Category: Shipping and Transport

July 01, 2013 (LBO) – Sri Lanka’s Hemas group, which has interests in consumer goods, leisure power and logistics said it has started building a container yard and warehouse in Welisara, north of the capital Colombo.It will handle and store empty and laden containers. The firm will also provide warehousing facilities to exporters, mainly aimed […]

June 12, 2013 (LBO) – Sri Lanka’s vehicle importers have been badly hit by a sharp increase in theft of parts in vehicles imported via Hambantota port and security has been tightened, officials said.“Our members frequently complain to us that there is a strong increase in the stealing of vehicle parts especially in the past […]

June 08, 2013 (LBO) – Sri Lanka’s Kia automobile distributor which launched the 2013 Sorento sport utility model in Colombo is banking on tax slashed permits issued to state workers to sell the vehicles, an official said.“We haven’t gone in to those markets yet but I am sure there is potential,” Perera said.“I guess with […]

May 06, 2013 (LBO) – State-run Sri Lanka Ports Authority has contracted Hyundai Engineering to build a 36 billion rupee berth in an expansion project of the Colombo port, the state information office said.The cabinet of ministers had given the nod to proceed with the project. The berth will be built on the East Terminal […]

June 6, 2013 (LBO) – Sri Lanka Ports Authority inked a deal for a 44 million US dollar yatch and shipbuilding facility, Thursday with Saudi Arabia based Hadi Hamad Al-Hammam Group’s Seagulf Shipyard (Pvt) Ltd, the state port agency said. Chairman of SLPA, Priyath Wickrama, Hadi Hamad Al-Hammam, president, Hadi Hamad Al-Hammam Group and Nazeer […]

June 04, 2013 (LBO) – Sri Lanka’s Hambantota Port has drawn about a billion US dollars in investments in a second call for investors, the state port agency chairman Priyath Wickrama said. Eleven manufacturing and processing for export industries with combined value of a billion US dollars had been selected by a cabinet appointed negotiations […]

June 3, 2013 (LBO) – A fire at a general cargo warehouse at Sri Lanka’s Colombo Port which resulted in about 600 million rupees of damage appeared to have been caused by falsely declared dangerous chemicals, officials said.Sri Lanka Ports Authority Chairman Priyath Wickrama said 461 customers had given information about the cargo imported and […]

May 29, 2013 (LBO) – China Development Bank will help finance an expressway to Sri Lanka’s North, the government said, after visiting President Mahinda Rajapaksa met its chairman Hu Huaibang in Beijing.CDB had already given 866 million US dollars for roads and irrigation including 214 million US dollars for Sri Lanka’s Moragahakanda Irrigation Project. The […]

May 27, 2013 (LBO) – Sri Lanka Ports Authority said operations at Colombo Port are as usual following a fire in the early hours of May 24.SLPA is looking at compensating customers whose cargo was damaged, the SLPA said. “At present, all operations at SLPA and the Port of Colombo are carried out as usual […]

May 24, 2013 (LBO) – Sri Lanka Ports Authority said a fire that broke out in a container freight station at Colombo Port has been brought under control and authorities are assessing the damage and probing its cause.Fire brigades of Sri Lanka Ports Authority, Sri Lanka Army, Navy, Air Force, Colombo Dockyard and Colombo Municipal […]

May 23, 2013 (LBO) – Sri Lanka’s Diesel and Motor Engineering Company Plc, has reported losses of 36 million rupees in the March 2013 quarter down from profits of 427 million rupees, following a tax hike which hit the auto market. Taxes on cars were raised despite warnings from the both the International Monetary Fund […]

May 20, 2013 (LBO) – Sri Lanka’s motor vehicle registrations have picked up slightly in April 2013 though still remaining far below levels seen after taxes were hiked last year, an analysis by an equities research house shows.There was a slight pick-up in all vehicle registrations in January 2012 and which petered off in the […]