Category: Shipping and Transport

Sept 29, 2008 (LBO) – Sri Lanka’s Supreme Court has slammed police and bribery authorities and summoned the country’s former finance secretary to court over a judgment involving the privatization of a bunker firm, an official said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The latest […]

Sept 27, 2008 (LBO) – The Sri Lanka Ports Authority (SLPA) said Friday that it had started bunkering operations in Colombo port through a newly established subsidiary. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The JCT Ltd. Oil Bank, a fully owned subsidiary company of the […]

NAIROBI, September 18, 2008 (AFP) – Pirates seized another ship off the Somali coast in the Indian Ocean, a maritime official said Thursday. Andrew Mwangura of the Kenyan chapter of the Seafarers Assistance Programme said the “Great Creation” was hijacked on Wednesday but added further details on its origin, crew and destination were not immediately […]

Sept 16, 2008 (LBO) – Sri Lanka is hoping to call fresh bids for a container terminal concession in an expanded port in Colombo in October, a government minister said, after an earlier bidding round was abandoned partway through the process. A breakwater to expand Colombo port is now being built with Asian Development Bank […]

Sept 15, 2008 (LBO) – Sri Lanka’s John Keells Holdings says its bunkering unit lost 20 million rupees (184,000 US dollars), because it was unable to remove all oil stocks by a court deadline of September 12, after it was ordered to vacate a tank farm.The company said oil stocks valued 45 million rupees (416,000 […]

Sept 14, 2008 (LBO) – Lanka Marine Services (LMS), a unit of John Keells Holdings selling bunkers in Colombo port, has moved out most of its stocks from a tank farm by the court ordered deadline of September 12, a media report said.The Sunday Times quoting sources at Sri Lanka’s revenue office said, it had […]

Sept 11, 2008 (LBO) – Ship fuel prices at Colombo port could fall by around five percent after a tank farm previously operated by one player is converted to a common storage facility, a supplier has said.Lanka Marine Services (LMS), a unit of John Keells Holdings was ordered to return a tank farm and land […]

Sept 10, 2008 (LBO) – Sri Lanka’s John Keells group said its bunkering unit Lanka Marine Services (LMS) will continue to supply bunkers at Colombo port with a tanker and would also use the proposed common user facility to continue in business. “LMS will also continue to provide bonded storage and delivery services of marine […]

Sept 05, 2008 (LBO) – Trade experts have proposed reviving sea and rail links between Sri Lanka and the Indian sub-continent as part of greater regional connectivity moves required to improve trade in the region. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 Transport costs outweigh trade […]

Sept 05, 2008 (LBO) – Sri Lanka’s John Keells Holdings has raised its stake in South Asia Gateway Terminals (SAGT) to 37.97 percent by acquiring a 4.22 percent tranche from the Asian Development Bank (ADB). JKH said it had paid 4.41 million US dollars (475 million Sri Lanka rupees) when ADB exercised a put option […]

Sept 05, 2008 (LBO) – The Sri Lanka Ports Authority plans to upgrade an aging bunker fuel storage facility it is taking over from a private firm, senior officials said. The SLPA’s approach will be to have cost-based tariff to encourage the facility’s use by suppliers and ensure greater competition in the supply of ship […]

Sept 04, 2008 (LBO) – Bunker oil stocks at Colombo are running low with a pending hand-over of a tank farm by the largest supplier to the port, and fresh stocks only due in mid-September, shipping officials said. To receive instant alerts from LBO on your Dialog mobile type ‘lbo’ and send to 678 The […]