Category: Shipping and Transport

Jan 16, 2014 (LBO) – MV OEL Emirates, the latest vessel in Dubai-based Orient Express Lines had made its maiden call at Sri Lanka’s Colombo port.OEL has services from Colombo to Chennai, Cochin , Tuticorin, Male and Chittagong. Orient Express Lines is a member of Dubai-based Transworld Group of Companies which also has interests in […]

COLOMBO, December 17, 2013 (AFP) – Sri Lanka has recorded a sharp rise in drug busts, suggesting the island is becoming a transhipment hub for heroin in Asia, a government minister said Tuesday. In August, Sri Lanka customs found 260 kilos (572 pounds) of pure heroin in a container at the Colombo port. The cargo […]

COLOMBO, December 17, 2013 (AFP) – Sri Lanka will revive its defunct state-run shipping company by introducing two new cargo vessels bought from China, the government said Tuesday. The Ceylon Shipping Corporation will buy two 64,000-tonne bulk carriers that will also be used to train Sri Lankan crew, Information Minister Keheliya Rambukwella told reporters. He […]

Dec 11, 2013 (LBO) – Sri Lanka’s motor vehicle registrations were flat in November 2013 at 27,424 units, barely changed from 27,082 a year earlier but there were steep increases in hybrids, large cars and sport utility vehicles, an analysis by a research house shows.Motor car registrations at 2,226 in November were sharply up from […]

Dec 09, 2013 (LBO) – Sri Lanka’s Hemas group said it had commissioned an inland container terminal that can store and service 3,000 twenty foot containers.The firm is planning to provide warehousing services in the future. “With the national intent to make Sri Lanka as a transportation hub, this is a one of many steps […]

Nov 28, 2013 (LBO) – Sri Lanka’s Colombo Dockyard, a ship repair and building firm, found its competitiveness hurt by import restrictions on specialist lubricants.Sri Lanka requires a ‘no objection’ letter from the government to import lubricants as it is a licensed business on which the state has placed import restrictions. A Dockyard official told […]

Nov 25, 2013 (LBO) – Profits at Sri Lanka Ports Authority was up sharply in the first nine months of the year, helped by a weaker Japanese Yen and higher container volumes, a finance ministry report said. SLPA has recorded revenues of 25.9 billion rupees for the nine months to September 2013, Revenues were up […]

Nov 04, 2013 (LBO) – Sri Lanka’s new vehicles registrations slowed across the board in September 2013 from a month earlier, though two wheelers showed growth, an analysis by an equities research house showed.New motor car sales which have been climbing for four straight months from 1,887 in June to 2,559 in August fell to […]

October 30, 2013 (AFP) – An anti-corruption watchdog Wednesday criticised the appointment of Sri Lanka’s navy chief as head of the country’s shipping company, calling it a further sign of the military’s growing influence. Vice Admiral Jayanath Colombage took over as chairman of the state-run Ceylon Shipping Corporation (CSC) on Tuesday which he will run […]

Oct 28, 2013 (LBO) – Sri Lanka has opened a 25.8 kilometre toll-road to the main international airport which is expected to sharply cut travel time and reduce congestion on existing roads.Travel time to the airport in Katunayake, from Peliyagoda, just outside the capital Colombo is expected to be 20 minutes, down from about an […]

Oct 28, 2013 (LBO) – Profits and Diesel and Motor Engineering Plc, agents for Mercedes and Tata in Sri Lanka slipped 58 percent to 47,590 million rupees in the September 2013 quarter form a year earlier.The firm reported earnings of 5.36 rupees per share for the quarter. For the six months to September profits were […]

Oct 25, 2013 (LBO) – Sri Lanka’s state ports agency is expecting to sign a deal a 1.4 billion US dollar sea reclamation deal which will with a Chinese firm next month, an official said. Sri Lanka Port Authority has already chosen China Communications Construction Company to reclaim 230 hectares bordering Colombo port. “We are […]