Category: Shipping and Transport

Nov 23, 2009 (LBO) – Sri Lanka’s Colombo Dockyard said it was getting ready to deliver a passenger craft built for an Indian customer by year’s end and that its repair business had shifted to focus on specialised vessels from tankers.The yard, which books profits on vessel delivery, said in a statement it was preparing […]

Nov 23, 2009 (LBO) – Sri Lankan shippers are confronted with an increase in transportation costs to and from their markets with loss-making global carriers raising freight rates or announcing rate hikes from next year to restore profitability.Some lines have also withdrawn vessels and services to and from the region and introduced ‘slow steaming’ in […]

Nov 16, 2009 (LBO) – Labour unions at Colombo port, Sri Lanka’s main harbour, Monday ended a ‘go-slow’ action that had caused delays to shipping lines, after striking a deal on a pay hike with the authorities. “This caused a loss of confidence in Colombo among foreign shipping lines.” He said one line was supposed […]

Nov 13, 2009 (LBO) – Sri Lankan ship builder Colombo Dockyard said net profit for the September 2009 quarter almost doubled from a year ago with earnings boosted by orders to build new vessels for overseas customers.The yard, which is majority owned by Japan’s Onomichi Dockyard, said in a stock exchange filing that September quarter […]

Nov 12, 2009 (LBO) – Delays at Colombo port caused by disruptive labour union action might prompt international shipping lines to shift their hard-won custom to competing ports, the Sri Lanka Ports Authority (SLPA) has warned. The SLPA had promised “efficient and fast port services” and “higher productivity” to win the custom of the shipping […]

Nov 07, 2009 (LBO) – Sri Lankan shipyard Colombo Dockyard said it has laid the keel for construction of the fourth Multipurpose Platform Supply Vessel for Greatship India.The vessel is meant to support the offshore oil and gas industry, the yard said in a statement. The occasion was attended by the owner’s representatives, officials from […]

Nov 05, 2009 (LBO) – Colombo port has re-opened its northern entrance channel which had been closed for years owing to the threat of attacks by Tamil Tiger separatists who were defeated by government forces in May. But it had been completely closed since the airport attack. The Tamil separatists’ naval wing, the Sea Tigers, […]

SYDNEY, November 4, 2009 (AFP) – Australia called off an air and sea search for survivors on Wednesday after a boat carrying unidentified Sri Lankans sank in remote seas far off its northwest, killing 12.Home Minister Brendan O’Connor said there was no hope of finding anyone else alive after the boat carrying 39 went down […]

Nov 03, 2009 (LBO) – Colombo Dockyard, a Sri Lankan shipbuilder, said it was eying more work for its heavy engineering division in the island as well as the south Asian region. The company said in a statement its subsidiary, Dockyard General Engineering Services (DGES), had changed its logo as it seeks to emerge as […]

Oct 26, 2009 (LBO) – Sri Lanka’s South Asia Gateway Terminals (SAGT), a private operator in the port of Colombo says September volumes have increased 3.8 percent from a year earlier to 161,450 containers. This is the second highest monthly throughput ever recorded by SAGT, behind August 2009 where it hit a record of 163,024 […]

Oct 23, 2009 (LBO) – The Asian Development Bank said it has given financial assistance amounting to 70 million dollars to Sri Lanka for rebuilding roads in two provinces affected by war.The total investment cost of the project in the island’s Eastern and North Central Provinces is 78 million dollars of which eight million will […]

Oct 20, 2009 (LBO) – Vehicle imports to Sri Lanka fell 26.4 percent in July from a year ago with motor cars down 74.7 percent, trucks and other goods transport vehicle falling 47.3 percent and three wheelers 35.3 percent, the latest official data shows.In the seven months to July total vehicles imports were down 32.3 […]