Search results for: Sri Lanka

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  • 4 February 2020
    Business & Finance

    Dredge Yard and their sole agent in Sri Lanka recently won an order for a standard cutter dredger (CSD) ECO 300. The order was placed in the last quarter of 2019 and earlier this month, the dredger was successfully delivered to Colombo, Sri Lanka. The company said in its latest announcement that they already commissioned […]

  • 11 December 2019
    Business & Finance

    Newly reclaimed land for the Port City Colombo project, conducted by China Communications Construction’s subsidiary CHEC, was officially declared as part of Sri Lanka on December 7. According to China Communications Construction, this momentous occasion was celebrated by CHEC Port City Colombo under the patronage of Sri Lankan Prime Minister, Mahinda Rajapaksa, and the Chinese […]

  • 29 October 2019
    Business & Finance, Vessels

    Dredge Yard and its sole agent in Sri Lanka, Hoavel Holdings, have won an order for a standard Cutter Suction Dredger ECO 300. The new dredger will be used by Sri Lanka Land Development Corporation (SLLDC) for the cleanup of the Beira Lake in Colombo, Sri Lanka. According to the company, Hovael Holdings confirmed that […]

  • 22 February 2018
    Business & Finance

    Port City Colombo has just released this beautiful photo of the trailing suction hopper dredger (TSHD) Wan Qing Sha, during her recent work on the Port City land reclamation scheme. This capital project, conducted by China Harbor Engineering Company (CHEC), is a brand new city development built as an extension of the Central Business District of […]

  • 25 January 2018
    Business & Finance

    China Harbor Engineering Company (CHEC) has signed two Memorandums of Understanding (MoUs) with Sri Lanka’s Ministry of Megapolis and Western Development, the Urban Development Authority and the CHEC Port City Colombo, for funding the Colombo International Finance City (CIFC) Building Complex. The structure, to be built on reclaimed land of the Colombo Port City Development […]

  • 28 August 2017
    Business & Finance, Equipment, Technology

    The Negombo Lagoon cleanup project in Sri Lanka was recently completed by using a multipurpose Watermaster amphibious dredging machine.  The Negombo Lagoon suffers from heavy siltation and the presence of urban debris, making big trouble for the fishing and sightseeing boats to enter the certain parts of the lagoon. Watermaster’s Urban Dredging Concept was utilized […]

  • 10 January 2017
    Business & Finance

    The Central Environmental Authority of Sri Lanka has taken an emergency action to halt large-scale land reclamation carried out illegally in two separate locations in Dandugama, Ja-ela, under the direction of President Maithripala Sirisena.  After received a complaint lodged by the locals, President Sirisena instructed the chairman of the Central Environmental Authority to investigate the incident and […]

  • 25 August 2014
    Business & Finance

    The Coast Conservation Department together with the Ministry of Fisheries and Aquatic Resources have taken steps to develop 18 lagoons in the island. The development of the new lagoons is scheduled for completion before the end of 2015. Arrangements are in place to remove unauthorized establishments in the lagoon areas and develop them without harming their […]

  • 13 August 2014
    Business & Finance, Equipment, Technology

    Phase I of Sri Lanka’s proposed offshore city, the Colombo Port City, is to start in September this year after completing all necessary requirements and legal documentation including Environmental Impact Assessment and signing of agreements with all connected parties of the project, a senior official of Sri Lanka Ports Authority (SLPA) revealed. The land filling […]

  • 7 August 2014
    Business & Finance, Equipment, Technology

    Sri Lanka has facilities to handle mega carriers with the infrastructure and support system which is on a par with other large ports in the region. Sri Lanka is positioned in a strategic location which should be exploited to boost business in the ports and shipping sector, expert said. “During the recent past, port sector […]

  • 4 August 2014
    Business & Finance, Equipment, Technology

    The Sri Lanka Ports Authority (SLPA) commemorated its 35th anniversary last week with a resolve to further develop the entire maritime industry of the country for sustainable existence in the maritime sector, with rapid globalization and amidst challenging competitions between international ports. Following the guidelines set in the ‘Mahinda Chinthana’ policy document of the Government […]

  • 22 July 2014
    Business & Finance, Equipment, Technology

    The construction of Sri Lanka Ports Authority owned single berth of the Colombo Port Expansion Project (CPEP) is known as the East Container Terminal (ECT) and with the completion of its Phase I soon, it is expected to cater the shortfall in the capacity of container handling in the Port of Colombo. The quay wall […]

  • 23 June 2014
    Business & Finance

    Asian Development Bank (ADB) President Takehiko Nakao has met with Sri Lanka’s President Mahinda Rajapaksa, as well as several ministers and senior officials, to discuss global, regional and bilateral issues, including challenges and opportunities for the Sri Lankan economy over the short to medium term. During the three-day visit, Mr. Nakao also visited Colombo Port, […]

  • 10 June 2014
    Business & Finance, Equipment, Technology

    Colombo will go up to the 21st position from 32 in the Top 50 World Container Ports list this year with the new berths of the Colombo International Container Terminals (CICT) coming into operation. The completion of the CICT final stage will have dramatic effects for container throughput at the South Asia island nation with […]

  • 9 June 2014
    Business & Finance, Equipment, Technology

    The Government of Sri Lanka has taken steps to liberalize and strengthen rules and regulations as supportive measures for the growth of shipping and maritime business in the country, Sri Lanka Ports Authority Chairman Dr. Priyath Bandu Wickrama said. The three-year short term port development plan of 2008-2010 was successfully completed, after which a five-year […]

  • 27 May 2014
    Business & Finance, Equipment, Technology

    The Hambantota Sea Port Project will greatly accelerate economic development in Sri Lanka’s Southern Province, the Hambatota Sea Port Project Manager Liu Hong Shen said. Shen was addressing an awards ceremony at Kirala Kele Hotel at Ambalantota where the best performers in the phase two of the Hambantota Sea Port Project for the first quarter […]

  • 16 April 2014
    Business & Finance, Equipment, Technology

    The Hambantota Port will receive two ships to shore cranes and they will be placed inside the port by the end of this month.  “These ships to shore cranes are essential for the new ports like Hambantota, because those cranes have arms which are much longer than the gantry cranes,” said Parakarma Pillapitiya, the Business […]

  • 20 March 2014

    Bank of Ceylon signed a financing agreement for LKR 10.50 Billion with Sri Lanka Port authority (SLPA) for the development of East Container Terminal (ECT) under Colombo Port Expansion project. This project is facilitated through leading infrastructure development provider Hyndai Engineering and Construction Co. Ltd in Korea. Ltd and is expected to complete in 2015. […]

  • 29 January 2014
    Business & Finance, Equipment, Technology

    Wencai Zhang, the Vice Chairman of the Asian Development Bank (ADB), recently inspected the Colombo Port Expansion Project, according to news360.lk. During this visit, Priyath Bandu Wickrama, the SLPA Chairman, explained the ongoing development work in the Colombo Port. Colombo International Container Terminals Ltd. started these expansion works in December 2011. With an envisaged investment […]

  • 13 January 2014
    Business & Finance, Equipment, Technology

    SLPA has record a growth of 12.3% TEUs in transshipment operations during last year compared to the same period of 2012. Against 1,584,985 TEUs handled in this regard in 2012, SLPA has handled a total transshipment volume of 1,779,882 TEUs in 2013. SLPA has also shown a 1.8% growth in domestic operations in 2013 compared […]

  • 7 November 2013
    Business & Finance

    The Sri Lanka Ports Authority has recorded its ever highest daily container volume, which is 9,884 TEUs on the 2nd November 2013. The previous highest volume of 9,659 TEUs was reported by the SLPA on the 24th June 2013. By the end 31st October 2013, Sri Lanka Ports Authority had handled a cumulative throughput of […]

  • 11 October 2013
    Business & Finance

    On August 5th following the construction of the International Port of Colombo South Container Terminal Project in Colombo, Sri Lanka, an opening ceremony was held to officially open the Port for use. President of Sri Lanka, Mahinda Rajapaksa was present at the site, as well as China Communications Construction Company’ s Assistant President, Song Hai […]

  • 30 September 2013
    Business & Finance

    Liu Yunshan, a member of the Standing Committee of the Political Bureau of CPC Central Committee and a member of the Secretariat of the Central Committee, who paid a friendly visit to Sri Lanka, inspected Colombo Container Terminal Project, Sri Lanka, and expressed his sincere concern to the field staff of CHEC participating in the […]

  • 16 September 2013

    Sri Lankan President Mahinda Rajapaksa said development goals cannot be achieved by opening old wounds or by digging for dirt. The President was addressing the gathering after commissioning the newly constructed Oluvil commercial port and fisheries harbour and ice manufacturing plant yesterday. The harbour project was constructed at a cost of Rs.7,000 million. President Mahinda […]

  • 13 September 2013
    Business & Finance

    UltraTech Cement Lanka (Pvt) Ltd, a leading cement manufacturer announced their strategic involvement with the construction of the Colombo South Harbour. The new South Harbour is the only harbour in South Asia to be able to accommodate Triple E Class vessel and could become one of the main transhipment hubs. Kiran Redkar, the Chief Executive, […]

  • 4 September 2013
    Business & Finance

    The newly constructed Oluvil commercial port and fisheries harbour together with the ice manufacturing plant constructed in the Eastern Province with aid from Denmark was vested in the public by President Mahinda Rajapaksa Sunday afternoon. Sri Lankan Government in its plans to give momentum to its economic development under the five hub concept had decided […]

  • 30 August 2013
    Business & Finance

    The new Oluvil Port Development project constructed at a cost of Rs. 7000 million will be vested in the public by President Mahinda Rajapaksa on September 1st. Construction of the Oluvil Commercial Harbour and the Fishing Harbour was commenced in 2008 under the Neganahira Navodaya programme. The Danish construction company MT HØjgaard has completed the […]

  • 29 August 2013

    Cabinet approval has been granted for the implementation of the Weras Ganga Storm Water Drainage and Environment Improvement Project. The project is executed to mitigate the frequent flooding in Weras Ganga Basin and also to promote sustainable development activities and enhance environment improvement which will promote tourism industry in the relevant areas. The project involves […]

  • 26 August 2013
    Business & Finance, Equipment, Technology

    Under the auspicious of the Metro Colombo Urban Development Project led by the Ministry of Defence and Urban Development, new dredging machines and modern equipments were handed over to the Sri Lanka Land Reclamation and Development Corporation (SLLR&DC) at a function held at the Ministry premises last week. Economic Development Minister Basil Rajapaksa participated at […]