Category: Shipping and Transport
Cordelia Cruises to begin 2025 season at HIP in June
Cordelia Cruise Lines completed its second season of calls at the Hambantota International Port (HIP) in September 2024. The scheduled 6 visits between July and September brought in over 5000 tourists to the country. The next season of Cordelia cruises, which will also be 6 calls at HIP, is scheduled to begin in June 2025 […]
Parliament Approves Offshore Banking Regulations At Port City Colombo
Port City Colombo announced that the two gazetted regulations, Offshore Banking and Offshore Banking — Prudent Management and Confidence, were officially passed by the Parliament of Sri Lanka on 4th September 2024. This milestone represents Port City Colombo’s ambitious aim to position itself as a formidable regional financial centre, which would attract an increased inflow […]
MV EVER ARM makes first call at SLPA controlled Colombo East Container Terminal
The container vessel MV EVER ARM made its first call at the Colombo East Container Terminal (CECT) on September 5, 2024. The vessel is part of Evergreen’s fleet, operating on the China-Europe-Mediterranean (CEM) route, sailing under the Taiwanese flag. This call marks a significant milestone for the Sri Lanka Ports Authority (SLPA), which operates the […]
Exponential increase in vessels arriving at Hambantota International Port for repairs & layups
There has been an exponential increase in the number of vessels arriving at Hambantota International Port (HIP) for repairs and layups this year, marking a significant boost in its operational growth. From January to August 2024, the port hosted 23 vessels for these services, a remarkable 53% increase compared to the 15 vessels during the […]
Digital Mobility Solutions Lanka (PickMe) Announces IPO
Digital Mobility Solutions Lanka Limited, the innovator behind Sri Lanka’s leading mobility solutions app PickMe, announces its forthcoming Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE). The IPO will feature an offer for sale of 43,474,179 existing ordinary voting shares at a price of LKR 36.00 per share, opening on September 13, 2024. […]
Advanced port technology & automation to make Colombo Port more efficient: SLPA Chairman
“Adopting advanced port technology and automation are some of the latest solutions planned by the Port of Colombo to increase productivity and efficiency in global port operations,” said Mr. Keith D. Bernard, Chairman of the Sri Lanka Ports Authority (SLPA). “Despite facing challenges like congestion, limited space, and equipment shortages, the Port of Colombo remains […]
Port City Colombo attracts 100+ companies as authorised persons
Port City Colombo has achieved a significant milestone, on-boarding 100+ companies as Authorised Persons (AP’s), as of August 24th, 2024. These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, Finance, Professional Services, Shipping, Logistics, Tourism, Healthcare, Real Estate Development, and Global Capability Centres. Among these […]
‘s economy
In the high-stakes world of trade and logistics, corruption at Sri Lanka’s customs, IRD, ports, and airports is not just an inconvenience—it’s a crisis that’s crippling the nation’s export sector. Outdated, manual systems have become breeding grounds for corruption, where bribery and inefficiency rule, bleeding exporters dry and stifling economic growth. The country stands at […]
Hambantota International Port projects 50-pct growth in 2024
The Hambantota International Port (HIP) has experienced a substantial increase in volumes, with a 40% growth recorded in 2024 to date. The port’s Commercial and Marketing division says the growth is expected to reach 50% by the year end. “The impressive performance and strategic growth of the port in 2024 demonstrate the Hambantota International Port […]
Colombo Dockyard Lays Foundation Stone To Build Fully-fledged Engineering Workshop At Hambantota Port
Colombo Dockyard (CDPLC) ceremonially laid the foundation to build a full-fledged engineering workshop at Hambantota International Port on 16th August 2024. This ceremonial occasion will kick off the construction of the engineering workshop in line with the contract signed between CDPLC and Hambantota International Port Group (HIPG). The foundation laying commenced with the traditional of […]
SLPA fire fighters completely control fire in the vessel at POC
Fire fighters of the he Sri Lanka Ports Authority (SLPA) Fire Brigade successfully extinguished the fire that broke out yesterday (11) in a ship at the Jaya Container Terminal (JCT) of the Port of Colombo. At present, the fire has been completely extinguished. A sudden fire broke out in the Container vessel MV. MSC CAPETOWN […]
Offshore banking regulations gazetted for banks set to operate at Port City Colombo
Port City Colombo announced that two regulations, Offshore Banking, and Offshore Banking — Prudent Management and Confidence, have been gazetted for commercial operations within the area of authority of the Colombo Port City Special Economic Zone. This was made official through the Gazette Notification <2394/66 and 2394/67> dated 26th July 2024. Being yet another key […]