Shipping / Aviation

Global air freight demand ends 2018 with 3.5% growth

Views - 28 Monday, 18 February 2019 01:14

IATA’s full-year 2018 data for global air freight markets shows that demand, measured in freight tonne kilometres (FTKs) grew by 3.5% compared to 2017, significantly lower than the extraordinary 9.7% growth recorded in 2017. Freight capacity, measu

Alitalia: January was 14th consecutive month of passenger revenues growth

Views - 15 Monday, 18 February 2019 01:13

(Rome): Alitalia’s passenger revenues increase continues the growth trend reported in the previous months. The Italian airline reported in January 2019 the 14th consecutive month of growth, with a 4% increase in passenger revenues, compared to Janu

CILT anchors Road Show at Hambantota International Port Group

Views - 316 Monday, 18 February 2019 01:10

The Chartered Institute of Logistics and Transport (CILT) Sri Lanka held its first road show for the year at the Hambantota International Port Group (HIPG) head office on 25 January. CILT Sri Lanka Chairperson Gayani de Alwis CMILT, Council members H

Sagala tours Colombo Port

Views - 46 Monday, 18 February 2019 01:07

Ports, Shipping and Southern Development Minister Sagala Ratnayaka last week went on an inspection tour at the Colombo Port. The Minister visited the Jaya Container Terminal (JCT), the Passenger Terminal, storage facilities, the kitchen, medical cen

Advisory services for improving oil spill management capabilities of Sri Lanka Coast Guard

Views - 60 Monday, 18 February 2019 01:04

Kentaro Sonoura, M.P. and Special Advisor to the Prime Minister of Japan, visited Sri Lanka from 15 to 16 February. During his stay, he held meetings with President of the Democratic Socialist Republic of Sri Lanka Maithripala Sirisena and other Sri

Japan assures Sri Lanka continued support for coastal and maritime security

Views - 40 Monday, 18 February 2019 01:02

Japanese MP and Special Advisor to the Japanese Prime Minister Kentaro Sonoura has assured Sri Lanka of his country’s support for strengthening coastal and maritime security. Sonoura, who is on a two-day visit to Sri Lanka, gave this assurance when

Overnight pirith ceremony and alms at Hambantota Port

Views - 34 Monday, 18 February 2019 01:00

A pirith ceremony was held recently at the administrative building of the Hambantota International Port (HIP). 20 Buddhist monks from 19 temples within the port’s locality, were in attendance at the ceremony, while children from the Sri Seelawimala

Hong Kong port slips from global top five for first time

Views - 45 Monday, 18 February 2019 00:58

Hong Kong, AFP: Hong Kong’s port, which once vied with rival Singapore for global dominance, has slipped out of the world’s top five busiest shipping container terminals for the first time, new data has revealed. The bustling southern Chinese fi

CASA stresses urgency of National Single Window and Port Community System

Views - 144 Monday, 18 February 2019 00:57

Trade is the engine of economic growth for any country. Therefore countries around the world strive to improve cross border efficiencies in enabling greater predictability, transparency and other similar attributes to facilitate international trade.

MV Beijing Bridge under AGI Service makes maiden call at JCT

Views - 229 Monday, 18 February 2019 00:00

MV Beijing Bridge under its AGI Service made the maiden call at the Port of Colombo’s Sri Lanka Ports Authority (SLPA) controlled Jaya Container Terminal (JCT) on 13 February. In order to mark the vessel’s maiden call at the Port a plaque exchan

Qatar Airways Cargo launches flights to Almaty, Kazakhstan

Views - 50 Monday, 11 February 2019 00:00

Qatar Airways Cargo has launched freighter operations to the beautiful city of Almaty in Kazakhstan. The twice-weekly Boeing 777 freighters, offering more than 200 tonnes of capacity each week to the Kazakh city, depart Doha on Thursdays and Sundays,

ComBank enables online payment of Ports Authority charges

Views - 61 Monday, 11 February 2019 00:00

The Commercial Bank of Ceylon has added the Sri Lanka Ports Authority (SLPA) to its online banking platform, enabling customers to pay their Ports Authority charges in respect to their shipping requirements from anywhere, 24 x 7, 365 days of the year

Pakistan kicks off International Maritime Conference focusing on Indian Ocean Region

Views - 99 Monday, 11 February 2019 00:00

The three-day International Maritime Conference organised on the theme of ‘Global Geopolitics in Transition: Rethinking Maritime Dynamics in the Indian Ocean Region’ under the auspices of National Institute of Maritime Affairs has commenced. The

Speaker Karu Jayasuriya to be patron of first Colombo International Logistics Conference

Views - 93 Monday, 11 February 2019 00:00

Deshabandu Karu Jayasuriya will be the patron of the first ever Colombo International Logistics Conference which will be held on 1 and 2 August in Sri Lanka. He is the current speaker of the Parliament of Sri Lanka and the only politician qualified i

KOICA workshop on establishment of Master Plan and Capacity Building for Ocean University

Views - 189 Monday, 11 February 2019 00:00

The Korea International Cooperation Agency (KOICA), the grant aid division of the Embassy of the Republic of Korea, held a workshop for the KOICA funded project for ‘Establishment of the Master Plan and Capacity Building of the Ocean University of

Colombo Dockyard enters into contract with Sri Lanka Ports Authority to supply 2 pilot launches

Views - 92 Tuesday, 5 February 2019 01:21

Colombo Dockyard PLC (CDPLC) has successfully entered into a contract with Sri Lanka Ports Authority (SLPA) to supply two pilot launches. The contract was signed on 1 February at SLPA Chairman’s office. SLPA Chairman Kavan Ratnayaka and CDPLC Manag

CILT conducts P.B. Karandawala Memorial Lecture jointly with CMM

Views - 148 Tuesday, 5 February 2019 01:09

The Chartered Institute of Logistics and Transport (CILT) Sri Lanka held its 24th P.B. Karandawala Memorial Lecture on 24 January at Hector Kobbekaduwa Agrarian and Research Institute. The lecture was conducted jointly with Company of Master Mariners

Who is fooling whom with another draft national maritime and logistics policy?

Views - 436 Tuesday, 5 February 2019 00:00

Last week it was reported that yet another draft shipping and logistics policy was handed over to the new Minister Sagala Ratnayaka, it was a policy drafted during former national list Minister Mahinda Samarasinghe who acted against the maritime and

InterGlobe Freight starts operations in Sri Lanka

Views - 133 Monday, 28 January 2019 00:50

InterGlobe Freight Solutions Ltd. had its inauguration last week at its head office 281 R.A. De Mel Mawatha, Colombo 03. InterGlobe Freight is a partnership between Eagle Logistics Colombo and Kanchana Ekanayake who has over two decades experience in

KKS Harbour to handle general cargo in three years

Views - 103 Monday, 28 January 2019 00:50

The Kankasanthurai area will undergo a major transformation with the Sri Lanka Ports Authority (SLPA) set to launch the Indian-funded Kankasanthurai harbour development project.  Prime Minister Ranil Wickremesinghe, Ports, Shipping and Southern Deve

Global shipping rates slump in latest sign of economic slowdown

Views - 81 Monday, 28 January 2019 00:47

SINGAPORE (Reuters): Freight rates for dry-bulk and container ships, carriers of most of the world’s raw materials and finished goods, have plunged over the last six months in the latest sign the global economy is slowing significantly. The Baltic

India orders DP World, Maersk units to withdraw some notices to clients at Mumbai port

Views - 100 Monday, 21 January 2019 00:00

NEW DELHI (Reuters): India’s antitrust watchdog has ordered Denmark’s A.P. Moller-Maersk and Dubai’s DP World to withdraw certain customer advisories which it said could hamper growth of the country’s largest container port in Mumbai, a docum

P.B. Karandawala memorial lecture on Thursday

Views - 77 Monday, 21 January 2019 00:00

The Chartered Institute of Logistics and Transport (CILT) Sri Lanka will hold the P.B. Karandawala memorial lecture on 24 January 2019 at 5:30 p.m. at the Hector Kobbekaduwa Agrarian Research and Training Institute, 144 Wijerama Mawatha, Colombo 7. T

CINEC Campus conducts Aircraft Maintenance Engineering course

Views - 75 Monday, 21 January 2019 00:00

By consistently staying ahead of the development taking place in international civil aviation, CINEC Campus has attained the position of a catalyst for the industry by being able to develop new programs that are not readily available elsewhere in the

Sri Lanka needs better focus on logistics and distribution beyond 2020

Views - 4024 Monday, 21 January 2019 00:00

The time has come for Sri Lanka to make all efforts to transform its advantage of speed and connectivity into a major logistics hub in the Indian Ocean which can have many positive spinoff effects in terms of becoming a more vibrant manufacturing, tr

Qatar Airways CEO: not interested in Jet Airways as backed by ‘enemy’ state

Views - 49 Wednesday, 16 January 2019 00:00

MUMBAI (Reuters): Qatar Airways will not buy a stake in Jet Airways as a substantial portion of the debt-laden Indian carrier is held by Etihad Airways, whose owner Abu Dhabi is an “enemy” of Qatar, its CEO Akbar al-Baker said on Tuesday. Abu Dha

Advantis Projects marks completion of logistics services for Matara-Beliatta railway line

Views - 117 Wednesday, 16 January 2019 00:00

Advantis Projects, a subsidiary of Hayleys Advantis Ltd., renowned for its expertise in transporting oversized and specialised cargo, marked the successful completion of logistics service provision for the construction of the Matara-Beliatta railway

Qatar Airways Cargo launches flights to Guadalajara, Mexico

Views - 42 Wednesday, 16 January 2019 00:00

Qatar Airways Cargo has launched freighter services to Guadalajara, Mexico. The twice-weekly freighter departs directly from Macau to Los Angeles in North America and connects onward to Mexico City arriving in Guadalajara, before departing for Doha v

Vietnam start-up Bamboo Airways to launch first commercial flight today

Views - 44 Wednesday, 16 January 2019 00:00

HANOI, (REUTERS): Vietnam’s start-up Bamboo Airways will launch its first commercial flight on Wednesday, the company said. The airline, a unit of the property and leisure firm FLC Group will start selling tickets from Saturday, it said in a state

The birth of airlines in the USA

Views - 79 Wednesday, 16 January 2019 00:00

The first non-stop trans-Atlantic flight took place in 1919, when two English flyers, John Alcock and Arthur Whitten Brown, flew a modified Vickers Vimy bomber from Newfoundland, Canada to County Galway in Ireland. While this won them knighthoods and

Today's Columnists

Soaring heights of NPLs in banking

Thursday, 27 June 2019

Capital inadequacy, political interference, abuse of power, wasteful and unproductive expenditure, corrupt deals, circumventions of regulatory directions, unscrupulous lending operations, imposed IMF and WB conditions for reforms, and window-dressed

New Land Policy: Ideal alternate development strategy, but accompanying policies needed

Thursday, 27 June 2019

It is reported that the Government has prepared a law to grant freehold possession of farm land held under lease from the Government. This may be a revision of the Land Development Ordinance (LDO) of 1935. This article proposes to discuss the pros a

Need for an education revolution: Future of our kids and the nation is at risk – Part II

Thursday, 27 June 2019

Lessons to be learnt from the Asian educational giants A journalist of New York Times requested Hideki Shirakawa, a Nobel laureate, to describe Japanese culture. He said, “Fundamentally, Japanese culture is based on rice farming. Rice cultivation r

Country’s reconciliation with English and Moragahakanda

Thursday, 27 June 2019

When the country received independence from British, it was blessed with an efficient administration, a high standard in education, and also sound foreign exchange reserves; the country was admired by other countries. The three major and several mino

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