Category: Shipping and Transport
Cross Border Partnership: PickMe ventures into Nepal; IFC endorses move to support startup ecosystem
PickMe has crossed digital borders and will take the ride hailing market by storm with the launch of their latest technology partnership, JumJum (Let’s Go) in Nepal, a country where 78% of 3.22 million vehicles registered are motorcycles. Named as the Motorcycle city, Kathmandu Valley claims to have over a million motorcycles on their busy […]
CEAT Kelani says it is not the company fined by Customs Department
CEAT Kelani International Tyres (Pvt) Ltd. has assured customers, stakeholders and the general public that the Company has no dispute over Customs Duties with the Customs Department and is not subject to any inquiry or penalty by the Department in relation to Customs Duties. Responding to media reports that a leading tyre manufacturer is facing […]
Eight Sri Lankan Diplomats visit Hambantota International Port
With representatives from several foreign embassies represented in Sri Lanka visiting the Hambantota International Port (HIP) to investigate business opportunities, the Sri Lanka Foreign Ministry organised a port visit for its ambassador designates. In line with that, Sri Lankan ambassadors designated to 8 countries were taken on a guided tour of HIP and followed a […]
Thai PM’s Office on fact finding mission at Hambantota International Port
A delegation from the Thai Prime Minister’s office visited the Hambantota International Port (HIP) to explore opportunities and understand how the port operates under the public private partnership between the government of Sri Lanka and CM Port. The 8 member delegation included Ms Wannaporn Niyomthong, Deputy Director from Directorate 8 of Thailand; Surapat Phosaen, Minister […]
First LNG powered vessel calls at Hambantota International Port
The first LNG battery hybrid powered RORO vessel berthed at the Hambantota International Port (HIP) for the discharge of construction machinery and equipment (high and heavy vehicles including airport buses, mobile cranes, etc.). The transshipment cargo is destined for Dammam and Maldives. The Jasmine Leader of NYK Line, which arrived at HIP in the first […]
‘s Rise
Over 300 oil and gas cargo vessels visited the Hambantota international Port (HIP) in 2023, recording a 132 percent increase in vessel calls compared to 2022. A key reason for this is the port’s bunkering partner Sinopec actively operating in the market, bringing significant value addition to the HIP’s commercial operations. The overall oil & […]
VAT on used vehicles hurts the common man and creates a black market – CMTA
The Ceylon Motor Traders’ Association (CMTA) made a statement claiming that the newly imposed VAT on used vehicles, has supported the creation of a black market in the industry, while increasing the market prices of used vehicles which is hurting the common man of the country. The recent implementation of VAT has stirred concerns […]
Oil Spill Drill at Hambantota International Port
Hambantota International Port (HIP) in partnership with the Sri Lanka Coast Guard and the Sri Lanka Navy, conducted an oil spill drill last week, to enhance their emergency preparedness. “While all health and safety measures are in place to prevent accidents, we are also prepared for the unexpected. Therefore, drills of this nature are mandatory […]
Hambantota Port Sees 26-pct Surge in RO-RO Transshipment Volumes in 2023
On 30th December 2023, the Hambantota International Port (HIP) proved itself as the fastest growing RO-RO transshipment port in the region. With 700,000 transshipment vehicles handled, the port marked a significant 26% increase from 2022 figures. The milestone figure was achieved with Glovis vessel MV. HAE SHIN V.003B handling 3626 units for transshipment to Ulsan […]
Meeting with the Deputy Managing Director of CHEC Port City Colombo
Deputy Managing Director of CHEC Port City Colombo Thulci Aluwihare met the Deputy High Commissioner of Sri Lanka in Southern India Dr. D. Venkateshwaran and Minister [Commerce] of the Deputy High Commission G. L. Gnanatheva on 15 December 2023. During the meeting, they discussed the importance of sourcing Southern Indian investments for the Port City […]
Gavinro Investments introduces Sri Lanka’s first 300KM range EV commercial vehicle
Gavinro Investments, a distinguished player in the automotive space for over four decades, has joined hands with Sokon Singapore, a global leader in electric commercial vehicles to launch Sri Lanka’s first 300KM Range Electric Commercial Vehicle with a payload of 1.2 tonnes. The joint venture is founded on the shared vision of supporting the Sri […]
Colombo Port City Economic Commission Welcomes Three Major Sri Lankan Commercial Banks
The Colombo Port City Economic Commission (the Commission) is pleased to announce that three of Sri Lanka’s leading commercial banks—Commercial Bank, Hatton National Bank (HNB), and Sampath Bank—have been issued an Authorized Persons (AP) license from the Colombo Port City Economic Commission. This significant development marks a major milestone in the development of the Colombo […]