Category: Shipping and Transport

The government of Sri Lanka, whose roads are among the world’s most dangerous, said it would crack down on rash driving after the island’s worst train-bus collision killed 35 people.The government of Sri Lanka, whose roads are among the world’s most dangerous, said it would crack down on rash driving after the island’s worst train-bus […]

Dubai airline Emirates announced a 48.7 percent rise in annual net profit on Wednesday, citing growth in tourism and business travel through its Dubai hub, heavy investment in its fleet and a non-union workforce.Dubai airline Emirates announced a 48.7 percent rise in annual net profit on Wednesday, citing growth in tourism and business travel through […]

National carrier SriLankan Airlines is adding South Indian industrial city of Coimbatore to its growing dedicated cargo network from Wednesday.National carrier SriLankan Airlines is adding South Indian industrial city of Coimbatore to its growing dedicated cargo network from Wednesday. The airline which is 40 percent owned by Dubai’s Emirates Airlines, presently operates regular freighter services […]

Ceylinco’s pollution free car – the Reva selling at over Rs.1.2 mn has so far received some 20 confirmed orders.Ceylinco’s pollution free car – the Reva selling at over Rs. 1.2 mn has so far received some 20 confirmed orders. The Indian made electric car was commercially launched Monday, targeted at environment minded Sri Lankan’s […]

Railway authorities are looking for Rs. 15 billion from donors to lay a second track between Kalutara and Matara, improving its current service. Railway authorities are looking for Rs. 15 billion from donors to lay a second track between Kalutara and Matara, improving its current service. The second track will cut down delays currently faced […]

Sri Lanka has asked the Asian Development Bank (ADB) to up a US$ 100 mn allocation to fund the Colombo south port to US$ 200 mn, nearly half of the estimated cost for the initial phase.Sri Lanka has asked the Asian Development Bank (ADB) to up a US$ 100 mn allocation to fund the Colombo […]

The month of March saw a record number of vehicle registrations with vehicle owners trying to avoid a new withholding tax from April 1. The month of March saw a record number of vehicle registrations with vehicle owners trying to avoid a new withholding tax from April 1. “This is the first time we have […]

Shipping experts said the Ports Authority should give up owning and managing terminals and let port operators and shipping lines do that business. Shipping experts said the Ports Authority should give up owning and managing terminals and let port operators and shipping lines do that business. S. Premachandra, a former Ports Authority employee says the […]

SriLankan Airlines is contemplating moving into a floating rate fare regime to beat off galloping fuel prices that is burning a hole in its bottomline, a top official said Tuesday. The national carrier raised fares between US$ 15-50 from April 1, as jet fuel prices are showing no signs of abating. For instance, a round […]

Sri Lankan shippers say the Colombo port is getting too expensive, eroding any cost competitiveness they have for their products in the international market.Sri Lankan shippers say the Colombo port is getting too expensive, eroding any cost competitiveness they have for their products in the international market. The shippers, who are mainly Sri Lankan exporters […]

Sri Lanka is hoping to attract more Chinese tourists to the tsunami-hit island with the introduction of direct air services to Beijing, a top official said Thursday.Sri Lanka is hoping to attract more Chinese tourists to the tsunami-hit island with the introduction of direct air services to Beijing, a top official said Thursday. Ceylon Tourist […]

An ADB team due in Sri Lanka in April will consider a government plea to up a US$ 100 mn allocation by the bank to build a new port to the south of the Colombo harbour.An ADB team due in Sri Lanka in April will consider a government plea to up a US$ 100 mn […]