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Sunday September 19th, 2021
Shipping

Sri Lanka starts operations at East Container Terminal in Colombo

State-run Sri Lanka Ports Authority has started container operations at a new partially built terminal in Colombo that w...

6 min read

New Diamond Owners agree to pay an initial claim made by Sri Lanka - AG

Lawyers representing the stricken MT New Diamond crude oil tanker have agreed to settle the initial claim made by the go...

6 min read

Captain of stricken oil tanker MT New Diamond ordered to appear in court

A Colombo Magistrate has issued notice on the Captain of the stricken oil tanker MT New Diamond to appear before him on ...

6 min read

Sri Lanka preparing its legal strategy with regard to the MT New Diamond disaster

Sri Lanka is planning its legal strategy to sue the owners of the Supertanker that caught fire off its shores and is cur...

6 min read

Sri Lanka PM says turning white elephants green

The Sri Lankan government has started to turn around Hambantota port, a white elepant that was draining a state port age...

2 min read

Sri Lanka says pressing ahead with shipping liberalization, amid Indian moves

Sri Lanka will press ahead with liberalizing the island’s shipping industry Finance Minister Mangala Samaraweera ...

3 min read

China’s CM Port makes last payment to Sri Lanka for Hambantota Port

ECONOMYNEXT – Chinese global port operator China Merchant Port Holdings Limited (CM Port) has paid Sri Lanka the ...

1 min read

Sri Lanka’s SAGT gets third service from Japanese shipping group

ECONOMYNEXT – Ocean Network Express (ONE), the mega carrier born out of the merger between three Japanese shippi...

1 min read

Sri Lanka’s Hemas group eyes overseas business with logistics centre JV

Sri Lankan conglomerate Hemas Holdings is looking to expand regionally with its new logistics centre housing a container...

2 min read

Merged Japanese shipping line ONE starts Sri Lanka calls

Ocean Network Express (ONE), a Japan-based shipping line, has begun calling at Sri Lanka's Colombo, port.

1 min read

Sri Lanka port deal with China deadlocked over island dispute: report

A Chinese state firm is holding back a part payment of 585 million US dollars for Hambantota Port over a unresolved issu...

1 min read

Sri Lanka port expansion delays cause concern: Hemas

ECONOMYNEXT – Delays in further expanding Colombo port with the addition of more container terminals is a cause f...

1 min read

Sri Lanka Colombo Port volumes up 16.2-pct in 1Q, fastest after Singapore

Containers handled at Sri Lanka's Colombo port grew 16.2 percent from a year earlier to 1.7 million twenty foot equivale...

1 min read

Sri Lanka Ports Authority profits sharply up in 2017

State-run Sri Lanka Ports Authority said it had made 13.3 billion rupees of profits in 2017, up from 1.03 billion rupees...

1 min read

Morning Briefing Gain clarity on the biggest stories of the day with our daily newsletter, Morning Briefing
Latest Last
US Dollar 200.0000 200.0063
UK Pound 275.8000 276.7787
Euro 235.2700 236.3574
Aus Dollar 145.7600 146.5546
Yen 1.8202 1.8301
Source: Central Bank/Indicative
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Korea Won 0.1699 0.1710
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Source: Central Bank/Indicative
pts %
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Turnover Rs million. 2,191,558,044.10 3,956,871
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3-m bill 5.85 5.77
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12-m bill 5.97 5.89
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8-yr bond 9.18 9.05
Source: Central Bank/Indicative
today yesterday
Overnight Money 5.11 5.11
Gilt Repo 5.14 5.14
I-m SLIBOR - -
Source: Central Bank/Indicative

Japanese alliance adds Sri Lanka’s SAGT to new container shipping service

ECONOMYNEXT – Ocean Network Express, a new global container carrier alliance of three Japanese liner companies, h...

2 min read

APL opens new office in Sri Lanka, says shipping hub prospects good

APL, one of the world’s leading container shipping lines, said it opened a new office in Colombo, the capital of ...

2 min read

Sri Lanka's Colombo ranked 13th best connected port in the world

Sri Lanka's Colombo port has been ranked the 13th best connected port in the world in 2017, moving up five places from 1...

2 min read

Sri Lanka's Colombo port targets 7mn boxes in 2018 with joint marketing: Minister

Sri Lanka's Colombo Port expect to handle 7.0 million containers in 2018, up 12.9 percent from the 6.2 million twenty fo...

3 min read

Sri Lanka Dockyard says ship building recovery not in sight yet

ECONOMYNEXT – Sri Lankan shipbuilder Colombo Dockyard said 2017 was yet another tough year for ship yards despite...

2 min read

Sri Lanka’s Colombo Dockyard near profit in December quarter

ECONOMYNEXT – Sri Lanka’s Colombo Dockyard narrowed its losses further to just Rs192,000 in the December 2...

1 min read

Sri Lanka Ports Authority, SAGT recognized

Sri Lanka Ports Authority, a state port agency and South Asia Gateway Terminals which operates a terminal, has been reco...

1 min read

Sri Lanka's Colombo port container volumes up 16.4-pct in January 2018

Sri Lanka's Colombo Port handled 564,155 containers in January 2018, up 16.4 percent from a year earlier, with transhipm...

1 min read

Sri Lanka’s Walkers Colombo Shipyard launches harbour tug

ECONOMYNEXT – Sri Lanka’s Walkers Colombo Shipyard (Private) Limited has completed the construction of its...

2 min read

Sri Lanka's Colombo port volumes up 8.3-pct in 2017

Sri Lanka's Colombo Port has ended 207 handling 6.2 million containers up 8.3 percent in 2017, with the state-run ports ...

1 min read

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