Category: Shipping and Transport

Jan 11, 2010 (LBO) – Sri Lanka and India has inked a deal to rebuild part of a railway link to the island’s north while negotiations are under way to China to complete the balance, an official said. “India has extended a 425 million dollar concessional credit line and this is part of Indian government […]

Jan 08, 2010 (LBO) – The building of new ports in Sri Lanka has given several expansion options for Colombo Dockyard, a listed ship builder which faces space constraints at Colombo port, an official said. Colombo Dockyard managing director Mangala Yapa said the firm is looking for expansion opportunities as it seeks to increase business […]

Jan 05, 2010 (LBO) – The Asian Development Bank said the first batch of bidding documents for a road project it is funding in northern Sri Lanka is expected to be available this month. The proposed Northern Road Connectivity Project will cover repairs to about 120 km of national highways in the northern and north-central […]

Jan 01, 2010, (LBO) – The Sri Lanka Ports Authority (SLPA) said it has expanded facilities for bunkering or ship fuel at Colombo port with the addition of another berth for oil tankers that will reduce delays. Colombo Port’s New North Pier, which has been developed as a multi-purpose berth, handled its first oil tanker […]

Dec 29, 2009 (LBO) –Sri Lanka’s government must ensure adequate funding for road maintenance to prevent newly built and repaired roads deteriorating to previous levels, the Asian Development Bank has said. The bank, which has spent millions of dollars on roads in the island, said in a report its Road Sector Development Project (RSDP) had […]

Dec 28, 2009 (LBO) – Aramex, a global transportation and logistics services company, has set up a joint venture with Delmege Forsyth Group, one of Sri Lanka’s oldest business houses, the two firms said in a statement.The joint venture company, Aramex Delmege Logistics, will provide a range of supply chain services, including warehousing and distribution, […]

Dec 28, 2009 (LBO) – The Sri Lanka Ports Authority said it has managed to win back the custom of Mediterranean Shipping Company (MSC), a global container shipping line.SLPA chairman Priyath Wickrama said improved efficiency and productivity demonstrated by the JCT staff helped win back the MSC service.MSC’s ‘Golden Gate Pendulum Service’ began weekly calls […]

Dec 25, 2009 (LBO) – Sri Lanka’s cabinet of ministers has kicked off the process to bring private enterprises to a new industrial port in Hambantota in the south of the island, the government’s information office said.The first phase of the port, which is being financed and built by China also includes a bunker terminal […]

Dec 23, 2009 (LBO) – Sri Lanka’s Mercantile Shipping Company said it has taken delivery of the second of a pair of new cargo ships it ordered built by a Dutch yard. According to the company’s September quarter results just released to the stock exchange, it made a loss of 18.8 million rupees in the […]

Dec 22, 2009 (LBO) – A new port next to Colombo the Asian Development Bank is helping Sri Lanka to build should get enough cargo despite the expansion of India’s own ports, a senior bank official said.Vokes said Colombo should be able to attract cargo as long as it provides an efficient service to shipping […]

Dec 21, 2009 (LBO) – A highway to Sri Lanka’s north is seeing free movement of people and goods for the first time in decades after the final restrictions on traffic were removed from Monday.Following a ceasefire with the Tigers in 2002, the road was opened but the Tigers collected tax on goods moving along […]

Dec 14, 2009 (LBO) – Container volumes at a Colombo port terminal controlled by Sri Lanka’s John Keells Holdings have almost reached last year’s levels but those at the state-run facility are still lagging behind, latest figures show. The November 2009 volumes at South Asia Gateway Terminals (SAGT) were up 10.4 percent to 153,793 TEUs […]