Category: Shipping and Transport
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 […]
Sri Lanka, main destination for used cars from Japan
Jan 25, 2016 (LBO) – Sri Lanka has set a record as the number one destination for used car exports from Japan in terms of value last year, JB Securities said in a research note. “The main reason for the heightened demand for this category of vehicles was aggressive credit extension from commercial banks,” JB […]
Proposals to be called for Hambantota Port Industrial Zone
Jan 25, 2015 (LBO) – Sri Lanka’s government plans to call for proposals to set up industries in the Hambantota Port’s Industrial Zone under the Hambantota Port Development Project, the Information Department said. Sri Lanka Ports Authority has prepared the business plan in order to identify the business ventures that could be undertaken under the […]
Sri Lanka motor car registrations drop to 7,177 in Dec: JB
Jan 25, 2015 (LBO) – Sri Lanka’s vehicle registration momentum came down in Dec with the reinstatement of the LTV rule and higher incidence of duty on vehicles, JB Securities said in a research note. Total motor car registrations recorded 7,177 units in Dec down from 10,084 units in Nov but significantly up from 4,311 […]
Sri Lanka to call open tenders to purchase locomotives, power sets
Jan 20, 2016 (LBO) – The Transport Ministry is to call open tenders to purchase locomotives for Sri Lanka Railways allowing a German company to forward their bids, Deputy Minister of Transport Ashoka Abeysinghe said. Deputy Minister told LBO that the ministry wants to allow other bidders besides India to forward their bids in this regard. […]
Transport ministry calls local bids to repair railway coaches
Jan 14, 2016 (LBO) – Sri Lanka’s Cabinet has decided to call competitive bids from local industrialists to undertake heavy repairs of railway passenger coaches. As per the Railways Department, around 450 carriages are required to provide transport services and these carriages must undergo heavy repair every two years. Though it is being done in […]