Category: Shipping and Transport
‘s Colombo port
Sept 17, 2018 (LBO) – The super luxury MV Viking Orion made her maiden call at the Port of Colombo last week. MV Viking Orion one of the world’s most modern vessels is owned by the best Cruise Liner Company Viking Cruise Lines of Norway. With operational headquarters in Basel, Switzerland, Viking currently operates a […]
Colombo Port tops Alphaliner global container port rankings for first time
Sept 09, 2018 (LBO) – Colombo Port has been ranked as the fastest growing container port out of 30 major ports in the world for the first half of this year.In container handling, Colombo Port has recorded a 15.6 percent growth for the first half of 2018 over the same period of last year according […]
‘s petroleum data next week
Aug 31, 2018 (LBO) – Research vessel BGP Pioneer, sailing under the flag of Panama is to commence seismic data acquisition for exploring Sri Lanka’s prospects for petroleum resources in selected offshore areas of the island. The vessel is expected to call Colombo Port on Saturday and the operations are scheduled to be commenced ceremonially on […]
‘s Expolanka Freight extends global footprint with new office in Malaysia
Aug 30, 2018 (LBO) – EFL (Expolanka Freight) a global freight-forwarding company headquartered in Sri Lanka is setting up its 18th overseas operations in the regional hub of Malaysia. The company is taking over an existing operation managed by its parent company SG Holdings Global and will officially open for business in Kuala Lampur on 1 September 2018. […]
Japanese Defense Minister commends recent progress of Colombo Port
Aug 27, 2018 (LBO) – Japanese Defense Minister Itsunori Onodera has commended the progress acquired by the Port of Colombo during the recent past, Sri Lanka Ports Authority said.Defense Minister Onodera recently paid a historic visit to the Port of Colombo marking a landmark in the maritime history of Sri Lanka. During the visit, the […]
Ceylon Motor Traders Association says they understand duty increase in small cars
Aug 03, 2018 (LBO) – Ceylon Motor Traders Association (CMTA) on Friday said they understand the Government’s policy decision taken recently to increase excise duties targeting the small motor cars segment. The Association said the excise duty structure that was proposed in the budget 2018 had a favorable differential for small motor cars which is likely […]
Sri Lanka maritime industry players come together to resolve industry issues
Aug 02, 2018 (LBO) – Sri Lanka Ports Authority (SLPA) and Sri Lanka Customs (SLC) together with other industry players have initiated a joint process to resolve the current maritime industry-related issues. Sri Lanka Ports Authority said Ceylon Association of Shipping Agents (CASA) and members of Sri Lanka Association of Vessel Operators (SLAVO) are also […]
‘s Finance Minister raises taxes on small vehicles
Aug 01, 2018 (LBO) – Sri Lanka’s Finance Minister has signed the gazette notification to amend the excise duties of vehicles below 1000cc category with effect from 01 August 2018, the Finance Ministry said.Accordingly, a unit tax of 1.5 million rupees will be taxed for a motor car below 1000cc while a unit tax of 1.25 million rupees will […]
Sri Lanka vehicle population grew by 7-pct in 2017; import expenditure up 5-pct
July 31, 2018 (LBO) – Sri Lanka’s motor vehicle population grew by 7 percent to 7.2 million in last year with import expenditure on motor vehicles also showing 5 percent growth, the annual report on the country’s motor vehicle market published by the Ceylon Chamber showed. According to the report, the year 2017 saw a […]
Sri Lanka launch tourist-friendly Tuk Tuk service
Jul 31, 2018 (LBO) – Sri Lanka’s Prime Minister Ranil Wickremesinghe launched the country’s first ever tourist-friendly Tuk Tuk service at Galle Face Green, Monday. The project is implemented under the Budget proposals presented by Finance and Media Minister Mangala Samaraweera for the year 2018. Ministers Mangala Samaraweera, Japanese Ambassador in Sri Lanka Kenichi Suganuma, […]
Sri Lanka to launch electric three wheelers by 2020
Jul 24, 2018 (LBO) – Sri Lanka together with Japan Sri Lanka Comprehensive Partnership secretariat and T-PLAN has built an electric three-wheeler. “I am indeed encouraged by the electric three-wheeler developed by Japan Sri Lanka Comprehensive Partnership secretariat and T-PLAN,” Mangala Samaraweera, Minister of Finance said. “It is considered to have incorporated some of the cutting-edge technology […]
Colombo Port transshipments up by 19.8-pct in 1H; targets 7mn TEUs for 2018
July 22, 2018 (LBO) – Establishing a record in transshipment operations, the Colombo Port has witnessed the highest growth of 19.8 percent in transshipment container throughput for the first half of 2018 as against the corresponding period in 2017.During the first half of 2018, the Port of Colombo handled 2,733,906 TEUs of transshipment containers as […]