Yard Plans

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 and handle bigger vessels.

Colombo Dockyard would consider a government request for proposals (RFP) for investments, including ship building, in a new port in southern Hambantota although no definite investments plans have been drawn up yet, he said.

Yes, we’re interested. We’ll look at the RFP and see what the options are, but we don’t have any concrete plans yet.”

The government recently approved calling for investment proposals in the new port in Hambantota, close to the main shipping route across the Indian Ocean.

It has called for investments for fertiliser, cement bagging, warehousing, and vehicle transhipment businesses to take advantage of the port’s location.

Colombo Dockyard, which is majority owned by Japan’s Onomichi Dockyard, has four dry docks in Colombo port but cannot expand there for lack of space.

With tankers,