Category: Shipping and Transport

Sri Lanka needs an estimated US$ 150 mn over the next four years to re-haul a dilapidated bridge network, many over 50 to 100 years old.rnrn The Road Development Authority is negotiating soft loans from Japan and the Saudi Fund to upgrade 15 bridges identified on priority basis.rn rnldblquote We have identified a list of […]

US marine fuel supplier ChemOil signed a deal on Friday to dock at the Colombo Prot, to sell bunker fuel. Lanka Bunker Services, ChemOils BOI (Board of Investment) venture with Sri Lanka Shipping Company Limited (SLSCL) will target the South Indian industrial areas for clients together with vessels calling in at Colombo. rn rnBOI sources […]

Dubai-based Emirates Airline has set its sights on the stars — literally — to help it offer new levels of comfort and enjoyment to travellers on ultra-longhaul flights from next month.In an industry first, an image of the night sky above Dubai, complete with twinkling constellations, will be shown on the ceiling panels above their […]

The government is tipped to raise money from Indian financial institutions to fund the 25 km Colombo-Katunayake Expressway.ldblquote The Indian bond markets are booming and we will most certainly look at raising money in Indian capital markets dblquote , Board of Investment Chairman, Arjunna Mahendran told Lanka Business Online.rn rnThe Colombo-Katunayake highway endash the countrys […]

The blueprint to construct Sri Lankas first dry port at Ragama endash a one-stop logistical hub for container handling, linking up to the seaport by rail, has gone up for cabinet approval. The dry port will ease traffic congestion on Colombos main roads, diverting some 21 percent of domestic container traffic.rn rnAlso called Inland Container […]

Singapores Changi Airport has put an unsolicited bid to take up a 60 percent stake in Airport Aviation Services Ltd (AASL).The bid comes after Changi Airport Chairman, Boon Swan Foo showed interest in managing and developing some of Sri Lankas airports.rn rnIn a meeting with BOI Chairman Arjunna Mahendra recently, Foo had shown interest in […]

Logiwiz, a unit of the Hayleys Group, opened shop recently to offer tailor made solutions, end-to-end logistics management and supply chain solutions to the growing manufacturing businesses.rn rnSet up under the Groups transportation arm, Maritime Holdings, the conglomerate infused Rs. 300 mn for the first phase to put up a 100,000 square foot top-of-the-range distribution […]

The US will step in with technical assistance to implement the lquote US Container Security Act in Sri Lanka, an initiative sparked by security jitters over shipments to the US.rnrn rnA Memorandum of Understanding (MOU) on the Technical assistance was signed Wednesday between the Government and the US Embassy.rn rnUS based Aerospace Services International Inc. […]

The UDA has short listed six parties, one of whom will undertake the construction of a mass transit network for Colombo. The mass transport system will stretch along Galle Road and reach the airport and the outskirts of Colombo city.rn rnOfficials hope to flag off the project in early 2004, but say will first have […]

Emirates has achieved record half-yearly profits of US$ 167 mn (Dhs 612 mn), 51 percent up on the same period last year, thanks largely to a series of initiatives to upgrade customer service.The results, based on unaudited financial figures, compare with net profits of US$ 110 mn (Dhs 404.2 mn) last year. Higher passenger and […]

As exclusively reported on LBR the Indo-Lanka Economic cooperation deal also threw open air-travel between the two countries.Private airlines from the two countries could soon be plying international routes.rn rnThe proposed open skies agreement doesnt stand-alone. A joint study group is also recommending the easing of visa restrictions on the Indian side and the joint […]

The hotly debated deal, to partially privatise 13 cluster bus companies, will hit the road within the next few weeks, with the governments privatisation arm scouting for fresh investors.The move comes after the controversial British consortium IBIS, called off its bid to buy a 39 percent stake in six cluster bus companies.rn rnThe six companies […]