Category: Shipping and Transport

July 07, 2012 (LBO) – Sri Lanka has moved up 56 places to 81 in a World Bank logistics performance index for 2012, as a result of improvements in infrastructure and quality of logistics services, a business chamber has said. To compile the index, nearly a thousand international freight forwarders have been surveyed on areas […]

July 06, 2012 (LBO) – India’s Bajaj Auto has cut prices for Sri Lanka between 5 to 14 percent after an excise duty hike in the island slashed sales, which was 17 percent of its total exports, a media report said. India’s Economic Times said Sri Lanka accounted for 5-7 percent of total sales and […]

July 03, 2012 (LBO) – New vehicle registrations in Sri Lanka may drop up to 40 percent in 2012 and dreams of motor bike owners to move on to small cars will be shattered, industry officials said. In 2011, 525,421 new vehicles including 253,331 motor bikes and 57,886 motor cars were registered, up 46 percent […]

June 30, 2012 (LBO) – Hadi Hamad Al-Hammam group, a Saudi Arabia based firm, will invest 44 million US dollars in Seagulf Shipyard (Pvt) Ltd, a boat repair centre in Sri Lanka’s Galle port, the state investment promotion agency said. “The project will also create employment for marine engineers and maintenance in ship repair and […]

June 28, 2012 (LBO) – Sri Lanka’s ports agency will lease land to three companies to build warehouses at a new industrial port in Hambantota in the island’s south, minister Keheliya Rambukwelle said. McLarens Holdings Ltd, will invest 4.0 million US dollars on a 2.5 hectare block, Ace Distripartks (Pvt) Ltd, will invest 3. 0 […]

June 28, 2012 (LBO) – Sri Lankan shipbuilder Colombo Dockyard has launched the hull of a new supply vessel it is building for a Singapore customer supplying the growing global offshore oil and gas industry. Greatship Global Offshore Services is a Singapore incorporated subsidiary of Greatship (India) Limited, part of the Great Eastern Shipping group […]

June 20, 2012 (LBO) – Sri Lanka’s Logiventures, a unit of conglomerate Hayleys PLC, is expanding its fleet of car carriers to meet the growing demand to transport vehicles being cleared from the southern port of Hambantota. Logiventures is also investing in a vehicle transit facility close to the Hambantota port, to facilitate clearing, inspection […]

June 16, 2012 (LBO) – Sri Lanka’s listed Colonial Motors Plc, said it had bagged the agency for Japan’s Mazda Motor Corporation. The firm said a deal appointing it as the importer and distributor of Mazda vehicles for Sri Lanka and the Maldives was signed on June 11. Sri Lanka recently hiked taxes on motor […]

June 07, 2012 (LBO) – Sri Lanka’s motor car registrations fell 16.1 percent in the first quarter of 2012 to 12,496, with a steeper 23.3 percent fall to 4,246 in the month of March, official data show. Interest rates on leases, which are used to buy cars, had gone up steadily since the last quarter […]

June 07, 2012 (LBO) – Sri Lanka hopes to attract five billion dollars in foreign direct investments from the ports sector by 2014, which includes a project to build a formula one track on reclaimed land, a report said. Expanding Investor Mix Wickrama said foreign investors should also look at Sri Lanka, for its close […]

June 6, 2012 (LBO) – Vehicle transshipment from Sri Lanka is getting underway, with Asia’s second largest automaking group starting to use a new port in the south of the island, where up to four vessels are expected to call each month. On June 17, another Hyundai Glovis car carrier, ‘Asian Legend’ will come to […]

June 04, 2012 (LBO) – Sri Lanka’s state run ports agency said it was eying more international vehicles transshipment business with a new port in Hambantota to start berthing roll-on roll-off car carriers from the first week of June. On June 05, the vessel N4K Ericia will arrive from Japan with 15 vehicles for transshipment […]