Shipping / Aviation

CASA embraces paperless initiatives, use of digital signatures

Views - 287 Monday, 4 June 2018 00:00

CASA, the voice of the shipping industry successfully facilitated the seminar on ‘Paperless initiatives of Sri Lanka Customs and the use of digital signatures’ on 24 May at the Sri Lanka Foundation Institute.

COSCO to build $2 b port in Peru

Views - 13 Monday, 4 June 2018 00:00

Lima (Reuters): China’s COSCO Shipping Holdings Co Ltd will build and operate a $2 billion port on Peru’s Pacific coast, part of $10 billion upcoming Chinese investments in the copper-producing nation, China’s ambassador to Peru announced on Fr

CICT salvages storm-ravaged ‘MV Theseus’

Views - 40 Monday, 4 June 2018 00:00

A container carrier that sustained damage in tropical storm ‘Sagar’ in the Gulf of Aden, nearly 2,000 nautical miles from Sri Lanka, has been turned around in just 36 hours by Colombo International Container Terminals (CICT) when it arrived in th

Militzer & Münch opens country unit in Sri Lanka

Views - 80 Monday, 4 June 2018 00:00

Militzer & Münch Group celebrated the inauguration of its own organisation in Sri Lanka. At the new location near the Port of Colombo, Militzer & Münch will be consolidating shipments and handling sea freight transports to the regions of the Indian

Indonesia, India plan to develop strategic Indian Ocean port

Views - 24 Thursday, 31 May 2018 00:00

Jakarta (Reuters): Indonesia and India pledged on Wednesday to step up defence and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indo

SL and Korea sign MOU on cooperation in Aids to Navigation during visit of Minister Samarasinghe

Views - 29 Thursday, 31 May 2018 00:00

The Minister of Ports and Shipping of Sri Lanka Mahinda Samarasinghe and the Minister of Oceans and Fisheries of the Republic of Korea Kim Young-Choon signed a Memorandum of Understanding between the Ministries of Ports and Shipping of Sri Lanka and

Dhashma Karunaratne re-elected as WiLAT Sri Lanka’s Chairperson for 2018

Views - 467 Monday, 28 May 2018 00:00

Women in Logistics and Transport (WiLAT) Sri Lanka reappointed its Chairperson, Dhashma Karunaratne, for the year 2018 at the fifth Annual General Meeting held on 27 April at the Auditorium of the National Chamber of Commerce of Sri Lanka, amidst a l

CASA optimistic about National Single Window

Views - 175 Monday, 28 May 2018 00:00

Trade is the engine of economic growth for any country. Therefore countries around the world strive to improve cross border efficiencies and enable international trade to happen immaculately.

China to ease “one route, one airline” policy for Chinese carriers

Views - 23 Monday, 28 May 2018 00:00

SHANGHAI (Reuters): China will ease its near decade-old “one route, one airline” policy for Chinese airlines, the country’s aviation regulator said last week, allowing for increased competition on long-haul international routes.

Deutsche Post DHL seeks cost reduction at post, parcels division

Views - 16 Monday, 28 May 2018 00:00

BERLIN (Reuters) : German postal and logistics group Deutsche Post DHL Group is working on ways to cut costs at its post and parcels division after it missed first-quarter profit expectations.

UPS weighs strategy to deliver bulky goods to boost growth

Views - 15 Monday, 28 May 2018 00:00

Reuters : United Parcel Service Inc is in talks with at least one U.S. trucking firm to launch an in-home delivery service for large, heavy goods such as couches and treadmills, as the world’s largest package deliverer looks to cash in on one the f

E-commerce delivery demand lifts XPO 1Q profit but costs rise

Views - 12 Monday, 28 May 2018 00:00

Reuters : XPO Logistics, one of the largest global freight transportation and warehousing companies, reported a rise in quarterly profit last week fueled by strong demand for deliveries of online purchases offsetting higher costs.

Japan Airlines to set up low-cost carrier, targeting Asian demand

Views - 22 Monday, 28 May 2018 00:00

TOKYO (Reuters) : Japan Airlines Co Ltd (JAL) is launching a low-cost carrier offering medium to long-haul flights, aiming to tap growing Asian demand for budget air travel.

Asia Pacific airlines report $8.8 b in combined net earnings for 2017

Views - 14 Monday, 28 May 2018 00:00

Preliminary aggregated financial performance figures from the Association of Asia Pacific Airlines (AAPA) show that Asia Pacific airlines achieved US$8.8 billion in combined net earnings for the full year 2017.

CICT adjudged Best Container Terminal in Asia for second successive year

Views - 353 Tuesday, 22 May 2018 00:00

The CMPort managed Colombo International Container Terminal (CICT) was adjudged the Best Container Terminal in Asia in the Under 4 million TEUs category at the respected Asian Freight, Logistics and Supply Chain (AFLAS) Awards, bringing pride to Sri

Sichuan Airlines pilot was “sucked halfway” out of window, captain says

Views - 22 Monday, 21 May 2018 00:00

Shanghai (Reuters): The co-pilot of a Sichuan Airlines flight that was forced to make an emergency landing was “sucked halfway” out of the plane after a cockpit windshield blew out, local media reported citing the aircraft’s captain.

Cuba confirms 110 killed in country’s deadliest plane crash since 1989

Views - 14 Monday, 21 May 2018 00:00

HAVANA (Reuters): Cuban authorities said the fiery crash of an aging Boeing passenger jet on Friday shortly after takeoff from Havana had killed 110 of the 113 on board, making it the Caribbean island’s deadliest air disaster in nearly 30 years.

SilkAir to be merged into SIA after major $ 100 m cabin upgrade

Views - 15 Monday, 21 May 2018 00:00

Singapore Airlines’ (SIA) regional wing, SilkAir, is to undergo a significant investment program to upgrade its cabin products as part of a multi-year initiative that will ultimately see it merged into SIA.

Singapore Airlines beats expectations with highest profit in seven years

Views - 14 Monday, 21 May 2018 00:00

SINGAPORE (Reuters) : Singapore Airlines Ltd last week topped market expectations by reporting a 148% rise in full-year net profit to the highest level since 2011, as passenger and cargo revenue rose and it benefited from a transformation program.

Boeing cruises past forecasts, sees no sign of cost trouble

Views - 15 Monday, 21 May 2018 00:00

Reuters : Boeing Co’s profit surged past Wall Street estimates in the first quarter and booming demand for commercial jets pushed the world’s biggest planemaker to raise forecasts for cash flow and earnings in what promises to be another record y

ICAO, UN CTED to strengthen cooperation on border control, aviation security, counter-terrorism

Views - 26 Monday, 21 May 2018 00:00

ICAO Secretary General Dr. Fang Liu and the Assistant Secretary-General and Executive Director of the Counter-Terrorism Executive Directorate (UN CTED), Michèle Coninsx, last week took an important step to address international terrorist threats.

Deutsche Post raises prices for shipment of booksc

Views - 10 Monday, 21 May 2018 00:00

FRANKFURT (Reuters) - Deutsche Post DHL said it was raising the price of shipping packages of books and other goods in response to rising transport costs and volumes.

Vietnam opens Haiphong International Container Terminal

Views - 22 Monday, 21 May 2018 00:00

Mitsui O.S.K. Lines has announced that its joint venture company Haiphong International Container Terminal held an opening ceremony for the new Haiphong International Container Terminal (HICT) at Lach Huyen Port, Vietnam on May 13.

Eagle Express partners European courier giant GLS

Views - 40 Monday, 21 May 2018 00:00

Eagle Global Express has joined hands with GLS which is one of the leading parcel service providers in Europe.

Maersk latest company to shun Iran as EU scrambles to save nuclear deal

Views - 39 Monday, 21 May 2018 00:00

COPENHAGEN (Reuters) - Shipping group A.P. Moller-Maersk last week joined a growing list of companies preparing to call a halt to doing business with Iran, casting doubts on whether European leaders can keep alive a nuclear deal with Tehran.

CASA stresses urgency to develop East Container Terminal

Views - 297 Monday, 21 May 2018 00:00

The need for deep water terminals was discussed in many platforms last year due to the urgency of increasing port capacity in Colombo to cater to the surge of volume. In 2017,

EU states back softer rules tackling unfair airline competition

Views - 17 Monday, 14 May 2018 00:00

BRUSSELS (Reuters): EU ambassadors have backed watered-down proposals to tackle unfair competition from foreign airlines following opposition from some member states to the threat of revoking flying rights across the bloc, six people familiar with th

US and UAE sign pact to resolve airline competition claims

Views - 18 Monday, 14 May 2018 00:00

WASHINGTON (Reuters) - The United States and United Arab Emirates signed a deal on Friday to resolve U.S. claims that Gulf carriers have received unfair government subsidies, the U.S. State Department said.

SriLankan Airlines reaches record milestones in FY18

Views - 582 Monday, 14 May 2018 00:00

SriLankan Airlines, the national carrier of Sri Lanka, has concluded another year of strategic growth in its recently ended financial year, which was underscored by several historic milestones.

Top container shipping lines reviewing Iran operations

Views - 31 Monday, 14 May 2018 00:00

LONDON (Reuters) - The world’s top two container shipping groups Maersk Line and MSC are reviewing their Iran operations after the United States withdrawal from the international nuclear agreement with Tehran.

Today's Columnists

Strong trade agreements need 30-50 consultations

Wednesday, 20 June 2018

Coming from a multinational working background, I strongly support free trade given that open competition tends to sharpen

The case of our concealed subservience to China

Wednesday, 20 June 2018

If one takes a close look at the general trend of discourse and debate that has been going on in Sri Lanka, one cannot but be

Muslim markers in Sri Lanka: Changes and challenges

Wednesday, 20 June 2018

If we exclude from our consideration the wars that owe their origin to religious hatred, or to difference in fundamental principles

A 10-point guide on bank credit facilities that suit your business best

Tuesday, 19 June 2018

As a businessman when you visit a bank seeking credit facilities you are faced with a lot of banking jargon with which you are often not conversant. You tend to learn about them only when you start utilising such facilities. Further, if are young and

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