Category: Shipping and Transport

Apr 28, 2013 (LBO) – A logistics conference and exhibition pushing Sri Lanka’s position as a maritime hub will be flagged off by the island’s President Mahinda Rajapaksa on May 02, featuring regional and international players, organizers said.The event will have international and local exhibitors and expert panels exploring key emerging trends in the region, […]

Apr 25, 2013 (LBO) – A 43 kilometre stretch of Sri Lanka’s Northern Railway line has been re-built to allow trains to be run up to a speed of 120 kilometres, Ircon, an Indian state-run transport engineering firm said.Ircon said the 120 kilometre speed capable track has been laid with pre-stressed concrete sleepers and rail […]

Apr 21, 2013 (LBO) – Sri Lanka has allowed high powered motorbikes with engines of over 1,000 cubic centimeters to come in with a payment of 25,000 rupees through a law promulgated by gazette, a media report said.Sri Lanka’s The Sunday Times newspaper said the law by gazette permitted motor cycles imported “immediately prior to […]

Apr 20, 2013 (LBO) – Sri Lanka will host a regional port conference and exhibition in May, showcasing the island’s rapid advancement as South Asia’s emerging maritime hub and growing commercial opportunities, organizers said. Sri Lanka Ports Authority chief Priyath Wickrama told prospective participants in a statement that the event will allow top domestic and […]

Apr 11, 2012 (LBO) – Operating profits at Sri Lanka Ports Authority (SLPA) rose 57.8 percent to 13.1 billion rupees partly helped by rupee despite a slight reduction in container handling, a state report said.In the past the ports authority had suffered losses due to the appreciation of the yen against the dollar as the […]

Apr 07, 2013 (LBO) – SML Frontier Automotive (Pvt) Ltd, a unit of listed Sathosa Motors will invest in a one million dollar plant in Hambantota to assemble Land Rovers in Sri Lanka, an official said.At the moment the state has raised taxes on cars bought by ordinary people in the street but elected rulers […]

Mar 28, 2013 (LBO) – Sri Lanka’s transport sectors is estimated to contribute to 10 percent of the gross domestic product, but its shortcoming including accidents, traffic jams and delays cost 200 billion rupees, an expert has said.“However about 30 percent is lost due to accidents, congestion, lost time in public transport and damaged goods […]

Mar 28, 2013 (LBO) – A bus rapid transit (BRT) solution could be implemented faster and at a much lower cost to prevent gridlock in Sri Lanka’s capital Colombo, while a more expensive rail based Metro system is built, , officials said. The state has been investing heavily in transport in recent years, but mostly […]

Mar 24, 2013 (LBO) – Sri Lanka’s vehicle registrations hit new low of 23,544 in February 2013, down 44 percent from a year earlier, after taxes were hiked to curb imports, an analysis by an equities research house shows. Registrations of Maruti Zen models were down 88 percent in February 2013 from a year earlier […]

Mar 21, 2013 (LBO) – Japan’s aid agency is preparing a transport master plan for Sri Lanka’s capital and its environs leading to the building of a mass transit system which it could finance, officials said.Tetsuji Iida, senior representative of the Japan International Co-operation Agency told LBO that the transport master plan could come up […]

Mar 18, 2013 (LBO) – Sri Lanka’s expressways will get hi-tec equipment to monitor traffic, disseminate information including weather and analyze data to solve problems relating to traffic conditions, the Japan International Co-operation Agency said. Data from existing closed circuit TV cameras, patrol vehicles, Police and expressway users could also be combined and relevant information […]

Mar 14, 2013 (LBO) – Vinalines Glory, a Vietnam flagged oil products tanker had been ordered to be arrested by a court in Sri Lanka in a dispute over a cargo of contaminated diesel which was refused by the importer.The vessel carried a cargo of 26,000 metric tonnes of petrol and 5,000 tonnes of diesel […]