Category: Shipping and Transport

July 15, 2011 (LBO) – Colombo Dockyard has commissioned a ‘bollard pull’ test facility in Sri Lanka’s eastern port of Trincomalee for use by its own vessels and others such as in planned oil exploration work. “The test facility is built mainly to check and confirm the pulling capacity of ships including tugs and Anchor […]

July 15, 2011 (LBO) – India’s state-run Indian Railway Construction International Ltd (lRCON) has been given a 149. 3 million US dollar contract to build a remaining part of a railway track to Sri Lanka’s north, the government’s information office said. The entire track from Vavuniya to Jaffna was destroyed during a civil war which […]

July 15, 2011 (LBO) – With pirate attacks on the increase, Sri Lankan shippers have been advised to insure cargo against the risk of piracy off Somalia to minimize losses and delays if a vessel with their shipments is hijacked. Ships hijacked by Somali pirates take a long time to get released, said P Mukundan, […]

July 14, 2011 (LBO) – Fees for Sri Lanka’s first toll expressway to the south of the island will be decided next week ahead of its opening scheduled for later this month, head of Sri Lanka’s road development authority R W Pemasiri said. Manual collected can result in revenue leakages through various means. According to […]

July 14, 2011 (LBO) – Fees for Sri Lanka’s first toll expressway to the south of the island will be decided next week ahead of its opening scheduled for later this month, head of Sri Lanka’s road development authority R W Pemasiri said. Manual collected can result in revenue leakages through various means. According to […]

July 13, 2011 (LBO) – Sri Lanka’s Customs department plans to speed up cargo clearance by automating documentation and introducing systems to screen only high and medium-risk shipments, an official said. Under the new system, when customs is ready to release cargo the department will notify the port authorities electronically so they can release the […]

July 12, 2011 (LBO) – A cruise liner service between India and Sri Lanka that was to start in early July 2011 has been delayed as government approvals are being awaited, an official said. Ceyline has tied up with Chennai-based AMET Shipping to operate a cruise ship between Chennai and Trincomalee that was also to […]

July 08, 2011 (LBO) – Sri Lanka plans to create an extra berth for feeder vessels at Colombo port to accommodate growing cargo flows that threatens to choke the harbour as it nears capacity, an official said. Wickrama said Colombo port lacked the space to expand and was trying to accommodate increasing volumes of cargo […]

July 07, 2011 (LBO) – Sri Lanka’s vehicle registrations were up 65.2 percent in May 2011 to 41,862 from a year earlier, with total registrations also up 65 percent to 200,415 in the first five months of the year, official data shows. Car registrations rose 10 times to 5,173 in May, motor cycle imports were […]

July 06, 2011 (LBO) – A new deep-water terminal in Colombo port will help Sri Lanka take advantage of increasing Indian cargo volumes, said the head of a local firm doing the project in a joint venture with a Chinese company. Parakrama Dissanayake, chairman of Aitken Spence Maritime, said Indian efforts to modernise its own […]

July 01, 2011 (LBO) – Sri Lanka based SOLAS Marine has won an order for 80 fast interception craft from the Indian Navy in a deal valued at 3,000 million rupees (67 million Us dollars), a media report said. The Times of India newspaper said the boats would be delivered over three years. FICs have […]

June 30, 2011 (LBO) – Sri Lanka’s motor sector companies’ profitability has fallen after the reversal of some import tax cuts that caused a profit surge, although vehicle demand remains strong with rising incomes and economic growth, a report said. Motor sector companies reported the highest growth in net profit for the last couple of […]