Category: Shipping and Transport
Sri Lanka Ports Authority gets new MD
Dec 07, 2015 (LBO) – Sri Lanka Ports Authority (SLPA) has appointed Sarathkumara Premachandra as it’s new managing director, the authority said in a statement. “We can make SLPA a successful and competitive public institution that feeds the national economy of the country in a real big way,” Premachandra was quoted as saying in the statement. […]
” mistakes in logistics, transport: CILT
Dec 07, 2015 (LBO) – Sri Lanka’s budget proposals for 2016 repeat many of the mistakes in previous budgets in the areas of logistics and transportation, the Chartered Institute of Logistics and Transportation says in its budget analysis. The institute said the “over-zealous” attitude to improve the road network is likely to continue with projects […]
Railway unions calls President to stop importing locomotives from India
Nov 30, 2015 (LBO) – Sri Lanka’s Railway Trade Union Alliance has urged the President and Prime Minister to stop importing what they called substandard locomotives from India. The alliance said that two separate cabinet papers are to be submitted to the cabinet seeking approval to import locomotives, power sets, and railway carriages as well […]
Lack of direct competition between Sri Lanka ports an issue: Eran
Nov 20, 2015 (LBO) – Sri Lanka must explore the issue that led to the inadequate direct competition of Ports Authority controlled ports, a deputy minister said. Delivering the keynote speech at the CILT International Conference 2015, Deputy Minister of State Owned Enterprises Eran Wickramaratne said direct competition is a critical factor for efficiency.“Lack of […]
Laugfs eyes Asian market with USD80mn LPG terminal, 10 ships
Nov 18, 2015 (LBO) – Sri Lanka’s Laugfs group plans to expand into Asian waters more aggressively with the launching of its planned LPG terminal to be built at Hambantota port, the group chairman said. “We are now aggressively working to become a leading LPG player in other Asian markets, and with this significant investment […]
Sri Lanka’s MTD launches Walkers Colombo Shipyard
Nov 18, 2015 (LBO) – Sri Lanka’s listed MTD Walkers has acquired a ship repair and ship building entity to expand its existing presence in the marine engineering sector.With this acquisition MTD Walkers has access to Mutwal harbor in Colombo which spans across 3.5 acres that will be utilized for ship repair and ship building. […]
China Construction to carry out free feasibility for Sri Lanka’s eastern rail line
Nov 12, 2015 (LBO) – Sri Lanka’s Cabinet spokesperson, Minister Rajitha Senaratne said the government has approved a free feasibility to be carried out by China State Construction Engineering Corporation for the islands north central and eastern railway lines. The feasibility will focus on the rail tracks from Maho to Batticaloa and Galoya to […]
10,288 motor car registrations in Oct in Sri Lanka: JB Securities
Nov 11, 2015 (LBO) – October continued to recorded strong numbers for vehicle registrations in Sri Lanka although down from the record set in September, JB Securities said in a research note. LTV cap of 70 percent was in force during October so it may have had some impact on the slowdown, the note said. […]
Irregularity in bunkering leads to USD19.9mn loss to Hambantota Port
Nov 09, 2015 (LBO) – An irregularity which occurred at the Hambantota Port during the past administration has resulted in a loss of 19.9 million US dollars to Sri Lanka Ports Authority, the Ports Minister revealed.Ports Minister Arjuna Ranatunga said the irregularity is connected to an oil ship that was rejected by CPC due to […]
Aitken Spence to buy 20-pct stake in Fiji Ports Corporation
Nov 05, 2015 (LBO) – Sri Lanka’s diversified conglomerate Aitken Spence and Fiji National Provident Fund is planning to buy 59 percent stake in Fiji Ports Corporation, Aitken Spence said in a stock exchange filing.An agreement has been signed with the Fiji government to acquire the corporation, an entity wholly owned by the government which […]
Public investment in bus, railway a priority before monorail, says transport experts
Nov 05, 2015 (LBO) – From an economic standpoint, Sri Lanka should first develop its bus and railway transportation before spending public money on more expensive monorail, transport sector experts said at the LBR LBO Infrastructure Summit. A Japanese transportation master plan for Colombo, upgraded and approved by University of Moratuwa, envisaged three alternatives for […]
Sri Lanka to build a monorail, calls for proposals this month: BOI Chief
Oct 19, 2015 (LBO) – Sri Lanka’s investment promotion bureau said that the government plans to make a request for proposals this month to build a monorail or mass rapid transit system (MRT) that spreads out from Colombo Fort.“RFPs for the monorail project will be out within a week,” Upul Jayasuriya, chairman of the Board […]