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Friday January 28th, 2022
Shipping

Port Unions call off strike on Mahinda’s assurances that ECT will not be given to foreigners

The coalition of Trades Unions protesting against the handing over of the East Container Terminal to a foreign company h...

4 min read

Sri Lanka will not sell or lease East Terminal: PM

Sri Lanka will not sell or lease the East Container Terminal Prime Minister Mahinda Rajapaksa said as trade union opposi...

4 min read

Sri Lanka's Expolanka Holdings profits soar amid pandemic disruptions

Profits at Sri Lanka's Expolanka Holdings Plc soared to 4.5 billion rupees in the December 2020 quarter, up from 15 fold...

4 min read

Sri Lanka to invite investors for BOT port warehouse complex

Sri Lanka's Minister of Ports and Shipping was given the go ahead to call investors to build a warehouse in the capital ...

4 min read

Sri Lanka beefs up defences for possible oil spill from X-Press Pearl

Fisheries Minister Kanchana Wijesekera said a plan had been devised to contain any possible oil spill

X-Press Pearl stern hits bottom aborting tow, Sri Lanka renews oil spill watch

Salvors abort tow after the stern of the partially sunken vessel settles on the ocean floor

Sri Lankan freight forwarders see margin pressure from liner consolidation

ECONOMYNEXT – Consolidation among container shipping lines trying revive profitability is likely to squeeze profi...

2 min read

Sri Lanka’s Ports Ministry gets industry professional as secretary

ECONOMYNEXT – Sri Lankan President Maithripala Sirisena has appointed Parakrama Dissanayake, chairman of Sri Lank...

1 min read

Sri Lanka’s SAGT nearly doubles design capacity handling 2mn containers

ECONOMYNEXT – South Asia Gateway Terminals (Pvt) Ltd (SAGT), Sri Lanka’s first private terminal in Colombo...

2 min read

CICT adds capacity for bigger ships at Sri Lanka’s Colombo port

ECONOMYNEXT – Colombo International Container Terminals (CICT) said it was buying more cranes that will enhance d...

2 min read

Sri Lanka port capacity crunch could lead to lost business

ECONOMYNEXT – Further delays in adding container handling capacity at Sri Lanka’s Colombo port, which is n...

2 min read

Investment opportunities seen in Sri Lanka’s logistics firms

ECONOMYNEXT – Sri Lanka’s logistics businesses offer attractive investment opportunities both among specia...

2 min read

Cruise ship calls grow strongly at Sri Lanka port

ECONOMYNEXT – Calls by cruise ships have grown strongly at Sri Lanka’s main port of Colombo this year with...

1 min read

China Harbhour Engineering wins deal to expand Sri Lanka port anchorage

China Harbhour Engineering Company has been selected to expand the deep water anchorage capacity at a container terminal...

1 min read

Sri Lanka's Colombo Port volumes up 14.9-pct by Sept

ECONOMYNEXT - Container volumes at Sri Lanka's Colombo Port rose 14.9 percent to 5,223,292 twenty foot equivalent units ...

1 min read

Sri Lanka looks to raise port charges

Sri Lanka is looking to raise charges and get more revenue from port services, Ports and Shipping Minister Mahinda Samar...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 202.0000 201.5882
UK Pound 271.5789 272.2486
Euro 226.8561 227.9459
Aus Dollar 143.0261 144.4178
Yen 1.7640 1.7704
Source: Central Bank/Indicative
Latest Last
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Korea Won 0.1680 0.1684
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pts %
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Turnover Rs million. 2,191,558,044.10 5,340,613,558
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3-m bill 8.18 7.91
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8-yr bond 11.81 10.93
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.93 5.99
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Source: Central Bank/Indicative

Sri Lanka’s Hambantota port gets new gear for heavy load handling

ECONOMYNEXT – Sri Lanka’s Chinese-run Hambantota port on the south coast has got new equipment designed to...

1 min read

Indian shipping modernisation threatens Sri Lankan transhipment volumes

ECONOMYNEXT – The modernisation of Indian ports and liberalisation of regulations could threaten the container tr...

2 min read

Sri Lanka’s ship agency liberalisation will draw foreign investment, cut costs: Eran

ECONOMYNEXT – Liberalising Sri Lanka’s ship agency sector will attract foreign investment, improve efficie...

2 min read

Contentious Sri Lanka shipping reforms under spotlight at forum

ECONOMYNEXT - Sri Lankan government plans to liberalise shipping by removing foreign ownership controls will be discusse...

2 min read

Japan keen on China-run Hambantota Port in Sri Lanka

ECONOMYNEXT - Japan’s aid agency said it is in talks with Hambantota International Port Group (HIPG), a China - ...

1 min read

Sri Lanka's Hambantota Port to boost volumes with K-Line terminal deal

Sri Lanka's Hambantota Port said it has signed a terminal service agreement with Japan's K-Line, which will lead to more...

1 min read

Auditors qualify Sri Lanka’s Mercantile Shipping Company accounts

Auditors have given a qualified opinion on the accounts of Sri Lanka’s Mercantile Shipping Company with the group...

3 min read

Sri Lanka's Colombo port grows fastest in the world in first half of 2018

Container handling at Sri Lanka's Colombo Port grew 15.6 percent in the first half of 2018, which was the fastest in the...

2 min read

Sri Lanka's freedom of navigation initiative aims for platform to resolve issues: PM

Sri Lanka's freedom of navigation initiative is to create a rules based mechanism where Indian Ocean littoral states and...

3 min read

Sri Lanka and India discuss fast tracking Indian Ocean naval, security deal

Sri Lanka's Prime Minister Ranil Wickremesinghe and India's Foreign Minister Sushma Swaraj had discussed the need to fas...

2 min read