Category: Shipping and Transport
Vehicle imports up 60-pct in 2015, 7-pct of total imports: CCC
May 25, 2016 (LBO) – Expenditure on motor vehicle imports to Sri Lanka has recorded a 60 percent growth last year compared to previous year, Ceylon Chamber vehicle market report showed. The annual publication which is now available for purchase showed that country’s expenditure on vehicle imports has accounted for 7 percent of the total […]
Sri Lanka vehicle registrations down in April except for Cars and SUVs
May 24, 2016 (LBO) – Sri Lanka’s vehicle registrations except for Cars, SUVs and 3 wheelers were down last month due to April being a holiday month, JB Securities said in a research note. Motor car registrations recorded 3,618 units in April up from 3,326 units a month ago and significantly down from 5,116 units […]
Colombo suburban railway electrification project to cost USD300mn
May 12, 2016 (LBO) – Colombo suburban railway electrification project phase one which initially focuses on 64 kilometers along Veyangoda – Panadura section will cost 300 million US dollars to implement. Energy consultant Dr. Tilak Siyambalapitiya speaking at a seminar said the project will support the modernization of the railway network in the Western Province […]
Sri Lanka wants LNG-driven power, to shift away from coal: Govt official
May 06, 2016 (LBO) – Sri Lanka wants more power generation from Liquefied Natural Gas (LNG), because natural gas is attractively priced in international markets, and will rely less on coal, a government official said. “It is a very compelling case to start gasifying Sri Lanka using, initially, imported LNG, and then at some point […]
Sri Lanka joins 9 countries that reformed fisheries governance
Apr 22, 2016 (LBO) – Sri Lanka has joined the growing list of countries that have reformed their fisheries governance systems following a lift of ban by the European Commission yesterday. Subsequent to specific warnings by the European Union, a total of ten countries (Sri Lanka, Ghana, Papua New Guinea, Korea, the Philippines, Fiji, Belize, […]
Land for Sri Lanka Volkswagen assembly plant secured: BOI
Apr 11, 2016 (LBO) – Sri Lanka’s Board of Investment has helped to secure land for the setting up of a Volkswagen assembly plant, the investment promotion agency said. “Through the successful facilitation by Upul Jayasuriya, chairman of the Board of Investment of Sri Lanka and his officials, working closely with the Ministry of Lands, […]
Decisions under Sri Lanka’s Megapolis are ad-hoc: Prof Kumarage
Apr 08, 2016 (LBO) – Decisions and actions under Sri Lanka’s Megapolis have been ad-hoc and have not received sufficient debate and evaluation, a transport sector expert charged. Professor Amal Kumarage, a senior professor at Moratuwa University, speaking at a Verité Research seminar said the Megapolis initiative is based on unsustainable high-cost and long-term solutions. […]
Colombo’s CICT port extends services for new shipping lines
Apr 04, 2016 (LBO) – Sri Lanka’s International Container Terminals (CICT) has expanded its services for new shipping lines, the Ports Authority said. As the first step, the terminal has allowed Taiwan-based Interasia lines to start cargo operations in the port of Colombo. The Ports Authority said ‘Interasia lines’ expects to use Colombo Port as […]
Indonesia grants visa-free facility to Sri Lanka, other countries
Apr 04, 2016 (LBO) – Indonesia has granted visa-free facility to 169 countries including Sri Lanka under a new visa regulation. Indonesian President Joko Widodo has signed Presidential Regulation concerning Visit Visa Exemption early last month adding 79 countries to the list. Indonesian immigration office said passport holders of these countries are exempt for having […]
11 super luxury vessels called at Colombo Port last month
Apr 04, 2016 (LBO) – The number of passenger vessels calling at the Port of Colombo has increased with 11 super luxury passenger vessels calling at the passenger and other terminals during March 2016, the Ports Authority said. Among them were MV Cosalam Inosa, MV Costa Neoriviera, MV Island Sky, MV Rotterdam, MV Pacific Princess, […]
Lackadaisical trend in Sri Lanka vehicle registrations in Feb: JB Sec.
Mar 25, 2016 (LBO) – The lackadaisical trend from January has continued into February with the 70 percent LTV rule, significant increases in tariffs, continuing weakness in the rupee, surprising strength in the Yen and rising interest rates have retarded volumes, JB Securities said in a research note. Vehicle registrations February 2016 Motor car registrations […]
Sri Lanka gets direct cargo link between Colombo and Yangon
Mar 24, 2016 (LBO) – Sri Lanka’s Continental Shipping Lines’ “Pathien Star” made it’s inaugural call at the Jaya Container Terminal in Colombo yesterday. The vessel is scheduled to leave for Port Yangon of Myanmar soon. “This is the first time that a direct cargo link has been established between Colombo and Yangon opening a new […]