Category: Shipping and Transport

Mar 15, 2011 (LBO) – Sri Lanka is to keep clear land on either side of several expressways that are being planned or built where no buildings will be allowed, a senior official said. Road Development Authority director-general R W R Pemasiri said, owners of private property on either side of the expressway being built […]

Mar 14, 2011 (LBO) – A German delegation headed by a Sri Lankan-born official from the port of Hamburg held talks with Sri Lanka Ports Authority (SLPA) on assistance and collaboration between the two harbours, a statement said. The construction of the breakwater of the Colombo Port Expansion Project is on schedule and is expected […]

Mar 14, 2011 (LBO) – Imports of all types of vehicles to Sri Lanka rose 75.9 percent to 359,243 in 2010 amid strong economic growth which increased demand and also a cut in state taxes for cars, government data showed. Imports of motor cars rose four fold to 23,072 in 2010 from 5,762 a year […]

Mar 08, 2011 (LBO) – Sri Lanka’s Road Development Authority is considering building an elevated highway to connect the capital’s city centre with two key suburban towns and reduce congestion, R W R Pemasiri, its director-general, said. “We can make it a toll road,” Pemasiri said. “We’re planning a feasibility study on the project soon […]

Mar 07, 2011 (LBO) – Colombo Dockyard has warned that a stronger rupee could hit profitability at the yard which last year saw profits dip owing to stiff competition and a downturn in its main tanker repair business. Ship repair, its main business. contributed only 30 percent of the total revenue volume of Sri Lanka’s […]

Mar 07, 2011 (LBO) – The Sri Lankan state will acquire a one metre strip of land on either side of roads for utilities to avoid the need for digging up roadways, a senior official said. Pemasiri said the high cost of acquiring land has deterred the state electricity utility from going underground with most […]

Mar 04, 2011 (LBO) – A new expressway in southern Sri Lanka that will be partly open by the middle of this year will be confined only to fast-moving vehicles with slow-moving ones like auto-rickshaws and tractors banned, an official said. R W R Pemasiri, director-general of the Road Development Authority, said the 126-kilometre southern […]

Mar 02, 2011 (LBO) – The first refueling station at a rest stop mid-way on Sri Lanka’s southern highway which is nearing completion will be operated by state-run Ceylon Petroleum Corporation, petroleum ministry secretary Titus Jayawardene said. The refueling station will be built in Dodangoda, an interchange near Kaluthara, in the stretch between Colombo and […]

Mar 02, 2011 (LBO) – Thailand’s Regional Container Lines (RCL) has started a new Asian container shipping service that will make two weekly calls at Colombo port to cater to growing demand, a statement said. RCL is a Thai-based container shipping line listed on the Thai Stock Exchange and currently owns and operates a fleet […]

Mar 01, 2011 (LBO) – Colombo port has begun building a facility for export containers north of the habour that will help reduce congestion and provide more space for its main transhipment business, an official said. Sri Lanka Ports Authority chairman Priyath Wickrama said it has acquired land for the ‘cargo village’ at Peliyagoda, a […]

Feb 28, 2011 (LBO) – Investors who bid to set up industries in a new port in southern Sri Lanka are to start building their factories in March, Sri Lanka Ports Authority chairman Priyath Wickrama said. He said 23 proposals of 27 received for the deep-water Hambantota port on the south coast had qualified. “Three […]

Feb 28, 2011 (LBO) – Colombo Dockyard’s December 2010 quarter net profit more than doubled to 739 million rupees from a year ago despite flat sales while annual profits fell as repair work suffered from competition, a statement said. The Sri Lankan listed ship builder’s December 2010 quarter net was up 123 percent compared with […]