Shipping / Aviation

Hanjin Shipping bankruptcy costs $10 b

Views - 6 Monday, 4 September 2017 00:00

South Korean shipping company Hanjin Shipping has raised only $220 million, or about 2%, of the $10.5 billion that creditors claim is due, according to the Wall Street Journal.


Hapag-Lloyd receives new 15,000 TEU vessel from merger with UASC

Views - 5 Monday, 4 September 2017 00:00

Hapag-Lloyd has recently received an additional state-of-the-art 15,000 TEU vessel. The “AFIF” was handed over to Hapag-Lloyd’s Ship Management by Hyundai Samho Heavy Industries (HSHI) in South Korea.


NCCSL holds seminar on ‘Customs Procedures’

Views - 11 Monday, 4 September 2017 00:00

Senior officials from Sri Lanka Customs addressed the business community on the latest procedures at Customs, where participants were able to discuss and sort out many issues faced by them. The seminar proved to be a highly successful one.


Pathfinder Foundation, National Maritime Foundation of India ink MoU to boost cooperation

Views - 8 Monday, 4 September 2017 00:00

The Centre for Indo-Lanka Initiatives at Pathfinder Foundation (PF) and National Maritime Foundation (NMF) based in New Delhi, India signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation between the two think-tank organisations


Road to becoming a maritime hub: Opportunities and challenges in the eyes of CASA

Views - 242 Monday, 4 September 2017 00:00

Sri Lanka’s journey in becoming a maritime hub is put on the fast track with the signing of the Hambantota port agreement and the expedition the Colombo Port Expansion project.


Colombo Dockyard awarded ISO 9001: 2015 certifications by Lloyd’s Register Quality Assurance, UK

Views - 100 Monday, 28 August 2017 00:08

The Technical Review Committee of Lloyd’s Register Quality Assurance (LRQA) has approved the issue of ISO 9001: 2015 certificates to Colombo Dockyard PLC (CDPLC) making them one of the very first shipyards in this region to receive, from LRQ


Multi-country Marine HR conference puts spotlight on sustainable ship management

Views - 107 Monday, 28 August 2017 00:08

Asia Marine Colombo, a joint venture between Mercantile Marine Management Ltd. and reputed ship management company Reederei NSB based in Buxtehude Germany, reiterated its commitment to growing knowledge and competencies in specialised marine HR so


CASA supports initiatives taken by SLPA to develop port sector

Views - 176 Monday, 28 August 2017 00:08

With Ceylon Association of Shipping Agents (CASA) electing a new chairman and executive committee last month, the association is taking initiatives to support many development activities taking place in the shipping industry.  The


Nithin Gadkari to launch first ever South Asia Maritime and Logistics forum in Mumbai

Views - 120 Monday, 28 August 2017 00:07

India-Sri Lanka takes join initiative to promote South Asia maritime and logistics to the world Over 250 delegates from South Asia gather in one platform World Bank to present and discuss regional report,  Drewr


DP World 1H revenues grow 9.6% to $2.3 b

Views - 82 Monday, 28 August 2017 00:07

Dubai-based DP World, a global shipping terminal operator, last week announced a revenue of $2.295 billion for the first half of 2017, a growth of 9.6% on reported and 3% on like-for-like basis compared to H1 2016.  The revenue growth was s


US Embassy conducts customs training to help Sri Lanka better screen dangerous cargo

Views - 88 Monday, 28 August 2017 00:07

The US Department of State’s Export Control and Related Border Security (EXBS) Program trained 33 customs officials from Sri Lanka in risk management of cargo from 21 to 25 August. The training was conducted in Colombo and coordinated by EXB


Who wants liberalisation of shipping agency when we have the expertise locally

Views - 108 Monday, 28 August 2017 00:07

By Son of the Soil There have been calls from various unrelated persons to liberalise the shipping agency business. What these pundits fail to understand is that the shipping industry was liberalised in 1990 under the then UNP Government of Pres


Threat of price war clouds horizon for Maersk shipping business

Views - 82 Monday, 28 August 2017 00:07

Sells oil and gas business to France’s Total for $7.5 b COPENHAGEN (Reuters): A.P. Moller-Maersk has been fortified by the $7.5 billion sale of its oil and gas business to France’s Total, but the company’s


CMA CGM to build world’s largest container ships at Chinese yards: China Daily

Views - 87 Monday, 28 August 2017 00:07

SHANGHAI (Reuters): French shipping group CMA CGM plans to build nine of the world’s largest container ships at two Chinese shipyards, the China Daily newspaper reported. Shanghai Waigaoqiao Shipbuilding Co confirmed that it and i


Belt & Road expert shares valuable insights at CILT Logistics Leaders’ Evening

Views - 363 Monday, 21 August 2017 00:00

The Chartered Institute of Logistics & Transport (CILT) Sri Lanka Logistics Leaders’ Evening was held on 2 August with a lecture titled ‘China’s Belt & Road Initiative – A realisation of an Aspiration’ by Prof


Shippers’ Academy Colombo organises first exclusive program on all aspects of modern warehousing sol

Views - 393 Monday, 21 August 2017 00:00

Towards a new age distribution centre – making Sri Lanka a hub in the Indian ocean Warehousing and warehouse management are part of a logistics management system, which is itself a component in supply chain management. 


National Chamber to hold workshop on import procedures

Views - 523 Monday, 14 August 2017 00:08

The National Chamber of Commerce will conduct a one-day workshop on imports procedures and documentation – with special attention on WTO Goods Valuation Agreement, WTO Trade Facilitation Agreement (TFA) and Goods Classification & Harmoni


‘Meet the Customs Chief’ at National Chamber on 23 August

Views - 510 Monday, 14 August 2017 00:07

The National Chamber of Commerce of Sri Lanka in collaboration with Sri Lanka Customs will conduct a business forum with a team of high ranking officials of Sri Lanka Customs on Wednesday 23 August from 3.00 p.m. to 5.00 p.m. at the National Chamb


US Embassy conducts seaport interdiction training

Views - 516 Monday, 14 August 2017 00:06

The US Department of State’s Export Control and Related Border Security (EXBS) Program trained 18 Customs and Coast Guard Officials from Sri Lanka, Maldives, India, and Bangladesh in seaport interdiction from 31 July to 4 August. The trainin


flydubai first Middle East carrier to operate Boeing 737 MAX 8

Views - 545 Monday, 14 August 2017 00:06

flydubai’s first Boeing 737 MAX 8 taking off from Boeing’s Seattle Delivery Centre   flydubai has taken delivery of its first Boeing 737 MAX 8, making the Middle East carrier the first in the region to ope


US exploration firm offers to resume MH370 search, families say

Views - 517 Monday, 14 August 2017 00:05

KUALA LUMPUR (Reuters): A US seabed exploration firm has offered to take on the search for Malaysia Airlines Flight MH370, families of passengers and a Malaysian government minister said last week, in a bid to solve one of the world’s greate


British captain drunk while berthing cargo ship suspended

Views - 496 Monday, 14 August 2017 00:05

AFP: A British captain who was five times over the legal alcohol limit while berthing his cargo ship in a New Zealand port was fined and suspended from his duties last week. Anthony Michael Baker was breath-tested after harbour staff noticed pro


Qatar Airways reverses decision to buy into American Airlines

Views - 556 Monday, 14 August 2017 00:04

NEW YORK (Reuters): Qatar Airways will not proceed with its proposed financial investment in American Airlines Group Inc, reversing an earlier decision to build a stake of up to 4.75% in the US carrier. “Further review of the prop


Global air cargo biz posts strongest first half-year growth since 2010

Views - 530 Monday, 14 August 2017 00:03

IATA’s latest data for global air freight markets shows that demand, measured in freight ton kilometres (FTKs), grew by 10.4% in the first-half of 2017 compared to the first-half of 2016. This was the strongest first half-year perfo


WiLAT makes field visit to Finlay Cold Storage

Views - 564 Monday, 14 August 2017 00:03

Women in Logistics and Transport (WiLAT) – the Women’s Forum of The Chartered Institute of Logistics and Transport (CILT) Sri Lanka – dedicated to empowering the young minds in the Logistics and Transport industry, organ


Walkers Piling completes sea piling work at Walkers Colombo Shipyard

Views - 469 Monday, 14 August 2017 00:02

Walkers Piling Ltd., a subsidiary of MTD Walkers PLC, successfully completed Sri Lanka’s first sea piling project at the Walkers Colombo Shipyard in the Mutwal Harbour. The sea piling work was carried out to enable the installation of a st


Japan’s ANA Q1 profit rises 80% on international routes, low-cost arm Peach

Views - 476 Monday, 14 August 2017 00:02

Strong sales on international passenger, cargo routes   TOKYO (Reuters): ANA Holdings Inc, Japan’s biggest airline by revenue, has said first-quarter operating profit rose 80% due to brisk business on int


Lankan appointed Chairman of Federation of Asia Pacific Air Cargo Association

Views - 936 Monday, 14 August 2017 00:01

The Federation of Asia Pacific Air Cargo Association (FAPAA) held its 44th Ex Co meeting and Annual General Meeting in Kathmandu, Nepal from 26 to 28 July. Niral Kadawatharatchie, a Past Chairman of Sri Lanka Logistics and Freight Forwa


Singapore Airlines Q1 profit rises 45.6% on higher revenue

Views - 496 Monday, 14 August 2017 00:01

SINGAPORE (Reuters): Singapore Airlines Ltd. has reported a 45.6% rise in first-quarter operating profit, with revenue rising as it filled a higher proportion of seats. The carrier, which is seen as a barometer of the Asian airline indu


Colombo Dockyard delivers passenger ferry ‘Elutharakai’ to Jaffna

Views - 693 Tuesday, 8 August 2017 00:00

  CDPLC Chairman Dr. Toru Takehara, CDPLC MD/CEO D.V. Abeysinghe and Government Agent/ District Secretary Jaffna N. Vethanayahan along with other special guests from the Jaffna District Secretariat posing with the passenger ferry Elutharakai&


Today's Columnists

Is Sri Lanka ready for the 2025 growth agenda?

Tuesday, 19 September 2017

The other day the President and Prime Minister launched the 2025 vision for Sri Lanka which was incidentally the third policy statement of the Government since coming to power in 2015. My view is that the continuous changes to policy is important and


Venerable villainy of mercenary monks

Tuesday, 19 September 2017

The picture says it all. The ‘Silredi Sirakaruwan Mudaganime Aramudala’ was not demonstration of piety. It was a bold repudiation of the rule of law by a cabal of venerable villains, brazenly insisting that we Sinhala Buddhists submit to a rule b


Government has accepted jurisdiction of the International Court of Justice over Sri Lanka

Tuesday, 19 September 2017

At the ongoing September 2017 sessions of the UN Human Rights Council, the UK has written to the President of the Council to assert that a long standing dispute it has with the Mauritius cannot be referred to the International Court of Justice becaus


Vision 2025: Part 1: Need for moving from a wish list to a concrete plan

Monday, 18 September 2017

The Unity Government released its newest economic policy statement titled V2025 – the marketing tag for the goals it has set for realisation from 2017 to 2025 – two weeks ago.


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