Category: Shipping and Transport
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 […]
Opinion: China Helps Sri Lanka’s Aspiration to Become a Major Logistics Hub in The Region
By Maya Majueran Sri Lanka is an island nation situated in a strategically important location in the Indian Ocean Region at the center of maritime trade routes in between East and West, as well as in the middle of Africa, the Arab, and Eastern worlds and is surrounded by the Bay of Bengal and the […]
Prabath Malavige Elevates to Managing Director at Sri Lanka Ports Authority
Senior Port Management and Logistics Professional Prabath J. Malavige has been promoted to the position of Managing Director at the Sri Lanka Ports Authority. With over 18 years of industry experience, he has distinguished himself as the youngest professional ever appointed to the role of Managing Director at the Sri Lanka Ports Authority. Malavige’s educational […]
Over Two Thousand tourists on Cruise Liner at HIP
Two thousand two hundred passengers arrived at the Hambantota International Port (HIP) yesterday, on board cruise liner, Mein Schiff 5. The vessel is on a 60 day cruise from Hong Kong to Heraklion in Greece, visiting several ports in Japan, South Korea, Taiwan, Vietnam, Thailand, Singapore, Sri Lanka, Oman, Jordan and Egypt in between. The […]