Shipping and Transport

Cost Account

Aug 25, 2011 (LBO) - Sri Lanka's Hambantota port needs extra loans of 147.9 million dollars to cover equipment including cranes, cost escalations in building …

Supply Vessels

Aug 25, 2011 (LBO) - Sri Lanka's Colombo Dockyard has won a deal from a Singapore-based owner to build four 78-metre Multipurpose Platform Supply Vessels …

Port Parley

Aug 24, 2011 (LBO) - An international conference on ports opened in Sri Lanka Wednesday with the head of its port authority saying ports need to urgently need …

Financial Closure

Aug 16, 2011 (LBO) - China Development Banking Corporation will loan 350 million US dollars for a 500 million US dollar container terminal in Colombo to be …

BOT Deal

Aug 15, 2011 (LBO) - A 35-year build operate transfer deal has been signed between state-run Sri Lanka Ports Authority and Colombo International Container …

Pole Position

Aug 11, 2011 (LBO) - Sri Lanka's brand new automobile market is dominated by India's Maruti and Toyota is leading the re-conditioned or imported used car …

Auto Profits

Aug 10, 2011 (LBO) - Sri Lanka's Diesel and Motor Engineering Company, an auto importer and distributor said net profits in the June 2011 quarter rose 321 …

Fusion Mode

Aug 05, 2011 (LBO) - A service station to repair and maintain hybrid cars in Sri Lanka, whose use has risen sharply after an import tax cut, has been set up in …

Logistics Net

Aug 04, 2011 (LBO) - Profits at Sri Lanka's Expolanka group, whose key business is in logistics, rose 15 percent to 273 million rupees in the June 2011 quarter …

Port Plants

Aug 04, 2011 (LBO) - The Sri Lankan government has approved the award of contracts for manufacturing plants in a new port in the south where a remaining rock …

Circular Road

Aug 04, 2011 (LBO) - Metallurgical Corporation of China, a Chinese state-run building and engineering firm is to design and build a section of a highway around …

Port Forum

Aug 04, 2011 (LBO) - Sri Lanka is to host an annual meeting of the international ports association alongside an air freight and shipping exhibition to promote …

Harbour Traffic

Aug 02, 2011 (LBO) - The Sri Lanka Ports Authority has started work on widening a bridge inside Colombo port to ease traffic congestion within the harbour …

Bow Wave

Aug 02, 2011 (LBO) - A newly started ferry service between India and Sri Lanka is becoming more popular and the group which operates the ferry from the Indian …

Port Call

Aug 01, 2011 (LBO) - Singapore-based carrier Pacific International Lines (PIL) has added Sri Lanka's Colombo port on its East Africa - Far East Service, with a …

Port Revival

July 31, 2011 (LBO) - An American salvage company has begun clearing wrecks from a port in Sri Lanka's former northern war zone ahead of dredging and repair …

Somaliland

DUBAI, July 28, 2011 (AFP) - A petrol tanker belonging to the United Arab Emirates hijacked by Somali pirates on July 16 has been released, state news agency …

Motor Owners

July 27, 2011 (LBO) - Sri Lanka's new car registrations rose 10 fold to 29,883 in the first half of 2011, amid 63 percent overall rise in vehicle registrations …

Toll Level

July 27, 2011 (LBO) - Sri Lanka's first expressway is likely to charge a toll of 300 rupees for the full journey from the capital Colombo to the southern town …

Bunker Business

July 22, 2011 (LBO) - The Sri Lanka unit of Indian Oil Corporation has said strong sales of bunker fuel to ships in the last three months of the last financial …