Category: Shipping and Transport
CEAT acquires CAMSO brand Off-Highway Tyres & Tracks business from Michelin in Sri Lanka
CEAT, an RPG company and Michelin, the global leader in tyres, announced today that they have entered into a definitive agreement for CEAT to acquire Camso brand’s Off-Highway construction equipment bias tyre and tracks business from Michelin in an all-cash deal valued at about $225 Mn (SLR 65 Bn). The transaction will include the business […]
Hambantota Port Rejuvenates Container Operations with USD 41 Mn Crane Upgrade
The Hambantota International Port Group (HIPG) announced a significant investment of US dollars 41 million in state-of-the-art crane technology, set to be fully operational by January 2025. This enhancement includes the installation of four Quay Cranes (QC) and thirteen rubber-tyred gantry Cranes (RTGs) at the Hambantota International Port (HIP), expanding the port’s capabilities to a […]
Port City Colombo Offers A Variety Of Lifestyle, Leisure, And Entertainment Experiences
Port City Colombo, a visionary multi-service Special Economic Zone and master-planned city, invites the local community to partake in an assortment of engaging excursions that range from luxury shopping to serene strolls by the waterfront. With a series of experiences that provide something for everyone, Port City Colombo further encourages local guests to spend more […]
Foreign Investors Explore Opportunities at Trincomalee and Hambantota Ports
As part of the Voyage Sri Lanka 2024 initiative, a group of 20 potential foreign investors from countries including India, Saudi Arabia, Maldives, France, Japan, Thailand, the United States, and Cambodia visited the Trincomalee and Hambantota ports on November 24th and 25th. The visits aimed to showcase Sri Lanka’s potential as a hub for maritime […]
First STS Operation for Liquid Cargo at Hambantota International Port
Hambantota International Port (HIP) has completed its first commercial ship-to-ship (STS) transfer operation for liquid cargo, marking another major milestone in the port’s expanding capabilities. The operation, carried out in collaboration with Singapore-based company Shipload Maritime to facilitate Laugfs vessel ‘Gas Challenger,’ highlights HIP’s commitment to becoming a key player in liquid cargo handling within […]
JKH records continued growth momentum in Q2
Sri Lanka’s John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The Group revenue in 2Q was up by 20 percent to Rs.76.96 billion with increases across almost all businesses. JKH said the 687-key ‘Cinnamon Life’ hotel, restaurants and banquet facilities commenced operations on […]
‘s Global Competitiveness at Risk: The Economic Cost of Cargo Clearance Delays
Efficient border agency operations are crucial for any economy, especially for island nations like Sri Lanka, where trade significantly contributes to economic growth. Delays in cargo clearance disrupt the flow of goods, increase costs, and undermine the country’s competitiveness in global trade. These delays impose substantial economic costs that adversely affect Sri Lanka’s GDP, leading […]
Glovis Dual Fuel LNG RORO Carrier Docks at Hambantota International Port
The LNG (liquefied natural gas) dual-fuel RORO vessel Glovis Selene made its maiden call at the Hambantota International Port (HIP) last week, unloading 627 CEUs (Car Equivalent Units) and loading 934 CEUs bound for the Persian Gulf. This marks the second time a dual-fuel LNG vessel has docked at HIP, highlighting the port’s capacity to […]
HIP sees 40-pct Increase in RORO transshipment between 2nd and 3rd Quarters
The Hambantota International Port (HIP) has marked a 40 percent increase in RORO vehicles handled between the 2nd and 3rd quarters of 2024. From 125,526 units handled in the 2nd quarter the port went up to 175,583 RORO units handled as at the end of September. A contributing factor to this is the increase in […]
CMA CGM applies surcharges on cargo from India, Sri Lanka, Middle East Gulf
French ocean carrier CMA CGM has notified its customers of an Overweight Surcharge (OWS), effective from 1 October 2024 until further notice. The surcharge will apply to shipments originating from India, Sri Lanka, Middle East Gulf & Djibouti, destined for North Europe (incl. Scandinavia, Poland, Baltic), East & West Mediterranean, Adriatic, Black Sea & North […]
Admiral Sirimevan Sarathchandra Ranasinghe (Rtd), new Chairman of Sri Lanka Ports Authority
Admiral Sirimevan Sarathchandra Ranasinghe (Rtd) aasumed duties today (10/03/2024) as the Chairman of Sri Lanka Ports Authority (SLPA). He was the Commander of the Navy from October 2017 to December 2018. Admiral Ranasinghe also served as the Secretary to Ministry of Ports and Shipping & Southern Development in 2019. He is an Anti-Submarine Warfare Specialist […]
German Federal Ministry for Economic Affairs Explores Opportunities at HIP
Tobias Pierlings, Director and Head of Division for South Asia and Southeast Asia at the German Federal Ministry for Economic Affairs and Climate Action, Berlin and a delegation from the German Embassy in Sri Lanka, visited the Hambantota International Port (HIP) last week. The visit was to explore potential business opportunities in Sri Lanka and […]