Category: Logistics
Transport ministry calls local bids to repair railway coaches
Jan 14, 2016 (LBO) – Sri Lanka’s Cabinet has decided to call competitive bids from local industrialists to undertake heavy repairs of railway passenger coaches. As per the Railways Department, around 450 carriages are required to provide transport services and these carriages must undergo heavy repair every two years. Though it is being done in […]
Colombo port container handling up 5.7-pct in 2015
Jan 14, 2016 (LBO) – Sri Lanka Ports Authority says container operations in the Colombo port has increased by 5.7 percent last year over the previous year. Accordingly, the total amount of containers handled by the port last year is 5,185,467 compared to the 4,907,915 containers handled in 2014. Total container volume comprises of import, […]
Maersk Line to invest in Colombo Port expansion
Jan 13, 2016 (LBO) – Danish multinationals including Maersk Line and Novo Nordisk are seeking to invest in Sri Lanka, Danish Ambassador for Sri Lanka Peter Taksøe-Jensen revealed. Maersk Line has been the world’s largest container shipping company since 1996. It operates 604 container vessels across the world and calls on 343 ports in 121 […]
Colombo port city proposal to be downsized: Minister
Jan 12, 2016 (LBO) – Sri Lanka will continue with the Colombo port city project after downsizing the previous agreement entered with China, the International Trade State Minister said. Minister Sujeewa Senasinghe told reporters Tuesday that the initial proposal led to a transfer of 50 acre land to a private party. “50 acres was supposed […]
‘t cause environmental disruption, says EIA
Dec 15, 2015 (LBO) – The proposed Colombo Port City has a minimal environmental impact on the reclamation site and the coastal zone around the area, a supplementary environmental impact assessment, now available for public consultation, states. Because of the impact of sand dredging north of the port city site, an income support program will […]
Uber officially launches in Sri Lanka
Dec 09, 2015 (LBO) – Uber, a global ride sharing company with an on-demand technology platform and app that connects commuters who need a ride and licensed drivers, announced the official launch of its uberX product in Colombo, Sri Lanka, Wednesday. “Demand for Uber is rapidly growing as more and more residents and tourists in […]
” mistakes in logistics, transport: CILT
Dec 07, 2015 (LBO) – Sri Lanka’s budget proposals for 2016 repeat many of the mistakes in previous budgets in the areas of logistics and transportation, the Chartered Institute of Logistics and Transportation says in its budget analysis. The institute said the “over-zealous” attitude to improve the road network is likely to continue with projects […]
Govt planning to list catering unit of SriLankan Airlines
Nov 07, 2015 (LBO) – Sri Lanka’s government is planning to list a minority stake of 30 percent to 49 percent of Sri Lankan Catering, a fully owned subsidiary of state owned SriLankan Airlines, a media report said. This will be through a competitive, open bidding process, the report said quoting sources. The company, the […]
Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships
Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be built at Hambantota port, the group chairman said. “We are now aggressively working to become a leading LPG player in other Asian markets, and with this significant investment […]
Sri Lanka’s Mattala airport to provide air services to Serbian aircraft
Nov 12, 2015 (LBO) – Sri Lanka’s Mattala International Airport is to be utilized by Serbian aircraft for air services to access and fly to other countries via the airport, the cabinet spokesman said on Thursday. Serbia, which is an upper middle income country, makes a vast contribution to its economy through tourism and has […]
LBR LBO infrastructure summit announced to media
Oct 08, 2015 (LBO) – There is an urgent need to move forward with intelligent urban design and development if Sri Lanka aspires to make Colombo a regional hub.This was the call of the organizers of LBR LBO’s infrastructure summit “Making Colombo a Globally Competitive City,” which will be held on November 3rd and 4th […]
Sri Lanka Customs to implement Single Window System by end 2015
Sep 27, 2015 (LBO) – Sri Lanka Custom’s Single Window System is to be implemented by the end of this year, Finance Ministry said in a statement.The system enables the economic operators and trading partners to submit all import, export and transit information required by regulatory agencies via a single electronic gateway. Single window operation […]