Category: Shipping and Transport

The announcement is expected within the next few days, which will reduce premiums to 0.0025 percent from the present 0.005 percent of the hull value on vessels calling at the Colombo Port, Sri Lanka Ports Authority Chairman, Parakrama Dissanayake said. rnDissanayake said the war risk committee headed by Lloyds of London had stopped short from […]

The new company will be known as Jaya Container Terminals Ltd and will be managed by a board of nine directors appointed by the Shipping Minister. rnrnAccording to shipping analysts, Jaya Terminal would stand to lose large volumes of container handling to the private sector managed South Asia Gateway Terminal (SAGT), if it continued under […]

The announcement was expected today but has now been shelved for the weekend. rnFully owned by Ceylon Petroleum Corp, LMS has bonded warehouses at the Colombo port. rnThe Public Enterprise Reform Commission (PERC) is expected to dispose LMS quote s controlling stake, which can even go up to 90 percent. rnrnAround 15 companies including top […]

The Lloyd quote s Underwriters Association secured their services as a precursor to remove the remaining war risk premiums on ships calling at the Colombo port. rnrnThe audit is expected to take five days and the report is due a week later. Lloyds is expected to make their decision thereafter, shipping sources said. rnrnThe consultants […]

Emirates SkyCargo has removed the fuel surcharge with worldwide effect from January 1 2002.