Category: Shipping and Transport

Feb. 06 (LBO)-Sri Lanka’s only commercial ship building and repair firm Colombo Dockyards Limited (CDL) plans to invest over Rs.660 million to upgrade infrastructure in order to lure new business and face up to competition from India. The investment spread over 2005 and 2006 is expected to improve CDL’s profitability, especially from its shipbuilding operation, […]

The conditions of a US$ 150 million Asian Development Bank (ADB) loan to part fund Colombo’s long over due port expansion, will be finalized by early February.The conditions of a US$ 150 million Asian Development Bank (ADB) loan to part fund Colombo’s long over due port expansion, will be finalized by early February. A visiting […]

Jan 25 (LBO) – Sri Lankan based IFS South Asia, offering supply chain solutions, clinched a million dollar deal with Pakistan’s automobile giant Millat Tractors on Wednesday.Jan 25 (LBO) – Sri Lankan based IFS South Asia, offering supply chain solutions, clinched a million dollar deal with Pakistan’s automobile giant Millat Tractors on Wednesday. This is […]

Jan. 19 (LBO) – SriLankan Airlines has pushed back plans to launch its floatplane ferry service to the North, following increased violence in Jaffna and falling passenger numbers.Jan. 19 (LBO) – SriLankan Airlines has pushed back plans to launch its floatplane ferry service to the North, following increased violence in Jaffna and falling passenger numbers. […]

Jan. 19 (LBO) – Sri Lanka’s ageing rail-network could soon get a new extension, with policymakers this week agreeing to set up a unit to study the feasibility of the projects.Jan. 19 (LBO) – Sri Lanka’s ageing rail-network could soon get a new extension, with policymakers this week agreeing to set up a unit to […]

Jan. 16 (LBO) – Sri Lanka Monday picked up its largest ever cheque from the World Bank for US$ 160 million to develop education and roads, officials said.Jan. 16 (LBO) – Sri Lanka Monday picked up its largest ever cheque from the World Bank for US$ 160 million to develop education and roads, officials said. […]

By the second quarter this year, SriLankan Airlines says it will roll out E-ticketing through its network of travel agents, expanding current sales of its pilot project.By the second quarter this year, SriLankan Airlines says it will roll out E-ticketing through its network of travel agents, expanding current sales of its pilot project. SriLankan Airlines […]

US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group.US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group. Fedex, currently commands the second slot in Sri […]

US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group.US courier giant Federal Express Corp (Fedex) Thursday raised their profile in Sri Lanka by formally announcing a partnership with conglomerate, the Hayleys Group. Fedex, currently commands the second slot in Sri […]

Shipping industry watchers say donors could be more receptive to fund the South Port project, with private port operator SAGT loosing its first right of refusal. Shipping industry watchers say donors could be more receptive to fund the South Port project, with private port operator SAGT loosing its first right of refusal. A 75 month […]

The Colombo port is perceived to be the least advantages among four regional ports surveyed by the former SLPA Chairman.The Colombo port is perceived to be the least advantages among four regional ports surveyed by the former SLPA Chairman. Former SLPA Chairman and current Aitken Spence Shipping chief Dr.Parakrama Dissanayake told a seminar on trade […]

India has agreed to amend a 2002 US$ 31 million wheat grain credit line to Sri Lanka, allowing the island to import busses instead.India has agreed to amend a 2002 US$ 31 million wheat grain credit line to Sri Lanka, allowing the island to import busses instead. Cabinet spokesperson Anura Priyadarshana Yapa told reporters on […]