Category: Shipping and Transport
HIP sees 40-pct Increase in RORO transshipment between 2nd and 3rd Quarters
The Hambantota International Port (HIP) has marked a 40 percent increase in RORO vehicles handled between the 2nd and 3rd quarters of 2024. From 125,526 units handled in the 2nd quarter the port went up to 175,583 RORO units handled as at the end of September. A contributing factor to this is the increase in […]
CMA CGM applies surcharges on cargo from India, Sri Lanka, Middle East Gulf
French ocean carrier CMA CGM has notified its customers of an Overweight Surcharge (OWS), effective from 1 October 2024 until further notice. The surcharge will apply to shipments originating from India, Sri Lanka, Middle East Gulf & Djibouti, destined for North Europe (incl. Scandinavia, Poland, Baltic), East & West Mediterranean, Adriatic, Black Sea & North […]
Admiral Sirimevan Sarathchandra Ranasinghe (Rtd), new Chairman of Sri Lanka Ports Authority
Admiral Sirimevan Sarathchandra Ranasinghe (Rtd) aasumed duties today (10/03/2024) as the Chairman of Sri Lanka Ports Authority (SLPA). He was the Commander of the Navy from October 2017 to December 2018. Admiral Ranasinghe also served as the Secretary to Ministry of Ports and Shipping & Southern Development in 2019. He is an Anti-Submarine Warfare Specialist […]
German Federal Ministry for Economic Affairs Explores Opportunities at HIP
Tobias Pierlings, Director and Head of Division for South Asia and Southeast Asia at the German Federal Ministry for Economic Affairs and Climate Action, Berlin and a delegation from the German Embassy in Sri Lanka, visited the Hambantota International Port (HIP) last week. The visit was to explore potential business opportunities in Sri Lanka and […]
Cordelia Cruises to begin 2025 season at HIP in June
Cordelia Cruise Lines completed its second season of calls at the Hambantota International Port (HIP) in September 2024. The scheduled 6 visits between July and September brought in over 5000 tourists to the country. The next season of Cordelia cruises, which will also be 6 calls at HIP, is scheduled to begin in June 2025 […]
Parliament Approves Offshore Banking Regulations At Port City Colombo
Port City Colombo announced that the two gazetted regulations, Offshore Banking and Offshore Banking — Prudent Management and Confidence, were officially passed by the Parliament of Sri Lanka on 4th September 2024. This milestone represents Port City Colombo’s ambitious aim to position itself as a formidable regional financial centre, which would attract an increased inflow […]
MV EVER ARM makes first call at SLPA controlled Colombo East Container Terminal
The container vessel MV EVER ARM made its first call at the Colombo East Container Terminal (CECT) on September 5, 2024. The vessel is part of Evergreen’s fleet, operating on the China-Europe-Mediterranean (CEM) route, sailing under the Taiwanese flag. This call marks a significant milestone for the Sri Lanka Ports Authority (SLPA), which operates the […]
Exponential increase in vessels arriving at Hambantota International Port for repairs & layups
There has been an exponential increase in the number of vessels arriving at Hambantota International Port (HIP) for repairs and layups this year, marking a significant boost in its operational growth. From January to August 2024, the port hosted 23 vessels for these services, a remarkable 53% increase compared to the 15 vessels during the […]
Digital Mobility Solutions Lanka (PickMe) Announces IPO
Digital Mobility Solutions Lanka Limited, the innovator behind Sri Lanka’s leading mobility solutions app PickMe, announces its forthcoming Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE). The IPO will feature an offer for sale of 43,474,179 existing ordinary voting shares at a price of LKR 36.00 per share, opening on September 13, 2024. […]
Advanced port technology & automation to make Colombo Port more efficient: SLPA Chairman
“Adopting advanced port technology and automation are some of the latest solutions planned by the Port of Colombo to increase productivity and efficiency in global port operations,” said Mr. Keith D. Bernard, Chairman of the Sri Lanka Ports Authority (SLPA). “Despite facing challenges like congestion, limited space, and equipment shortages, the Port of Colombo remains […]
Port City Colombo attracts 100+ companies as authorised persons
Port City Colombo has achieved a significant milestone, on-boarding 100+ companies as Authorised Persons (AP’s), as of August 24th, 2024. These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, Finance, Professional Services, Shipping, Logistics, Tourism, Healthcare, Real Estate Development, and Global Capability Centres. Among these […]
‘s economy
In the high-stakes world of trade and logistics, corruption at Sri Lanka’s customs, IRD, ports, and airports is not just an inconvenience—it’s a crisis that’s crippling the nation’s export sector. Outdated, manual systems have become breeding grounds for corruption, where bribery and inefficiency rule, bleeding exporters dry and stifling economic growth. The country stands at […]