Shipping and Transport

Boat Order

Oct 18, 2011 (LBO) - Sri Lanka based Solas Marine has wrapped up a three billion Indian rupee deal to supply 80 fast interceptor craft (FIC) to the Indian …

Bus Bar

Oct 17, 2011 (LBO) - Sri Lanka's first expressway which is to be opened in November will be closed for passenger buses, highways minister Nirmala Kothelawala …

Port Billing

Oct 16, 2011 (LBO) - The Sri Lanka Ports Authority aims to have a long-delayed online billing system ready by January 2012 with the customs already ready with …

Land Payment

Oct 13, 2011 (LBO) - The Sri Lankan state is getting ready to acquire land and pay compensation in the second phase of the project to build a large deep-water …

Cargo Call

Oct 06, 2011 (LBO) - Mediterranean Shipping Company has decided to extend by two years a deal with the Sri Lanka Ports Authority under which it calls at a …

Look Out

Sept 29, 2011 (LBO) - Sri Lanka's navy is monitoring merchant shipping movements to guard against the threat of attacks by Somali pirates who have been …

Domestic Credit

Sept 29, 2011 (LBO) - Sri Lanka will borrow around 500 million US dollars from local banks to pay domestic contractors who will pave national highways and …

Vehicle Strategy

Sept 28, 2011 (LBO) - The Sri Lankan agency for South Korea's KIA Motors is to set up three more service stations within the Colombo metropolitan region and …

Wheel Trend

Sept 23, 2011 (LBO) - Registrations of new vehicles in Sri Lanka dropped in July 2011 to 43,725 from a high of 48,157 a month earlier, while 12-month growth …

Box Terminal

Sept 22, 2011 (LBO) - A Sino-Lanka consortium that is to build a container terminal in Colombo's new deep-water South Port has signed a deal with Sri Lanka's …

Box Movements

Sept 21, 2011 (LBO) - Container cargo volumes at Sri Lanka's Colombo port fell in July although still higher so far this year compared with the same period in …

Motor Move

Sept 21, 2011 (LBO) - The Sri Lankan agency for South Korea's KIA Motors is to invest about a billion rupees in the next three years to expand its service …

Train Crash

September 17, 2011 (AFP) - At least three people including a Korean national were killed and about 25 injured near the Sri Lankan capital when a passenger …

Rural Links

Sept 09, 2011 (LBO) - Cleveland Bridge UK has signed a 56 million US dollar contact with Sri Lanka's Ministry of Economic Development to provide up to 210 …

Speed Bump

Sep 05, 2011 (LBO) - The long-delayed opening of Sri Lanka's first expressway will be delayed further although construction of the road is over because toll …

Port Premium

Sep 02, 2011 (LBO) - The state-run Sri Lanka Ports Authority (SLPA) is to provide medical insurance for its employees with the cost borne by the authority …

Ferry Orders

Aug 31, 2011 (LBO) - Sri Lanka's Colombo Dockyard said it has won an order to build two passenger ferries for India's Laskshadweep island administration, on …

Freight Fortunes

Aug 31, 2011 (LBO) - New freight forwarding businesses in east Asia helped improve sales and profits for Sri Lanka's Expolanka Holdings, which aims to further …

Vessel Hire

Aug 30, 2011 (LBO) - Sri Lanka's Mercantile Shipping Company is renegotiating vessel hire fees and trying a profit-share deal after slipping into the red last …

Rocky Tale

Aug 25, 2011 (LBO) - Bunkering at Hambantota port in Sri Lanka's South is to start next month after spending 40 million dollars to demolish a rock blocking the …