Category: Shipping and Transport

Sept 29, 2011 (LBO) – Sri Lanka’s navy is monitoring merchant shipping movements to guard against the threat of attacks by Somali pirates who have been extending their raids further east into the Indian Ocean. The International Maritime Bureau has warned that pirate attacks might extended even further east towards Sri Lanka. Sri Lanka Ports […]

Sept 29, 2011 (LBO) – Sri Lanka will borrow around 500 million US dollars from local banks to pay domestic contractors who will pave national highways and provincial roads with concrete. The Cabinet of ministers has approved a proposal by the Ministry of Highways for the project to repair part of the road network, a […]

Sept 28, 2011 (LBO) – The Sri Lankan agency for South Korea’s KIA Motors is to set up three more service stations within the Colombo metropolitan region and then go outside the capital as sales soar. KIA Motors (Lanka) has said it is to invest about a billion rupees in the next three years to […]

Sept 23, 2011 (LBO) – Registrations of new vehicles in Sri Lanka dropped in July 2011 to 43,725 from a high of 48,157 a month earlier, while 12-month growth slowed to 30. 8 percent from a 55.8 percent in June, official data showed. In July, new car registrations fell to 4,338 from 5,069 a month […]

Sept 22, 2011 (LBO) – A Sino-Lanka consortium that is to build a container terminal in Colombo’s new deep-water South Port has signed a deal with Sri Lanka’s investment promotion agency entitling it for tax breaks. Building of the 500 million US dollar terminal by the consortium consisting of China Merchants Holdings, Sri Lanka’s Aitken […]

Sept 21, 2011 (LBO) – Container cargo volumes at Sri Lanka’s Colombo port fell in July although still higher so far this year compared with the same period in 2010, with a noticeable downturn in transhipment traffic. The total number of containers fell 2. 6 percent in July 2011 to 354,054 TEUs (twenty-foot foot equivalent […]

Sept 21, 2011 (LBO) – The Sri Lankan agency for South Korea’s KIA Motors is to invest about a billion rupees in the next three years to expand its service facilities amid a surge in sales of sports utility vehicles. Imports of motor vehicles into the island surged after the government slashed import duties, some […]

September 17, 2011 (AFP) – At least three people including a Korean national were killed and about 25 injured near the Sri Lankan capital when a passenger train crashed into the back of another train, police said. Railway workers were still searching for passengers who might be trapped in the wreckage after the accident, which […]

Sept 09, 2011 (LBO) – Cleveland Bridge UK has signed a 56 million US dollar contact with Sri Lanka’s Ministry of Economic Development to provide up to 210 bridges in rural locations island-wide including in the former north-east war zone. The project will be backed by the UK government’s Export Credit Guarantee Department (ECGD), the […]

Sep 05, 2011 (LBO) – The long-delayed opening of Sri Lanka’s first expressway will be delayed further although construction of the road is over because toll booths and fuel stations are still being built, an official said. The opening of the first section of the southern expressway that was to have been in September has […]

Sep 02, 2011 (LBO) – The state-run Sri Lanka Ports Authority (SLPA) is to provide medical insurance for its employees with the cost borne by the authority which is hugely overstaffed and lost money last year. The SLPA has signed a deal with the National Insurance Trust Fund (NITF) to provide a “comprehensive Medical Insurance […]

Aug 31, 2011 (LBO) – Sri Lanka’s Colombo Dockyard said it has won an order to build two passenger ferries for India’s Laskshadweep island administration, on the wake of an earlier delivery to the same customer. The contract comes a year after delivery of two passenger vessels, Arabian Sea and Lakshadweep Sea, for the Administration […]