Category: Shipping and Transport
Sri Lanka marks maritime and naval week from Sept 21-27
Sep 22, 2015 (LBO) – Sri Lanka has declared September 21 to 27 as Maritime & Naval week and to mark the occasion a souvenir and a badge was presented to the President Maithripala Sirisena at the President’s official residence Monday, a statement said. “This is the first time Sri Lanka holds an event under […]
High number of Sri Lanka vehicle registrations continue: JB Securities
Sept 14, 2015 (LBO) – Vehicle registration momentum continued into August although in most categories the numbers were lower than the all-time records set in July, JB Securities said in a research note. Total registrations were 50,555 in August lower than 62,221 recorded in July – the main contributor to the slowdown was a fall […]
Sri Lanka’s Hambantota port to be developed with dockyard facility
Sep 09, 2015 (LBO) – Sri Lanka’s Hambantota Port is to be developed with dockyard facilities at the port at an estimated cost of two billion rupees, media reports said.A Chinese company has responded positively to Ports and Shipping Minister Arjuna Ranatunga’s call for expression of interests from potential investors to build dockyard facilities at […]
Ceylon Motor Traders set standards for vehicle deals in Sri Lanka
Sep 02, 2015 (LBO) – The Ceylon Motor Traders Association last week ceremonially launched their ethics code as a move to boost public credibility in the automobile industry. The ethics code includes 46 key proposals that are to be adhered to by 26 member firms of the association. The membership of the 95-year long association […]
Sri Lanka Ports Authority says vessel calling boosted by 12.7-pct in H1 2015 at Colombo Port
Aug 07, 2015 (LBO) – Sri Lanka Ports Authority says the Colombo port has continued to meet the challenges in the maritime sector successfully and two new main shipping lines started using the Port this year. During the first six month of this year the number of vessels calling at the port has increased by […]
Sri Lanka appoints committee to investigate corruption in state transport service
Aug 06, 2015 (LBO) – A Special Investigation Committee has been appointed by the Secretary to the Ministry of Internal Transport to investigate corruption at the ministry and its affiliated institutions within the last five years.The cabinet nod has also been given to a proposal made by Internal Transport Minister Ranjith Maddumabandara to obtain instructions […]
Sri Lanka Customs to get modern container scanning facility; dock yard for Hambantota Port
July 23, 2015 (LBO) – Sri Lanka’s cabinet has approved a proposal to install a modern container scanning system at Sri Lanka Customs with the view of improving the efficiency and productivity of Customs.The proposal has been made by Finance Minister Ravi Karunanayake to implement the system through a partnership with the private sector.Sri Lanka […]
Sri Lanka gets Euro 53mn credit from Spain to construct flyovers
July 16, 2015 (LBO) – Sri Lanka’s government to construct four lane steel flyover in Rajagiriya- Colombo, and two lane flyovers in Ganemulla and Polgahawela to ease the traffic congestion in the Colombo city and suburbs with 53 million Euro credit from Spain, cabinet spokesman Rajitha Senaratne said. The credit from government of Spain which […]
Sri Lanka’s Hambantota Port first phase, a burden of USD51mn per year: SLPA
July 13, 2015 (LBO) – Sri Lanka’s government had to pay 51 million US dollars per year as loan repayments for the first phase of the Hambantota Port, Sri Lanka Ports Authority said. The first phase of the Port commenced in 2007 and incurred over 500 million US dollars while 90 percent of which was […]
Hambantota port second stage water filling this weekend
July 09, 2015 (LBO) – The water filling ceremony of Hambantota port second stage is to be held on 11 July 2015 with the initiatives of Ports Minister Arjuna Ranathunga, the Sri Lanka Ports Authority said.The main construction work of the phase one was officially commenced on 15 January 2008 and the first vessel was ceremonially […]
Sri Lanka Ports Authority profits down 13.5-pct from Jan to Apr 2015
July 03, 2015 (LBO) – Sri Lanka Ports Authority profits have declined by 13.5 percent during the first four months of this year compared to same period in the previous year, 2015 mid year fiscal responsibility report said. The Authority recorded a profit before tax of 3.2 billion rupees during the first four months of […]
Sri Lanka signs loan agreements with OPEC fund for international development
June 26, 2015 (LBO) – Sri Lanka’s government has signed two loan agreements with OPEC fund for international development on Friday to obtain a part financing for rehabilitation of a A5 road corridor from Badulla to Chenkaladi. The road which is one of the major highways linking parts of the Central Province to Eastern Province […]