Category: Shipping and Transport
Sri Lanka to develop Jaffna island jetties for better connectivity
Sep 09, 2016 (LBO) – Sri Lanka’s Ports and Shipping Ministry said in order to improve the regular costal transportation services in Jaffna, measures have been taken to develop the jetties in surrounding island’s with the aid of the Navy. “The jetties are not properly maintained in every island,” a ministry statement said. “Piers and […]
Walkers Piling commences Sri Lanka’s first sea piling project
Sept 08, 2016 (LBO) – Sri Lanka’s Walkers Piling, a subsidiary of MTD Walkers, announced that they have commenced work on Sri Lanka’s first sea piling project at the Mutuwal Harbour. The piling work is being carried out to enable the installation of a state of the art Shiplift and Transfer System at the Mutuwal […]
Advantis extends port side logistics support to USS Frank Cable
Sept 06, 2016 (LBO) – Advantis Marine, the marine services arm of Hayleys Advantis Limited, said it has offered end-to-end port side logistics support to the USS Frank Cable (AS-40) submarine tender vessel during its recent refueling and port visit to Sri Lanka. Advantis provided all port agency and husbandry services to the vessel while […]
Sri Lanka to remove barriers for entrepot trade: Finance Minister
Sept 05, 2016 (LBO) – Sri Lanka’s Finance Minister says the government expects more foreign investment that would promote export oriented business inclusive of entrepot trade. Speaking at the ninth session of the Ease of Doing Business forum, Minister Ravi Karunanayake said Sri Lanka wants foreign debt to be replaced by investment which is the […]
Lanka IOC mulls expanding Trinco bunkering operations
Sept 01, 2016 (LBO) – Sri Lanka’s IOC, a subsidiary of Indian Oil Corporation, is to expand their existing bunkering operations at Trinco port as the prospects for this business line are promising, particularly given the strategic positioning of the port and its significant potential for growth, the company said. Trincomalee is the world’s 5th […]
Walkers Colombo shipyard builds & launches first vessel
Sept 01, 2016 (LBO) – Walkers Colombo Shipyard (Pvt) Ltd, a subsidiary of MTD Walkers PLC, has successfully completed the construction of its first vessel, a barge named ‘Seagulf 1’, to re-enter the local ship building industry. The barge designed and constructed entirely by in-house engineering teams under the guidance of Sarath Obeysekera, Managing Director […]
China to fund Ratnapura expressway project
Aug 29, 2016 (LBO) – The EXIM bank of China has agreed to fund civil work construction of the proposed Ratnapura Expressway (73.9 kilometers) from Kahathuduwa interchange on the Southern Expressway to Pelmandulla, a statement said. “Feasibility studies, preliminary design and environmental impact assessment are being carried out at present,” a statement on the latest […]
USS Frank Cable Arrives in Sri Lanka today
Aug 29, 2016 (LBO) – The USS Frank Cable (AS-40) will arrive in Sri Lanka for a routine refueling and port visit on August 29. During the visit, sailors from the ship will enjoy shore leave and volunteer at an animal shelter, a statement said. USS Frank Cable (http://www.csp.navy.mil/frankcable/) is a submarine tender vessel stationed […]
‘s ECT
Aug 26, 2016 (LBO) – Sri Lanka is seeking a partner from the Indian subcontinent to develop a port designed to be its deepest and accommodate the world’s largest container vessels, Shipping Minister Arjuna Ranatunga told the Indian Express. The Sri Lanka Port Authority (SLPA) is looking for a foreign investor with about USD 400 […]
Norwegian research vessel to assess Sri Lankan marine stocks in 2017
Aug 15, 2016 (LBO) – Norwegian funded research vessel is to visit Sri Lankan waters next year to carry out a marine stock assessment, Norwegian Prime Minister Erna Solberg said. This would be the first time an in-depth research on fish stocks and a marine survey covering the entire sea of the country conducted in […]
Sri Lanka’s Hemas Holdings profits surge 68-pct in June quarter
Aug 11, 2016 (LBO) – Sri Lanka’s Hemas Holdings which has interests in FMCG, leisure and healthcare, has posted a equity holder profit of 696 million rupees in the June 2016 quarter, up 68 percent from a year earlier, interim accounts showed. The group reported basic earnings of 1.22 rupees per share for the quarter, […]
Sri Lanka’s Financial City to build client deposit base 10-pct of GDP
Aug 10, 2016 (LBO) – Sri Lanka’s proposed Financial City aims to attract a client deposit base worth 10 percent of the island’s GDP within a period of 5 years, a cabinet approved proposal said. Cabinet Spokesman Rajitha Senaratne said it has also been decided to commence the initial operations of the Financial City after […]