Category: Shipping and Transport

July 20, 2012 (LBO) – A 24 kilometre road in Sri Lanka’s from Maha Oya to Aralaganwila will be built under a scheme where a 500 million dollar bank credit will be used by the state road agency fund domestic contractors. Sierra Construction (Pvt) Ltd has got the contract to build the road for 2,363 […]

July 19, 2012 (LBO) – Sri Lanka will engage SMEC International (Pty) Ltd, an Australia based consultancy develop an expressway project from the capital Colombo to the central part of the island, to bring in private investment, a minister said. The rest of the Northern Expressway involves connects to Jaffna. A connection is also expected […]

July 17, 2012 (LBO) – Sri Lanka’s new vehicle registrations plunged 46 percent to 21,587 in June 2012 from a year earlier, with new three wheelers falling 64 percent an analysis by an equities research unit has shown. An analysis of new vehicle registrations by JB Stockbrokers said new car registrations fell 66 percent to […]

July 15, 2012 (LBO) – Sri Lanka is at the centre of the “next great shift” in the shipping and ship building industry that is underway, the head of the world’s largest classification society said. The island’s location, big port construction projects and plans to expand its hub role, makes it well-placed to emerge as […]

July 13, 2012 (LBO) – Colombo Dockyard has delivered the first of a series three vessels to support offshore oil and gas fields for Greatship Global Offshore Services of Singapore. The Multipurpose Platform Supply Vessel (MPSV), delivered Wednesday, is designed by Seatech Solutions International (S) of Singapore, and is the latest new build by the […]

July 12, 2012 (LBO) – Sri Lanka can get into maritime businesses like ship management as it improves its position as a shipping hub in south Asia with the construction of two big deep-water ports, an official said. The island has a lot of potential in supply chain management and logistics from a ship management […]

July 11, 2012 (LBO) – A 5.4 kilometre new breakwater at Sri Lanka’s Colombo port is armoured with 20 tonne patented concrete blocks to withstand the worst monsoons in 200 years, an official said. Three new container terminals which are schedule to be built up to 2020 are coming up within a new 375 million […]

July 11, 2012 (LBO) – Sri Lanka’s shipping industry will need more trained workers specializing in key areas of the shipping business as the island treads a path to become a regional logistics hub, an industry official said. The new Colombo port is expected to increase annual capacity to 13 million containers from the current […]

July 10, 2012 (LBO) – Sri Lanka’s state-run ports agency is targeting a billion US dollars of investment at the southern Hambantota Port in a request for proposals that is closing in August 2012, an official said. The Chinese finance port is positioned as an industrial port with transshipping via roll-on-roll off vessels, entrepot trade […]

July 10, 2012 (LBO) – Sri Lanka’s state-run ports agency is evaluating nine proposals from nine investors to build industries near the northeastern port of Trincomalee, chairman Priyath Wickrema said. Sri Lanka’s Hambantota port has already received about 800 million US dollars of investments and a second investment round where bids are closing on August […]

July 09, 2012 (LBO) – A two day sea trade conference aimed at examining Sri Lankan’s maritime infrastructure and positioning the island as a transshipment logistic hub will kicks off Tuesday in Colombo. Sessions will also analyze and review major maritime development projects in Sri Lanka, look at attracting investments for maritime projects and oil […]

July 10, 2012 (LBO) – Sri Lanka is expecting 15 billion US dollars of investments to pour into a ‘port city’ on reclaimed beachfront land bordering the island’s main port in Colombo, during the next 10 years, an official said. Reclamation of the 243 acre site is set to begin in October and is expected […]