Category: Shipping and Transport

May 31, 2010 (LBO) – Sri Lanka’s Chartered Institute of Logistics and Transport (CILT) is to function under the Ceylon Chamber of Commerce (CCC), the island’s oldest business chamber, as it launched a corporate membership drive, a statement said. The CILT has entered into an agreement with the CCC which enables the institution to function […]

May 20, 2010 (LBO) – Sri Lanka is to get 133.9 million dollars from the World Bank and the Asian Development Bank (ADB) to repair four rural roads, the cabinet office said in a statement. Sri Lanka will also get a loan of 50 million dollars from International Development Association (IDA) to support local government […]

May 17, 2010 (LBO) – Cargo volumes at a Colombo port private terminal run by an associate firm of John Keells Holdings surged 25 percent in April 2010 to 166,797 containers from a year ago as trade recovered from recession, latest data showed. It was South Asia Gateway Terminals’ second highest-ever monthly volume, although down […]

May 17, 2010 (LBO) – Sri Lankan ship builder Colombo Dockyard’s net profit for the March 2010 quarter fell sharply as ship repair revenue came down despite an increase in earnings from ship building, a stock exchange filing said. The yard, which is majority owned by Japan’s Onomichi Dockyard, said net profit fell 48.7 percent […]

May 14, 2010 (AFP) – Almost one in three Sri Lankan private bus drivers smokes marijuana or drinks alcohol before work, operators said Friday after a study into the high rate of road fatalities on the island nation. “We did a survey of buses operating in Colombo and found that about 30 percent of drivers […]

May 12, 2010 (LBO) – The Sri Lanka Ports Authority (SLPA) has signed an agreement with a Chinese supplier to buy cranes worth 7,200 million rupees urgently needed for its Colombo port container terminals, a statement said. The statement quoted Wickrama as saying the arrival of the new machinery at JCT will boost the efficiency […]

BRUSSELS, May 11, 2010 (AFP) – Pirates released a Bermudan-flagged cargo ship and its mainly Sri Lankan crew on Tuesday after a ransom was paid, the EU naval force said two months after the vessel was seized off the Oman coast. The ransom drop was made on Saturday but the pirates remained on board the […]

May 12, 2010 (LBO) – A new harbour in southern India built by DP World to open in August plans to lure ships away from Sri Lanka’s Colombo port, the present south Asian container transshipment hub, an official said. The new deep-water terminal in Kochi, south India, will be able to handle the 13,000-container capacity […]

May 11, 2010 (LBO) – Sri Lanka’s Colombo Dockyard, a listed ship builder, has laid the keel for the construction of an Anchor Handling Tug Supply Vessel for the Pacific island state of Samoa, a statement said. The yard, which is majority owned by Japan’s Onomichi Dockyard, said the tug was the first of two […]

Apr 30, 2010 (LBO) – Revenues of Sri Lanka Ports Authority (SLPA), which runs the island’s ports, fell last year with fewer ship calls and lower cargo volumes, while the number of employees also declined, latest data shows. SLPA operating expenditure in 2009 fell four percent to 21,301 million rupees from 22,201 million rupees in […]

Apr 27, 2010 (LBO) – Colombo port container volumes rose 27 percent in the first quarter of 2010 from last year and also exceeded throughput in the same 2008 period before recession hit global trade, the Sri Lanka Ports Authority said. “I firmly believe that our service is the major order qualifying and the order […]

Apr 22, 2010 (LBO) – Movement of heavy cargo for post-war reconstruction and modernisation in Sri Lanka will provide more business for logistics companies, industry officials said. The specialist skills and equipment of logistics providers will be needed to move cargoes such as equipment for power plants and construction work, they said. Two ports are […]