Category: Shipping and Transport

Apr 12, 2010 (LBO) – Indian Oil Corp’s Sri Lankan unit aims to expand bunker sales by selling fuel to ships passing the island, a much bigger market than the vessels which call at Colombo port, officials said. With bunker prices falling and the price difference between Colombo and Singapore narrowing, more ships have begun […]

Apr 07, 2010 (LBO) – The Sri Lankan unit of international ship supply firm GAC plans to expand its business with the acquisition of more craft, a senior official said. “We plan to invest on another two supply boats,” said Walter Rodrigo, director of GAC Shipping, which has a service from the southern port of […]

Apr 07, 2010 (LBO) – Sri Lanka’s Colombo Dockyard, a listed ship builder, said it was getting ready to deliver the first of a series of four Multipurpose Platform Supply Vessels for a Singaporean client. Colombo Dockyard is set to deliver six vessels this year, including the Multi Purpose Platform Supply Vessels and a passenger […]

April 01, 2010 (LBO) – Chinese port operator China Merchants Holdings (International) has said it expects a breakthrough in talks to build a new container terminal in Sri Lanka’s Colombo harbour this year. The company, in partnership with Sri Lankan conglomerate Aitken Spence, was the sole bidder for the first container terminal to be built […]

Mar 17, 2010 (LBO) – Sri Lanka’s Singer unit said its sales of motor cycles and bicycles picked up speed in 2009, with demand from former war-torn areas, while its consumer durables sales in the rest of the island plunged. Singer Sri Lanka said sales of bicycles and motor cycles grew 26 percent to 757 […]

Mar 15, 2010 (LBO) – Sri Lanka’s Colombo port will get new cranes before the end of this year to replace aging equipment and improve cargo handling capacity, a senior official said. Container traffic in Colombo, which is a hub for south Asian cargo, has begun to recover after dipping last year because of global […]

Mar 12, 2010 (LBO) – The Sri Lanka Ports Authority is in talks with suppliers of liquid petroleum gas to introduce a third player in the local market once a storage terminal is built in a new port, an official said. SLPA chairman Priyath Wickrama said the LPG storage terminal would come up in the […]

Mar 10, 2010 (LBO) – Cargo volumes at a Colombo port private container terminal in which John Keells Holdings has a big stake hit a monthly high in February as trade flows rebounded from global recession last year. South Asia Gateway Terminals handled 164,243 TEUs (Twenty-foot Equivalent container Units) in February 2010, its highest volumes […]

Mar 10, 2010 (LBO) – DHL Express, a global logistics company, said it has opened an ‘airside gateway’ facility at Sri Lanka’s sole international airport north of the capital Colombo that will help speed up air cargo shipments. Romesh David, president of JKH’s transportation group, said the two companies had invested over 250 million rupees […]

Mar 08, 2010 (LBO) – Sri Lanka’s taxes on motor vehicles are ‘prohibitive’ and are discouraging imports and government revenues, the finance ministry has said in a report, echoing the view of the motor vehicle trade. The finance ministry in a report issued under country’s fiscal responsibility law in February said excise taxes on motor […]

Mar 03, 2010 (LBO) – Sri Lanka’s Colombo Dockyard, a listed ship builder, said it will deliver six vessels this year and will focus more on offshore work with the search for oil off the island’s north-west coast. More than half the yard’s business comes from India. Nakauchi also said exploration for oil and gas […]

March 01, 2010 (LBO) – Sri Lankan ship builder Colombo Dockyard said net profit for the 2009 financial year rose by almost half although they fell in the December quarter as ship repair revenue came down. The yard, which is majority owned by Japan’s Onomichi Dockyard, said in a stock exchange filing that net profit […]