Diversifying Strategy

The Hapag-Lloyd delegation including, Capt. Prateek Gandhi – Director Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Faheem Mir – Manager - Operations, Hapag-Lloyd, Regional Office, Dubai,Mr. Lalith Witanachchi – Vice President, Hapag-Lloyd Lanka (Pvt) Ltd, Mr. Mindaka Dassanayake – General Manager, Hapag-Lloyd Lanka (Pvt) Ltd.,Mr. Rohan Ranasinghe – Terminal Operations Manager, Hapag-Lloyd AG and Mr. Iqram Cuttilan – Managing Director, Aitken Spence Shipping Ltd poses for a pic with SLPA’s Chairman -Admiral Sirimewan Ranasinghe and the Managing Director - Eng. Ganaka Hemachandra. SLPA's Vice Chairman - Eng. Herath M.P. Jayawardhana, Director (Operations) - Mrs. G. Zavia Miskin and Director (Marketing and BD) - Mr. H J K U Kumara are also present.

Feb 18, 2013 (LBO) - LankaIOC, a unit of Indian Oil Corporation is planning to deal in petrochemicals such as polyethylene and polypropylene, to diversify its product portfolio, an official said.
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Dakwale told reporters earlier this month that the firm was planning to retail Euro III grade diesel following a request from Sri Lanka's motor sector.

It already sells Euro III petrol.

Managing director Subodh Dakwale said the firm planned to enter the sector as soon as the government nod was given.

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LankaIOC retails petrol, diesel, lubricant, bunkers for ships and bitumen.

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Sri Lanka's retail prices set by state-run Ceylon Petroleum Corporation, which is followed by LankaIOC.

Petrol is heavily taxed and diesel lightly taxed.

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Lanka IOC officials have said that diesel was making a loss, though sold at price higher than CPC.

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