Category: Shipping and Transport
‘s Port of Colombo: 13th best connectivity in world
Mar 26, 2018 (LBO) – Port of Colombo has been ranked the 13th best connectivity port, up five places in the Drewry Port Connectivity Index for the 4th quarter in 2017. According to the rankings the Port of Colombo is also the top best connectivity port in South Asia. The Index recently announced the top 20 ports […]
Cabinet approves proposal to conduct feasibility for India, Japan aided LNG terminal
Feb 28, 2018 (LBO) – Sri Lanka’s cabinet on Tuesday approved a proposal to conduct a feasibility study for the proposed Liquefied Natural Gas (LNG) Terminal and the Floating Storage Regasification Unit (FSRU). Accordingly, Sri Lanka will sign a tripartite MoU with India and Japan soon to conduct a feasibility study. Cabinet has also decided […]
Transshipments at Colombo Port up by 20.4-pct in January
Feb 19, 2018 (LBO) – Transshipment operations at the Port of Colombo have shown a significant increase in January this year against last year amid an increase in productivity, Sri Lanka Ports Authority said. Accordingly against 362,451 transshipment TEU operations in January 2017, together with the JCT, SAGT and CICT, the Colombo Port has recorded 436,303 […]
Sri Lanka Malabe – Fort LRT project to commence by Dec 2018
Feb 06, 2018 (LBO) – Sri Lanka’s Ministry of Megapolis and Western Province Development says that preliminary work on the Light Rail Transport (LRT) project between Malabe and Fort will commence by end of the year once the feasibility study completed in June.“We are currently in the process of doing the feasibility study for six LRT […]
Walkers Colombo Shipyard completes construction of its fourth vessel
Walkers Colombo Shipyard (Private) Limited, a subsidiary of MTD Walkers PLC, has successfully completed the construction of its fourth vessel, a 10 ton bollard pull tug ‘Seagulf 3’.The tug designed and constructed entirely by in-house team of highly skilled naval architects and engineers under the guidance of Dr.Sarath Obeysekera, Managing Director of Walkers Colombo Shipyard […]
Sri Lanka’s cabinet approves signing FTA with Singapore
Jan 17, 2018 (LBO) – Sri Lanka’s Cabinet has approved a proposal to sign the proposed Free Trade Agreement between Sri Lanka and Singapore. The proposed Free Trade Agreement consists of provisions regarding trade in goods and services, service liberalization, investments and public procurement. Following the proposal put forward by International Trade Minister Malik Samarawickrama, […]
Indian govt to develop KKS harbour at a cost of USD 45Mn
Jan 16, 2018 (LBO) – The Government of India will rehabilitate and upgrade the Kankesanthurai (KKS) Harbour as a commercial port at a cost of US 45.27 million dollars, the Finance Ministry said in a statement. The project will be financed through a line of credit from the Export-Import Bank of India (Exim Bank). Preliminary Hydrographic survey geo-technical investigation, preparation of detail […]
RCL commences Colombo-Tuticorin new feeder service at JCT
Regional Container Line (RCL) commenced a new twice weekly feeder service connecting Colombo with Tuticorin, the second largest port in Tamil Nadu state, India. MV CHARLIE with the capacity of 1,730 TEUs will be deployed under ‘RCL Tuticorin Colombo’ service (RTC) by RCL. The vessel will shuttle between Colombo / Tuticorin / Colombo and will […]
Rajagiriya flyover to open today, speed of vehicles to increase eight-fold
Jan 08, 2017 (LBO) – President Maithripala Sirisena will declare open the Rajagiriya flyover on January 08, providing long term solutions for the heavy traffic congestion in the area. Issuing a statement the Presidents media unit said that during the times of heavy traffic congestion in Rajagiriya, the speed of the vehicles moving on this road […]
Sri Lanka Ports Authority to modernize Jaya Container Terminal
July 19, 2017 (LBO) – Cabinet nod has been received to modernize the Jaya Container Terminal (JCT) of the Sri Lanka Ports Authority in order to improve the capacity of the terminal. Ports and Shipping Minister Mahinda Samarasinghe said that this will be phase V of the renovation of the terminal which will allow the […]
‘s SAGT goes live with Navis terminal system
June 28, 2017 (LBO) – Navis, a part of Cargotec Corporation, a provider of operational technologies and services across the shipping supply chain, said South Asia Gateway Terminal (SAGT) in the Port of Colombo has successfully gone live with Navis’ N4 terminal system and N4 Billing. “SAGT selected the Navis terminal system to better optimize […]
Sri Lanka calls EOIs for ferry system in Colombo
June 19, 2017 (LBO) – Sri Lanka’s Megapolis Ministry said it has called for expressions of interest to establish a ferry system in Colombo canals through a public-private partnership. “Tenders will close on 24 July and a potential shortlist of investors is to be announced in nine weeks,” issuing a statement, the ministry said. “The […]