Shipping / Aviation

UPS profit hurt by severe weather, issues disappointing outlook for second quarter

Views - 34 Monday, 29 April 2019 00:00

REUTERS: United Parcel Service Inc. said it saw signs of softening in the US economy and issued a disappointing second-quarter profit forecast, sending shares down 7% even as it promised a strong end to the year. First-quarter results at UPS were sl

CASA highlights importance of maritime education and training

Views - 146 Monday, 29 April 2019 00:00

Maritime education and training is a vital element in the journey to make Sri Lanka a maritime hub. Ceylon Association of Shipping Agents (CASA) has highlighted the importance of capacity-building in the industry in numerous press articles and forums

CMA CGM unveils new digital solution

Views - 65 Monday, 29 April 2019 00:00

Digitisation is deeply transforming the world economy and inventing new market rules. It is becoming essential for businesses and individuals to develop new ways of doing business and interacting with one another. A lever for growth, differentiation

Boeing making ‘steady progress’ on path to 737 MAX software certification: CEO

Views - 40 Monday, 22 April 2019 00:10

Washington/Chicago (Reuters): Boeing Co is making “steady progress” on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight, its chief executive said on Wednesday. Boein

Colombo Dockyard represents Sri Lankan ship repair and shipbuilding at Sea Asia 2019, Singapore

Views - 97 Monday, 22 April 2019 00:10

Sri Lanka’s pioneer shipbuilding and ship repairing facility, Colombo Dockyard PLC participated at one of the leading international shipping exhibitions ‘Sea Asia 2019’ during 9-11 April in Singapore. Colombo Dockyard has been a regular parti

John Keells Logistics crowned for management excellence

Views - 69 Monday, 22 April 2019 00:10

John Keells Logistics Ltd. (JKLL), a premier third party logistics services provider (3PL) in Sri Lanka, was recognised as a ‘Company with Great Managers’ at the Great Manager Awards (2018), held recently at The Kingsbury Hotel, Colombo. Top th

Airbus sells longer-range A321s, sees quick end to Boeing crisis

Views - 31 Monday, 22 April 2019 00:00

TOULOUSE (Reuters): The new sales chief at Europe’s Airbus hinted at orders for an unannounced new version of its A321 jet, while softening market rhetoric and predicting rival Boeing will emerge quickly from a crisis over the grounded 737 MAX. Ai

Cathay Pacific joins Pharma.Aero

Views - 34 Monday, 22 April 2019 00:00

Cathay Pacific has become a full member of Pharma.Aero, a cross-industry collaboration for pharma shippers, CEIV-certified cargo communities, airport operators and other air cargo industry stakeholders. Cathay Pacific has been CEIV Pharma certified

Etihad operates single-use plastic free flight on Earth Day

Views - 36 Monday, 22 April 2019 00:00

Etihad Airways has become the first airline in the region to operate a flight without any single-use plastics onboard, in a bid to raise awareness of the effects of plastic pollution. Flight EY484 departed Abu Dhabi on 21 April, landing in Brisbane o

The sad demise of Jet Airways

Views - 704 Monday, 22 April 2019 00:00

Jet Airways of India, once the premier full-service carrier of the sub-continent, has ceased operations. “Jet Airways and its Board of Directors have been forced to take this extreme measure, as prolonged and sustained efforts with lenders and auth

Indian, Australian warships arrive in China for naval parade

Views - 29 Monday, 22 April 2019 00:00

QINGDAO (REUTERS): Warships from India, Australia and several other nations arrived in the eastern Chinese port city of Qingdao on Sunday to attend a naval parade, part of a goodwill visit as China extends the hand of friendship despite regional tens

Chartered Institute of Logistics and Transport Sri Lanka reaches out to provinces

Views - 45 Monday, 22 April 2019 00:00

The Chartered Institute of Logistics and Transport Sri Lanka (CILT SL) which is a leading global professional body associated with the logistics, transport and supply chain industry in the country partnered with the department of manufacturing and in

US Navy ships arrive at Hambantota Port for CARAT exercise

Views - 90 Monday, 22 April 2019 00:00

United States Navy ships USNS Millinocket and USS Spruance arrived at Sri Lanka’s Hambantota Port on Thursday to kick off the 25th annual Cooperation Afloat Readiness and Training (CARAT) exercise series on 19 April. Director Naval Operations Com

IMO works to clamp down on illicit shipping practices

Views - 59 Monday, 8 April 2019 00:00

LONDON (Reuters): The United Nations’ shipping agency is working on tougher measures to clamp down on rogue shipping companies trying to use flag registries fraudulently to conceal their activities, officials said. All commercial ships have to be

CILT presents FCILT status certificate to Capt. Rohith Fernando

Views - 159 Monday, 8 April 2019 00:00

CILT held its AGM at the Kingsbury recently. On conclusion of the AGM CILT Chairperson Gayani de Alwis handed over the FCILT status certificate to Captain Rohith Fernando. He is the only recipient for 2019 so far.

GAC Group Sri Lanka appoints new CEO

Views - 221 Monday, 8 April 2019 00:00

Re-engineering and rebuilding the internal management structure within the McLarens Group, the company announces the appointment of a prominent pillar to drive the growth of the company. GAC Group Sri Lanka, a subsidiary of McLarens Group, appointed

Hideaki Tanaka appointed as Chairman of Colombo Dockyard

Views - 90 Monday, 8 April 2019 00:00

Hideaki Tanaka has been appointed as the Chairman of Colombo Dockyard PLC from 26 March. He replaces Dr. Toru Takehara who completed his term as the Chairman of the Company on 26 March. Tanaka holds a Bachelor’s Degree in Economics (1987) from Rikk

Gayani de Alwis re-elected as Chairperson of Chartered Institute of Logistics and Transport SL

Views - 309 Monday, 8 April 2019 00:00

The Chartered Institute of Logistics and Transport (CILT) Sri Lanka held its 35th Annual General Meeting (AGM) on 29 March at the Victorian of Kingsbury Hotel attended by an impressive gathering of their members. Gayani de Alwis CMILT was re-elected

Singapore, Malaysia reach deal to end months-long airspace dispute

Views - 27 Monday, 8 April 2019 00:00

SINGAPORE (Reuters): Singapore and Malaysia reached an agreement to end their months-long airspace dispute, the transport ministers of the two neighbouring countries said in a joint statement on Saturday. Under the deal, Singapore will halt instrumen

Turkish Airlines first to use brand new insurance-backed aircraft financing product “Balthazar”

Views - 58 Monday, 8 April 2019 00:00

Turkish Airlines, being among the most innovative airlines in aircraft financing, recently became the first airline to use the brand new insurance-backed aircraft financing product “Balthazar” combined with French lease, with the financing of its

Airbus opens Flight Academy and extends training services to pilot cadets

Views - 27 Monday, 8 April 2019 00:00

Airbus has opened its own flight academy and extended its training services offering by adding “ab-initio” to its portfolio. The Airbus Flight Academy Europe, formerly known as Cassidian Aviation Training Services (CATS), is based in Angoulême,

Boeing to cut monthly production of 737 airplanes in wake of two deadly crashes

Views - 14 Monday, 8 April 2019 00:00

CHICAGO: Boeing has decided to temporarily move from a production rate of 52 737 airplanes per month to 42 airplanes per month starting in mid-April, the company’s chief executive officer said in a statement. “At a production rate of 42 airplane

SriLankan Engineering standards reaffirmed at recent EASA Audit

Views - 38 Monday, 8 April 2019 00:00

SriLankan Airlines, armed with several industry certifications of the highest recognised global standards, has positioned itself as the finest institution in South Asia for aircraft engineering Maintenance, Repair and Overhaul (MRO) for all airlines

PM visits Laugfs Gas Terminal, CMPort-SLPA’s Hambantota Port

Views - 230 Monday, 1 April 2019 00:00

Prime Minister Ranil Wickremesinghe on Saturday visited the terminal belonging to Laugfs Gas in Hambantota as well as the China Merchant (CMPort) and Sri Lanka Ports Authority managed Hambantota port. He was detailed about the on-going developments

China Southern, China Eastern Airlines post annual losses on fuel costs, weak yuan

Views - 29 Monday, 1 April 2019 00:00

BEIJING, REUTERS: China Southern Airlines and China Eastern Airlines on Friday both posted a slump in annual profits, hit by rising fuel costs and a weak yuan currency, missing analyst forecasts. China Southern, the country’s largest carrier by pa

Has an airliner been grounded before this?

Views - 26 Monday, 1 April 2019 00:00

The worldwide grounding of a new aircraft type is a very rare occurrence. Most recently the Boeing 787 was grounded due to battery issues for three months in 2013, an episode that cost the manufacturer dearly in the short-term. Previously, Airbus suf

What is ‘fly by wire’?

Views - 29 Monday, 1 April 2019 00:00

Aircraft control surfaces, located on the wings, the rudder and horizontal stabiliser at the rear of the aircraft, were originally connected to the pilots by a series of cables and pulleys. Pilot action on the control wheel or stick, would move the c

Who flies the B737 Max?

Views - 32 Monday, 1 April 2019 00:00

SriLankan Airlines has an all Airbus fleet, so does not use the Max. Regionally SpiceJet, Jet Airways, Silk Air, Fly Dubai and Oman Air have this version of the B737, but they are all grounded at the moment. Passengers may experience schedule changes

IATA launches certification for perishable logistics

Views - 50 Monday, 1 April 2019 00:00

IATA has launched a new industry certification - the Center for Excellence for Perishable Logistics (CEIV Fresh). IATA’s Director General and CEO Alexandre de Juniac said: “Perishable goods is a growing market for air cargo. Ensuring that these d

Gulf Air takes delivery of second Airbus A320neo

Views - 18 Monday, 1 April 2019 00:00

Gulf Air, the national carrier of the Kingdom of Bahrain, has taken delivery of its second Airbus A320neo. Gulf Air’s A320neo (new engine option) is powered by LEAP-1A engines from CFM International and features large wingtips known as Sharklets. T

Today's Columnists

State of the economy of Sri Lanka

Saturday, 21 September 2019

I am not an economist nor do I profess to be an economic analyst. The views expressed in this presentation are those of a layman who has always been interested in the economic progress of Sri Lanka.

Premadasa, Père et Fils

Saturday, 21 September 2019

We are what time, circumstances and history has made of us. We are trapped in history. At age 77, I refuse to trap history in my mind. This essay is an obligation to history. Although J.R. Jayewardene introduced ‘Executive Presidentialism’, coer

Economy, business community and the Prime Minister

Friday, 20 September 2019

The speech made by Prime Minister Ranil Wickremesinghe as the Chief Guest of the Sri Lanka Economic Summit 2019 deserves very careful consideration by the country due to several reasons. This will no doubt be his last speech on economic policy to be

Sri Lanka needs to invest more on soft infrastructure

Friday, 20 September 2019

Developing countries like Sri Lanka will have to prepare for further downside risks in 2020 with the growing debt problems and the growth problems in Europe and the slowdown in Asia. Slower growth is already visible in weakening global trade and comm

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