Freight News, Sea

South Asia Gateway Terminal welcomes ONE service

[ May 8, 2018   //   ]

SSingapore-based Ocean Network Express (ONE) has introduced its new EC5 route calling at the Port of Colombo, Sri Lanka.
Headquartered in Singapore, Ocean Network Express was established on July 7, 2017 through the integration of ‘K’ Line, MOL and NYK. It’s new EC5 service was launched on April 23rd at the South Asia Gateway Terminal (SAGT) at the Port of Colombo.
South Asia Gateway Terminal (SAGT), is owned by a consortium of local and global companies, including APM Terminals, which holds a 33% share. Opened in 1999, it was Sri Lanka’s first private terminal. It has seen almost continuous eyar-on-year volume growth and achieved a container throughput of 1.8 million TEUs in 2017.
ONE’s EC5 service will link Asia to the East Coast of North America, with calls at Laem Chabang, Thailand; Cai Mep, Vietnam; Singapore and Colombo before crossing the Atlantic via the Suez Canal, calling Halifax, Canada; and New York, Savannah, Jacksonville and Norfolk in the US, before returning eastbound with stops at Halifax; Jebel Ali, UAE,and Singapore.
Transshipment Hub
The Port of Colombo, with combined throughput of 6.2 million TEUs in 2017, has risen to a ranking of 23rd worldwide, and is a major transhipment port for India, Bangladesh and domestic cargoes, as well as for cargoes in transit from Southeast Asian ports to Europe and North America. Transhipment represents 75% of Colombo’s overall container handling traffic.