Category: Shipping and Transport

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 […]

Oct 15, 2013 (LBO) – Sri Lanka’s Aitken Spence group said efficiency at Fiji’s Suva and Lautoka ports were up 35 percent two months after it took over operations.Minister for public enterprises in Fiji, Aiyaz Sayed-Khaiyum was quoted as saying in the statement that the country was looking forward to incorporating Aitken Spence’s management systems […]

Oct 03, 2013 (LBO) – The first of seven Sri Lankan flagged ships plying international waters recently received International Labour Organisation certification for meeting the requirements of the Maritime Labour Convention of 2006.It is on charter to Safmarine, a company in the AP Moller-Maersk group and trades on the EURWAF service from Europe to West […]

Sept 30, 2013 (LBO) – Sri Lanka is planning to build an artificial island off Hambantota in the South of the island with the sand dredged to expand a port there, a media report said. In the first phase the Hambantota is positioned as an industrial and bunkering port. The port will get revenue from […]

Sept 26, 2013 (LBO) – Sri Lanka has to double road capacity every 10 years to meet rising demand, the Asian Development Bank said after approving a fresh loan to expand the island’s road network. The Manila-based bank approved a 75 million US dollar credit to build roads connecting to the island’s first expressway which […]

Sept 03, 2013 (LBO) – German automaker Porsche is expecting to boost sales in Sri Lanka which have been hurt due to tax hikes with its newly launched Cayman model and a hybrid to be introduced soon, officials said.“The market in Sri Lanka is maturing nowadays and we have seen lot of interests in the […]

Aug 25, 2013 (LBO) – Sri Lanka’s Hambantota port has welcomed its 100th roll-on-roll-off car carrier this month when ‘Istra Ace’, a vessel operated by Mitsui OSK Line called at the port.Sri Lanka Ports Authority said it started handling car carriers at the port on June 2012. SLPA chairman Priyath Wickrama said the port has […]