Category: Shipping and Transport

Jan 26, 2012 (LBO) – The Sri Lanka Ports Authority is to start trials of an electronic cargo payment system at Colombo port in a tie-up with state-owned Bank of Ceylon next week, officials said. Sri Lanka Ports Authority (SLPA) Chairman Priyath Wickrama said a lot of port activities were being converted to semi-automated systems […]

Jan 26, 2012 (LBO) – Sri Lanka will sign an agreement with Italy authorities allowing Sri Lankan certified seafarers to work on Italian flagged vessels, information minister Keheliya Rambukwelle said. A memorandum of understanding to be signed with the Italy’s maritime administration will recognize certificates of competency issued by Sri Lanka. Sri Lanka’s cabinet of […]

Jan 23, 2012 (LBO) – China Merchant Holdings (International), a Hong Kong listed Chinese state firm, is to up its stake in a container terminal venture at Sri Lanka’s Colombo port by 30 percent to 85 percent with the exit of a private consortium partner. Sri Lanka’s listed Aitken Spence group said it received approval […]

Jan 19, 2012 (LBO) – Sri Lanka’s road development agency has allowed heavy vehicles to use the island’s first expressway opened late last year linking the capital Colombo with the southern town of Galle. Trucks with containers and other goods will be allowed to use the southern expressway along with buses, Road Development Authority director […]

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) – 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 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 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 […]