo, logistics and supply chain sectors took home more than 40 different awards at the 2020 presentation at the Hotel ICON, Hong Kong.

CICT manages the South Terminal of the Port of Colombo, the first and currently the only deep water terminal in South Asia, which is equipped with facilities to handle the largest vessels afloat. Since its inception in 2014, the terminal has incrementally grown the volume it has handled; from 686,639 teus in 2014, to 1.56 million teus in 2015, 2 million teus in 2016, 2.38 million teus in 2017, 2.67 million teus in 2018, and 2.9 million teus in 2019.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

HNB joins CBSL to promote ‘Rata Purama LANKAQR’ campaign in Kandy

Published

on

HNB PLC once again joined the Central Bank of Sri Lanka (CBSL) to promote the ‘Rata Purama LANKAQR’ campaign to raise awareness and encourage the public in the Kandy district towards a cashless payment ecosystem.

HNB, together with other financial institutions and telecommunication partners, participated in the day-long event held at the Kandy City Center. The bank raised awareness regarding its LANKAQR integrated HNB SOLO payment app while onboarding merchants during the promotional campaign.

“During the early stages of the pandemic we witnessed many of our customers and members of the public seamlessly adopt our cashless and contactless payment app HNB SOLO. With COVID and the subsequent launch of the ‘Rata Purama LANKAQR’ campaign the number of users of these types of systems have increased exponentially.

“Given that the mutual vision of the Central Bank of Sri Lanka and HNB is for a financially and technologically empowered Sri Lanka, HNB is proud to serve as an enthusiastic partner to roll out LANKAQR island-wide. The fact that we now have merchants in the cultural capital of Sri Lanka making this shift is another major milestone in this digitalization journey,” HNB Deputy General Manager – Retail and SME Banking, Sanjay Wijemanne said.

 

Continue Reading

Business

ComBank’s ATM network sets new records for cash dispensed during festive season

Published

on

The automated teller machine (ATM) network of Commercial Bank of Ceylon dispensed a record Rs 8.818 billion on 9th and 10th April 2021, shattering the previous records for the highest and second highest cash disbursements for a 24-hour period, as Sri Lanka’s leading private bank facilitated the celebration of the Sinhala and Tamil New Year.

The disbursements of Rs 4.498 billion on April 9 and Rs 4.320 billion on the following day represented a substantial increase over the single-day values recorded in previous years.

In total, Commercial Bank dispensed Rs 41.748 billion via its ATM network between 1st and 15th April 2021 at an average of Rs 2.783 billion per day, reaffirming the indispensable role it plays in the lives of Sri Lankans, as well as the reliability and robustness of the network. On seven of these 15 days the network dispensed more than Rs 2 billion a day, and on five days disbursements exceeded Rs 3 billion a day, the Bank said.

Comprising of 890 ATMs, the network processed 2.434 million transactions over the 15 days at an average of 168,988 transactions a day, while on 9th April, the number of transactions processed totalled 233,990 at an average of 9,749 transactions per hour or 162 transactions per minute.

The first Sri Lankan bank to be listed among the Top 1000 Banks of the World and the only Sri Lankan bank to be so listed for 10 years consecutively, Commercial Bank operates a network of 268 branches in Sri Lanka. The Bank’s overseas operations encompass Bangladesh, where the bank operates 19 outlets; Myanmar, where it has a Microfinance company in Nay Pyi Taw; and the Maldives, where the bank has a fully-fledged Tier I Bank with a majority stake.

Continue Reading

Business

‘Ceylinco VIP Cyber Tharu’ to showcase Sri Lankan talent

Published

on

Ceylinco General Insurance has announced an online competition with a novel concept to showcase Sri Lankan talent by providing a platform for them with the opportunity to win handsome cash prizes.

“This time, our effort is to organize an online competition that provides an opportunity for Sri Lankan people to display their talent and also to identify hidden talents whilst rewarding them. There will be five overall winners whose prize money will be over Rs. 1 million and each category winner will get Rs 100,000/-. Ten randomly picked voters too will receive handsome cash awards,” said Patrick Alwis, chairman CEO of Ceylinco General Insurance.

The guidelines and the criteria of the competition were announced recently through a dedicated website and other social media platforms: Facebook, Instagram, twitter, You Tube as well as LinkedIn. Contestants can perform under five categories, namely, singing, dancing, instrumental performances, fashion modelling and funny videos / Standup comedy. Individuals over 18 years could perform under the individual category whilst the group category will have no age limit.

Under the group category either families or a group of friends could take part. Each entry will have to be specially recorded for this competition. Prior to recording the performance, they should download the image of the logo and have it displayed prominently in the background. Performances could be recorded using a smart phone or a video cam.

 

Continue Reading

Trending