Category: Shipping and Transport
Hambantota port to receive its largest cruise liner
Feb 06, 2016 (LBO) – Sri Lanka Ports Authority (SLPA) said that the Hambantota Port would receive the largest cruise ship to call at the port, MS Rotterdam, this Sunday. Measuring 238 m in length with 600 staff, MS Rotterdam is a luxury cruise ship from Netherlands. The ship will leave from Cochin harbor, Indian […]
Safety of life at sea amendment from July, says European Chamber of Commerce
Jan 28, 2016 (LBO) – The International Maritime Organization’s amendment to the Safety of Life at Sea (SOLAS) agreement will come in to effect globally on July 1, 2016, which Sri Lankan authorities and shippers will need to follow, the European Chamber of Commerce in Sri Lanka said in a white paper. This amendment stipulates […]
IRCON plans to assist Sri Lanka Railway future projects
Jan 28, 2016 (LBO) – Indian government backed IRCON International has expressed its willingness to assist Sri Lanka’s railway development in line with the priorities of the transport sector, a company official said.Commemorating their 7 year presence in Sri Lanka, Project Director S L Gupta told reporters Wednesday that the timely completion of their projects […]
Sri Lanka, main destination for used cars from Japan
Jan 25, 2016 (LBO) – Sri Lanka has set a record as the number one destination for used car exports from Japan in terms of value last year, JB Securities said in a research note. “The main reason for the heightened demand for this category of vehicles was aggressive credit extension from commercial banks,” JB […]
Proposals to be called for Hambantota Port Industrial Zone
Jan 25, 2015 (LBO) – Sri Lanka’s government plans to call for proposals to set up industries in the Hambantota Port’s Industrial Zone under the Hambantota Port Development Project, the Information Department said. Sri Lanka Ports Authority has prepared the business plan in order to identify the business ventures that could be undertaken under the […]
Sri Lanka motor car registrations drop to 7,177 in Dec: JB
Jan 25, 2015 (LBO) – Sri Lanka’s vehicle registration momentum came down in Dec with the reinstatement of the LTV rule and higher incidence of duty on vehicles, JB Securities said in a research note. Total motor car registrations recorded 7,177 units in Dec down from 10,084 units in Nov but significantly up from 4,311 […]
Sri Lanka to call open tenders to purchase locomotives, power sets
Jan 20, 2016 (LBO) – The Transport Ministry is to call open tenders to purchase locomotives for Sri Lanka Railways allowing a German company to forward their bids, Deputy Minister of Transport Ashoka Abeysinghe said. Deputy Minister told LBO that the ministry wants to allow other bidders besides India to forward their bids in this regard. […]
Transport ministry calls local bids to repair railway coaches
Jan 14, 2016 (LBO) – Sri Lanka’s Cabinet has decided to call competitive bids from local industrialists to undertake heavy repairs of railway passenger coaches. As per the Railways Department, around 450 carriages are required to provide transport services and these carriages must undergo heavy repair every two years. Though it is being done in […]
Uber launches new budget version in Sri Lanka
Jan 14, 2016 (LBO) – Uber, a global ride sharing company in over 340 cities in 60 countries, launched its more economical version, UberGO in Colombo, Thursday. UberGO operates with smaller hatchback vehicles like Suzuki Altos and Tata Nanos and is the second product option after uberX and is more economical, a statement said. “We are […]
Colombo port container handling up 5.7-pct in 2015
Jan 14, 2016 (LBO) – Sri Lanka Ports Authority says container operations in the Colombo port has increased by 5.7 percent last year over the previous year. Accordingly, the total amount of containers handled by the port last year is 5,185,467 compared to the 4,907,915 containers handled in 2014. Total container volume comprises of import, […]
Maersk Line to invest in Colombo Port expansion
Jan 13, 2016 (LBO) – Danish multinationals including Maersk Line and Novo Nordisk are seeking to invest in Sri Lanka, Danish Ambassador for Sri Lanka Peter Taksøe-Jensen revealed. Maersk Line has been the world’s largest container shipping company since 1996. It operates 604 container vessels across the world and calls on 343 ports in 121 […]
Colombo port city proposal to be downsized: Minister
Jan 12, 2016 (LBO) – Sri Lanka will continue with the Colombo port city project after downsizing the previous agreement entered with China, the International Trade State Minister said. Minister Sujeewa Senasinghe told reporters Tuesday that the initial proposal led to a transfer of 50 acre land to a private party. “50 acres was supposed […]