Category: Shipping and Transport
Hambantota Port observes employees returned from China before epidemic broke
Feb 17, 2020 (LBO) – With the coronavirus epidemic becoming a serious cause for concern, the Hambantota International Port (HIP) has put in place several measures to ensure the safety of their staff, environment, and the general public. Emergency Response Procedure is in place with 3 response levels. A special committee has been appointed headed […]
Construction of building complex in Colombo Port City to start by mid-2020
Feb 17, 2020 (LBO) – Construction of the building complex in Colombo Port City will commence in the middle of this year at a cost of 15 million US dollars and the first phase is expected to be completed by 2023, the President’s Media Division said. China Communication Construction will spend 1.4 billion dollars for […]
Chief of Naval Staff of Pakistan Navy visits Hambantota Intl Port
Admiral Zafar Mahmood Abbasi, Chief of Naval Staff of the Pakistan Navy and a delegation of officers visited the Hambantota International Port recently. They were welcomed by CEO of HIPS, Captain Ravi Jayawickreme and briefed on various aspects of the development of the port. (Media Release)
EDB continues marketing support for Boat Building Sector
Feb 12, 2020 (LBO) – Boat Building is a focused sector identified in the National Export Strategy (NES) 2018-2020 as it has the potential to contribute markedly to the foreign exchange earnings of the country. Sri Lanka has an advantage to become the hub for boat manufacturing in Asia Region due to its strategic location […]
Sri Lanka Ports Authority implements program to prevent virus outbreak
Feb 05, 2020 (LBO) – Sri Lanka Ports Authority (SLPA) has implemented a program to prevent the spread of Novel Coronavirus from all ports including the Port of Colombo. The SLPA, claims that the Port of Colombo and all other ports under the purview of them are safe. At the Port of Colombo, the medical […]
Sri Lanka vehicle registration in Dec 2019 subdued
Jan 28, 2020 (LBO) – Sri Lanka’s total car registrations recorded 2,057 units in December 2019 marginally up from 2,030 units in November but down from 2,669 units 12 months ago, a new report shows. Data compiled by JB Securities equities research shows in the overall segment Toyota is the market leader with a 64.2 […]
Galle Port to be developed as a tourist port with new Yacht Marina Zone
Jan 14, 2020 (LBO) – Sri Lanka will commence the breakwater development of the Port of Galle and to dock all passenger vessels to Galle at the outer port area to further strengthen facilities for tourism promotional activities at the port. State Minister of Ports Development Kanaka Herath during a special inspection visit at the […]
Hong Kong based CMPort expands its global footprint in terminal operations
China Merchants Port Holdings (CMPort) and French Container Shipping Company, CMA CGM, entered into the Master Agreement which will see their jointly-owned business, Terminal Link, acquire an interest in 10 terminals owned by CMA CGM for $955 million. The terminals are Odessa Terminal (Ukraine), CMA CGM PSA Lion Terminal (CPLT) (Singapore), Mundra Terminal (India), Kingston […]
CICT ends 2019 with 2.9mn TEUs, 40-pct of Colombo Port’s volume
Dec 31, 2019 (LBO) – Colombo International Container Terminals (CICT) has announced it handled a total of 2.9 million TEUs in 2019, achieving an 8.6 percent increase in its throughput and accounting for 40 percent of the volume of the Port of Colombo in the 12 months ending 31st December 2019. The Company, which manages […]
Loud music not allowed in buses from tomorrow: Transport Ministry
Dec 31, 2019 (LBO) – Sri Lanka’s Transport Ministry says that it will not allow loud music in buses from 01 January 2020 and advises passengers to use the hotline 1955 to lodge any complaint regarding the matter. According to the Ministry, a collection of 1,000 classical audio songs and high-quality music videos will be […]
Uber launches two new safety features in Sri Lanka
Dec 17, 2019 (LBO) – Uber, the world’s largest mobility platform, announced two new safety features, Two-way Phone Anonymisation and Driving Hour Limits, as a part of their ‘Safety Never Stops’ campaign in Colombo. Two-way Phone Anonymisation, a new technology, will improve the way riders and driver partners connect and communicate with each other. With […]
Sri Lanka to review process adopted to revise original scope of Colombo Financial City
Dec 12, 2019 (LBO) – Sri Lanka’s cabinet nod has been received to appoint an expert committee to look into the process adopted by the previous government to revise the original scope of the Colombo Financial City. With the help of external consultants and the Legal Draftsman, a Bill has already been drafted to establish […]