Category: Shipping and Transport
HIP briefs newly appointed Sri Lankan Heads of Mission and Ambassadors
Seven Sri Lankan Heads of Mission/Ambassador designates to foreign embassies and high commissions, were given a detailed orientation by Hambantota International Port (HIP) on port operations and activities. Tissa Wickramasinghe, COO of the Hambantota International Port Group (HIPG) briefed the group of diplomats on these aspects, covering the port’s progress over the last 5 years. […]
DFC Commits Half Billion Dollars to Port Infrastructure in Colombo, Sri Lanka
The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the development of a deepwater shipping container terminal in the Port of Colombo, Sri Lanka, that will provide critical infrastructure for the South Asian region. The new terminal reflects DFC’s commitment to financing high-quality infrastructure […]
HIP breaks record in RORO Transshipment: Half a Million units handled
The Hambantota International Port (HIP) clocked half a million transshipment units for this year in September 2023, surpassing the port’s previous year’s RORO numbers. “As the global economy recovers gradually, we continue to aggressively market our location and services. As a result, RORO transshipment is steadily increasing at HIP and we have been able to […]
HIP supplies over 80-pct marine bunkers to Sri Lankan market
The Hambantota International Port Group (HIPG) has benchmarked a 500,000 ton volume in their bunkering business during the first eight months of 2023. The throughput which is five times in volume compared to 2022, is attributed to the port’s strategic partnership with Sinopec Fuel Oil Lanka Limited (SFOL), for the supply and trade of marine […]
David Cameron to address Port City Colombo UAE Roadshow unveiling Opportunities & Incentives
Port City Colombo is set to launch a Roadshow in the UAE showcasing investment opportunities and incentives for global investors. This significant event marks the initiation of a key global marketing drive, inviting investors from across the world to explore the diverse investment prospects available at PCC. Former UK Prime Minister David Cameron will address […]
Two new boats added to HIP’s Marine Services fleet
The Hambantota International Port (HIP), in a bid to expand its marine services, has deployed 2 additional boats to their existing fleet that’s available for hire by local service providers engaged in offering crew changes, bunker and draft surveying, a platform for technical support in Underwater inspections, Underwater and afloat repairs, propeller cleaning, supply of […]
HIP ‘Sea Fair’ to showcase Hambantota Entrepreneurs
The Hambantota International Port (HIP) has joined hands with the Ministry of Youth Affairs’, Small Enterprises Development Division to bring about progressive change for entrepreneurs in the Hambantota District. “As a forward thinking organisation, committed to the wellbeing of the community, HIPG is dedicated to creating meaningful opportunities for small-scale entrepreneurs in our region. As […]
Colombo Port City received approval for businesses of strategic importance
The Colombo Port City Economic Commission has achieved a significant milestone in its journey, to transform the Colombo Port City into a globally competitive special economic zone (SEZ). The Parliament of the Democratic Socialist Republic of Sri Lanka this week, approved a comprehensive incentives programme proposed by the Commission in consultation with the Minister of […]
Import Controls in Sri Lanka: Political Preference and Incentive Distortions
Battling an unprecedented economic crisis that overlapped the COVID-19 pandemic, Sri Lanka resorted to strict import controls since early 2020. These measures gradually encompassed 31% of total imports by September 2022, with the intention of reducing foreign exchange leakages on “non-essential” imports. However, the effectiveness and implications of these stringent regulations have raised questions. A […]
Implement Reforms That Align With Evolving Industrial Practices: Shipping & Logistics Veteran
Renowned shipping and logistics veteran Rohan Masakorala highlighted the need to implement reforms that align with evolving industrial practices, at a recent discussion forum on the topic of “Does Sri Lanka Have a Future in Shipping and Logistics? Or Have we Lost it?”, organised by the Sri Lanka-Italy Business Council (SLITBC) of The Ceylon Chamber […]
CEAT Kelani debuts new locally-made Truck Bus Radial for transport sector
A new high-performance premium commercial vehicle tyre has begun rolling off the production line at CEAT Kelani Holdings, Sri Lanka’s largest manufacturer of pneumatic tyres. The CEAT Winmile X3 AW is a Truck Bus Radial (TBR) in the 295/80 R22.5 TL size, making it an ideal replacement tyre for heavy trucks including prime movers, fuel […]
CMTA raises concerns about disparities in import regulations and policies
The Ceylon Motor Traders Association (CMTA), one of the longest standing automotive associations in South Asia, has recently raised concerns regarding the fairness of current import regulations, shedding light on the importation of extravagant items such as televisions and mobile phones, while essential necessities such as a motorcycle remains restricted. The CMTA emphasizes the need […]