Category: Shipping and Transport
Exports drop 7.4-Pct in April 2015 YOY; trade gap widens: Central Bank
June 25, 2015 (LBO) – Sri Lanka’s export earnings dropped 7.4 percent to 708 million US dollars in April 2015 from a year earlier mainly due to the reduction in tea and petroleum product exports, the Central bank said. The reductions recorded in exports earnings from tea, petroleum products, sea foods, rubber products, textiles and […]
Sri Lanka to recover GSP+ after Human Rights Council sessions in Geneva: PM
June 22, 2015 (LBO) – Sri Lanka will regain the GSP plus trade concession after the Human Rights Council sessions which are to be held in Geneva in September, Prime Minister Ranil Wickramasinghe said. The European Union withdrew the concessions in 2010 expressing deep concern over alleged human rights violations said to have occurred during […]
SriLankan flight experiences turbulence, minor injuries to crew
June 18, 2015 (LBO) – Sri Lanka’s state airline, SriLankan Airlines’ Colombo bound flight UL 564 from Paris had experienced a turbulent weather conditions over the Arabian Sea, close to India, landed safely at BIA this morning, the airline said in a statement.The Aircraft was an Airbus 330-200. SriLankan says the flight was carrying 193 […]
Sri Lanka Ports Minister calls for maritime policy to develop sector
June 18, 2015 (LBO) – Sri Lanka’s Ports and Aviation Minister Arjuna Ranatunga says that if the maritime industry is to progress further it needs to have clear policy. “What we are trying to do is to get the industry and the experts together and make a policy through that,” Ranatunga said recently. “We are here to support […]
Sri Lanka’s Hambantota port needs to be made viable: Minister
June 17, 2015 (LBO) – Sri Lanka’s Hambantota port should be transformed to a level of making profits as in the case of the Colombo Port, Ports and Aviation Minister Arjuna Ranatunga said. “We must make Hambantota a viable port and get it on the right track and develop it. This is the issue that […]
Iranian merchant ship not carrying crude oil to Sri Lanka: Ministry of Foreign Affairs
June 10, 2015 (LBO) – Sri Lanka’s Ministry of Foreign Affairs said that the country will not unload any cargo of the Iranian merchant ship, F Whale and it is not carrying crude oil shipment to state-run Ceylon Petroleum Corporation. “We have information that the vessel of the name of F Whale under the Panama […]
Sri Lanka customs chief resigns; FM to take action against anyone hampering revenue collection
May 25, 2015 (LBO) – Sri Lanka customs chief Jagath P Wijeweera has rendered his resignation letter citing personal reasons, Finance Minister Ravi Karunanayake said.“We accepted it and greeted him for his service,” Karunanayake told reporters Monday.Finance Minister urged customs officers to expedite revenue collection saying it is their duty to collect each and every cent.“You […]
Sri Lanka’s vehicle registration up due to low interest leasing facilities and Yen depreciation
May 07, 2015 (LBO) – Sri Lanka’s vehicle registration grew 31.5 per cent to 429,556 in 2014, backed by low interest leasing facilities, Japanese Yen depreciation against Sri Lankan rupee, rise of hybrid vehicle imports and increase in of motor cycle registration, the Central Bank said. “The number of new vehicles registered during 2014 increased […]
“The world”, a luxury residential yacht visits Sri Lanka
Apr 09, 2015 (LBO) – Sri Lanka’s Colombo and Galle shores were recently visited by privately owned residential yacht “The World”, with hundred and sixty five residents on board from 19 different countries a statement said.The ship is 644 feet long and has 165 individual homes gives the experience of owning a luxury house which […]
‘s port city project awaits new instructions
Apr 07, 2015(LBO) – Sri Lanka’s controversial Chinese funded port city project builders said that the government is yet to invite the company for discussions or issue a directive regarding the project review process, which is currently underway. The Chinese companies involved are China Communication Construction Company (CCCC) and the Project Company of the Colombo […]
Sri Lanka’s port city project temporarily suspended
March 04, 2015 (LBO) – Sri Lanka’s controversial Chinese funded Colombo port city project has been temporarily suspended due to pending of an investigative report on the issue, Island’s Investment Promotion Minister said today.Investment promotion minister Kabir Hashim told LBO that the project approval has been violated the country’s law.“For now it seems a breach […]
Marina Study
Oct 27, 2014 (LBO) – Sri Lanka’s Colombo port city is to undergo a multidisciplinary marina study by Atkins, one of the world’s leading design, engineering and project management consultancies, a media release said. Atkins has been appointed by China Harbour Engineering Company to assess the opportunity of incorporating a marina into the proposed 2.5sqkm […]