Category: Shipping and Transport

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 […]

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 […]

June 20, 2014 (LBO) – Sri Lanka state-run Ceylon Shipping Lines will buy a tanker to transport crude in addition to two bulk carriers, as part of building up a plan to become a shipping hub, information minister Keheliya Rambukwelle said. Until the shipping line has sufficient capacity it will be given a commission of […]

June 17, 2014 (LBO) – Sri Lanka’s car, sports utility vehicles and motor bike registrations were up in May 2014 from a year earlier, but commercial vehicle were sharply down amid lease defaults.An analysis of Sri Lanka’s vehicle registry data by JB Securities, an equities brokerage showed that total new registrations fell 3.3 percent to […]

June 17, 2014 (LBO) – Sri Lanka Ports Authority said its new port in Hambantota had received try ship-to-shore gantry cranes and one rubber tyred transfer crane from China.Magam Ruhunupura Mahinda Rajapaksa Port (MRMRP) is built with Chinese finance.

Two Sri Lankans held captive by Somali pirates for nearly for years had escaped a British mediator working to free the hostages had said, but four of their colleagues had died during the ordeal.The two men and a woman had been travelling in a convoy guarded by armed police, were seized by gunmen in ambush […]

DHAKA, June 4, 2014 (AFP) – Bangladeshi Prime Minister Sheikh Hasina is likely to seek Chinese funding to build a deep sea port in the Bay of Bengal when she visits Beijing later this week, officials said Wednesday. The proposed port on Sonadia Island off Bangladesh’s southeast coast would cost billions of dollars, but Bangladeshi […]

May 26, 2014 (LBO) – Sri Lanka’s commercial vehicle registrations continued were sharply down from a year earlier, especially trucks in April 2014, though motor cycle sales were up, an analysis by an equities research unit shows.Motor car registrations were flat at 1,917 units, only marginally down from 1977 units a year earlier. Among small […]

May 22, 2014 (LBO) – Sri Lanka’s Aitken Spence group, which has interests in logistics, leisure and energy said it had opened a container repair and rigging facility.Dissanayake said the facility was part of the groups efforts to provide demand chain management solutions. The unit will operate 24 hours and will provide all weather under […]

May 19, 2014 (LBO) – Logistics International Limited, a unit of Sri Lanka’s Hayleys group said its container depot had been automated and efficiency boosted with new technology that stacks two containers at a time.The firms said the Kalmar DCF100-45E6 from Finland based Cargotec-Kalmar was the first of its kind in Sri Lanka. Janitha Jayanetti, […]