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Friday August 19th, 2022
Shipping

Sri Lanka exporters braced for delays, higher freight rates from Suez Canal shock

Sri Lanka's exporters and importers are braced for a spike in already high freight rates and delays amid rising fears th...

March 26, 2021 3 min read

Suez canal shipping suspended amid efforts to re-float grounded Evergreen vessel

Ship traffic across the Suez canal has been suspended as efforts are made to dislodge an Evergreen container ship that i...

March 26, 2021 2 min read

Sri Lanka's China-run port eyes fertilizer transshipment with Russian billionaire

Sri Lanka's China-run Hambantota Port has discussed fertilizer transshipment with Russian billionaire Andrey Igorevich M...

March 26, 2021 1 min read

Sri Lanka's Adani-WCT terminal is a private deal without tender, not govt-to-govt: opposition

Handing over the West Container Terminal of Sri Lanka's Colombo port to Adani group is not a government-to-government co...

March 20, 2021 2 min read

Sri Lanka’s CICT invests in dangerous goods storage facility

ECONOMYNEXT – Sri Lanka’s Colombo International Container Terminal (CICT) said it has opened a Dangerous G...

May 14, 2019 2 min read

Sri Lanka Ports Authority profits down in 2018 amid higher forex losses

ECONOMYNEXT – Pre-tax profits at state-run Sri Lanka Ports Authority fell 27.5 percent to 8.7 billion rupees in 2...

May 3, 2019 1 min read

Sri Lanka's Hambantota Port signs deals with vehicle carriers

ECONOMYNEXT - Hambantota International Port Group (HIPG) said it has signed Terminal Service Agreements (TSAs) with top ...

May 2, 2019 2 min read

China's Sinopec to operate Sri Lanka's Hambantota oil tank farm

China's Sinopec Fuel Oil Sales Co. Limited (SFO) has won a tender to operate a bunker oil tank farm in the Hambantota Po...

April 17, 2019 3 min read

Sri Lanka Ports Authority to buy more cranes

ECONOMYNEXT – Sri Lanka Ports Authority (SLPA) is to buy three Ship to Shore (STS) cranes from China under the ex...

April 11, 2019 2 min read

Sri Lanka investment agency opens centre in Hambantota port

ECONOMYNEXT – Sri Lanka’s Board of Investment (BOI) has set up a ‘one-stop’ service centre at...

April 3, 2019 2 min read

Student enrolment propels 40-pct growth in Sri Lanka logistics institute membership

ECONOMYNEXT – Membership of the Chartered Institute of Logistics and Transport (CILT) in Sri Lanka grew 40 percen...

April 3, 2019 2 min read

GAC Sri Lanka gets new chief, eyes outsourcing business

ECONOMYNEXT – Ravi Edirisinghe has been appointed director and chief executive in Sri Lanka of GAC Group, a globa...

March 25, 2019 2 min read

60-pct foreign ownership in Sri Lanka shipping, Maersk keen on East Terminal

ECONOMYNEXT – Sri Lanka will raise foreign ownership in ship agencies to 60 percent in the first stage of liberal...

March 15, 2019 2 min read

Sri Lanka Ports Authority to buy three cranes from China

The Sri Lanka Ports Authority is to buy three ship-to-shore gantry cranes from China’s Shanghai Zhenhua Heavy Ind...

March 14, 2019 1 min read
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Sri Lanka’s Dockyard eyes LNG storage, hi-tech, smaller vessels

ECONOMYNEXT – Colombo Dockyard, Sri Lanka’s listed shipyard, is changing its shipbuilding strategy and aim...

March 13, 2019 2 min read

Sri Lanka shipping liberalisation before presidential poll: Mangala

ECONOMYNEXT – Sri Lanka’s government will implement delayed plans to liberalise the shipping sector, allow...

March 6, 2019 2 min read

Sri Lanka's JKH starts building US$14mn logistics park

Sri Lanka's John Keells Holdings has started building a 14 million US dollar logistics park which will provide services ...

March 1, 2019 1 min read

Maersk mulls increasing container handling in Sri Lanka

ECONOMYNEXT - Maersk A/S, the world’s biggest container shipping line, is considering increasing its container ha...

February 28, 2019 1 min read

Sri Lanka to make Colombo ‘smart port’ with automated functions

ECONOMYNEXT – Sri Lanka’s ports and shipping ministry said it will spend 929 million rupees to modernise i...

February 25, 2019 2 min read

Sri Lanka’s shipping ministry dumps defunct Oluvil port on fisheries ministry

ECONOMYNEXT – Sri Lanka’s ports and shipping ministry has decided to transfer the eastern port of Oluvil, ...

February 21, 2019 2 min read

Sri Lanka yet to decide on liberalising shipping

ECONOMYNEXT – Sri Lanka’s government has not yet decided on a budget proposal to liberalise the shipping s...

February 21, 2019 2 min read

Northern Sri Lanka port to be developed with Indian aid to handle general cargo

ECONOMYNEXT – Sri Lanka is to develop the northern Kankesanthurai (KKS) harbour with Indian aid to enable it to b...

February 14, 2019 2 min read

Sri Lanka shipping policy to encourage ship finance

ECONOMYNEXT – Sri Lanka’s new national policy for its maritime and logistics sectors has recommended sever...

February 12, 2019 1 min read

Sri Lanka's Expolanka Freight net up 39-pct

Profits at Sri Lanka's Expolanka Freight Holdings Plc grew 39 percent to 469 million rupees in the December 2018 quarter...

February 8, 2019 2 min read
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