Category: Shipping and Transport

Jan 19, 2012 (LBO) – IRCON International Ltd, an Indian company in railway infrastructure, has completed and handed over part of a rail track in southern Sri Lanka that is being upgraded with Indian aid. The formal hand over of th completed section of the Galle-Hikkaduwa railway track was made Thursday by S M Krishna, […]

Jan 13, 2012 (LBO) – Sri Lanka’s Aiken Spence group has confirmed it was renegotiating a contract to build a deep-water container terminal with a Chinese shipping group after reports that it would pull out as costs had escalated beyond its means. Aitken Spence had reportedly been forced to pull out of the deal, the […]

Jan 12, 2012 (LBO) – Sri Lanka will build three elevated highways to ease traffic congestion in the capital Colombo connecting two central locations with expressways out of the city, a minister said. Information minister Keheliya Rambukwelle said Egis Bceom International of France will carry out a feasibility study and prepare outline designs for the […]

Jan 12, 2011 (LBO) – Sri Lanka’s Maxim Holdings (Pvt) Ltd, will build a 700 million rupee warehouse complex with a packing plant for its own use and for lease to other tea exporters, an official said. The firm, connected Sri Lanka’s Moslanka Investment (Pvt) Ltd, will build a 70,000 square feet warehouse complex in […]

Jan 11, 2012 (LBO) – China Merchant Holdings (International), and state-run Sri Lanka Ports Authority may buy parts of a 30 percent stake in a container terminal project at Colombo port held by private listed Aitken Spence, a media report said. China Merchants is already the dominant partner a 55 percent stake and the SLPA […]

Jan 11, 2012 (LBO) – Sri Lanka’s Aitken Spence, may be forced to pullout from a container terminal project in Colombo after financing from a Chinese bank fell through, requiring additional financing from consortium partners, sources said. The new commitment would have been a further 130 million US dollars, which was beyond the capacity of […]

Jan 07, 2012 (LBO) – The Sri Lanka Ports Authority has acquired the last consignment of tractors under an equipment upgrade for its container terminal in Colombo port that will replace aging assets and improve efficiency. The SLPA has taken delivery of 50 yard tractors under its 100 million US dollar equipment upgrade with previous […]

Jan 06, 2012 (LBO) – Sri Lanka has started a study to plan new roads to ease congestion in the capital Colombo and provide fast connections to expressways, the head of the island’s Road Development Authority said. RDA chairman R W Pemasiri said heavy congestion is seen on High Level Road, Baseline Road and from […]

Dec 30, 2011 (LBO) – Stiff competition among major container shipping lines that has cut freight rates is likely to continue next year, helping Sri Lankan shippers facing a slowdown in demand in key markets, trade officials said. Alphaliner said recent realignments among big shipping lines with vessel sharing and slot exchange deals meant to […]

Dec 28, 2011 (LBO) – India’s Tata and Maruti brands is leading Sri Lanka’s vehicles market taking a lion’s share of both automobile and trucks, data compiled by a Colombo based stock brokerage shows. In November 1,348 Maruti cars were registered in a market where about 4,500 to 5,000 cars are registered each month, data […]

Dec 21, 2011 (LBO) – Colombo port has handled its first ship capable of carrying 10,000 containers and will soon be the only port in south Asia to handle even bigger cargo vessels given new deep-water terminals under construction. APL Chongqing docked at the state-run Jaya Container Terminal, the main transhipment facility in Colombo, Monday, […]

Dec 20, 2011 (LBO) – A Sri Lankan training academy has tied up with an American logistics organisation to certify its courses to build a body of transport professionals amid a post-war port and airport building boom. Sri Lanka’s Shippers’ Academy Colombo (SAC) said it has struck a deal with the American Society of Transportation […]