Category: Shipping and Transport
Sri Lanka to build elevated highway network in Colombo
Mar 03, 2016 (LBO) – The cabinet nod has been given to construct an elevated highways network in Colombo to reduce the traffic congestion and to build the road connectivity suburbs and expressways. It has been proposed to construct a road of 6.9 km long with 4 lanes from New Kelani Bridge to Rajagiriya. It […]
Sri Lanka explores possibility to join TPP: Foreign Minister
Feb 26, 2016 (LBO) – Sri Lanka’s government is currently exploring the possibility of applying to join the Trans-Pacific Partnership very seriously, Foreign Minister Mangala Samaraweera said. “A leading government think tank is preparing a feasibility study and we will be continuously evaluating developments on this front,” Samaraweera said. He was addressing a gathering at […]
ADB to help Sri Lanka expand Colombo port operations using PPP
Feb 24, 2016 (LBO) – The Asian Development Bank (ADB) and Sri Lanka Ports Authority (SLPA) signed a transaction advisory services agreement Tuesday to develop the East Container Terminal (ECT) of Colombo Port through public–private partnership (PPP). The signing was witnessed by Takehiko Nakao, President of ADB, and Sri Lanka’s Finance Minister Ravi Karunanayake. “The […]
Sri Lanka offers discount for Myanmar Transshipments, threat from Vizhinjam
Feb 23, 2016 (LBO) – Sri Lanka Ports Authority has decided to grant a 10 percent discount on transshipment handling charges of the ship companies who comply to carry out Myanmar transshipment operations through the Colombo port. The decision aims to attract fast growing transshipment industry in Eastern India, Bangladesh and Myanmar, to the Colombo […]
Aitken Spence records Rs. 1.1bn as PBT in third quarter
Leading conglomerate Aitken Spence PLC posted its interim results to the Colombo Stock Exchange (CSE) released on Friday. The blue-chip’s financial results for the quarter ended 31st December 2015 saw profit-before-tax decrease by 25.3 per cent to Rs. 1.1 bn while profit attributable to equity holders decreased by 26.7 per cent to Rs. 637 mn. […]
Sri Lanka’s Colombo Port records highest daily volume of 22,422 TEUs
Feb 12, 2016 (LBO) – Sri Lanka’s Ministry of Ports and Shipping said the Colombo Port recorded its highest daily handling of 22,422 TEUs on 9 February, up from 22,186 recorded on 28 April last year. Of the total 22,422 containers handled at Colombo port Tuesday, 9, 875 or 44 percent had been done at […]
Sri Lanka invites proposals for Colombo Port East Container terminal
Feb 11, 2016 (LBO) – The cabinet has decided to invite expressions of interest and business proposals from interested parties for Colombo Port’s East Container terminal. The cabinet has also decided to appoint the Asian Development Bank as the project’s Transaction Adviser. The second deep-water terminal in the Colombo Port Expansion Project is the East […]
Sri Lanka’s port sector regulations and policies need to be updated: Arjuna
Feb 09, 2016 (LBO) – Sri Lanka needs to conduct open discussions and update its information, regulations and policies to provide solutions for ports and maritime sector issues, Minister of Ports and Shipping said in a statement. “All the information, regulations and policies in the sector should be updated to meet the current requirements of […]
Cycling encouraged in Sri Lanka Megapolis transport plan
Feb 08, 2016 (LBO) – Sri Lanka’s Megapolis plan for the Western region aims to promote bicycle usage as a mode of transportation as it is environmentally friendly, reduces emissions and fuel costs and improves public health, the report states. This is one aspect of intervention to improve transportation in the Western region, a copy […]
Hambantota port to receive its largest cruise liner
Feb 06, 2016 (LBO) – Sri Lanka Ports Authority (SLPA) said that the Hambantota Port would receive the largest cruise ship to call at the port, MS Rotterdam, this Sunday. Measuring 238 m in length with 600 staff, MS Rotterdam is a luxury cruise ship from Netherlands. The ship will leave from Cochin harbor, Indian […]
Safety of life at sea amendment from July, says European Chamber of Commerce
Jan 28, 2016 (LBO) – The International Maritime Organization’s amendment to the Safety of Life at Sea (SOLAS) agreement will come in to effect globally on July 1, 2016, which Sri Lankan authorities and shippers will need to follow, the European Chamber of Commerce in Sri Lanka said in a white paper. This amendment stipulates […]
IRCON plans to assist Sri Lanka Railway future projects
Jan 28, 2016 (LBO) – Indian government backed IRCON International has expressed its willingness to assist Sri Lanka’s railway development in line with the priorities of the transport sector, a company official said.Commemorating their 7 year presence in Sri Lanka, Project Director S L Gupta told reporters Wednesday that the timely completion of their projects […]