Shipping / Aviation

Relaxed cabotage rules may move transhipment to Indian ports from Colombo

Views - 72 Monday, 10 September 2018 00:37

MUMBAI: Relaxation in cabotage rules that were prohibiting foreign flagged vessels from ferrying domestic cargo will help transferring transshipment activity to Indian ports and can help save forex and also create jobs opportunities locally, a trade

Surge in Q2 profit masks underlying challenges for AirAsia

Views - 18 Monday, 10 September 2018 00:04

Reuters - AirAsia Group reported a surge in second-quarter net profit on the back of a tax benefit, but operating profit fell sharply as fuel and maintenance costs increased. The Malaysian budget carrier said that net profit for April-June rose by 14

India plans relief package for airlines as forecast losses mount

Views - 11 Monday, 10 September 2018 00:02

NEW DELHI (Reuters) - India said recently it was working on a relief package for its airline industry, which is forecast to lose up to $1.9 billion this financial year due to rising costs and low fares.

Bangladesh world’s 49th top merchandise importing country

Views - 27 Monday, 3 September 2018 00:00

Bangladesh has been ranked as the 49th top merchandise importing country in the past year, according to the World Trade Organization – Trade Profiles 2018.

Agreement on world’s biggest trade deal set for November

Views - 35 Monday, 3 September 2018 00:00

SINGAPORE (Reuters): Singapore’s trade minister said on Saturday that broad agreement on the world’s biggest trade deal should be reached at a summit of leaders from participating nations in the city-state in November, six years since talks began

ZIM upgrades India-Med Express Line

Views - 23 Monday, 3 September 2018 00:00

Starting September, ZIM India-Med Express Line (IMX) will have a new rotation, with significantly faster transit time, making the fastest on the trade.

CMA CGM reshuffles EPIC 1 service between North Europe and Indian Subcontinent

Views - 19 Monday, 3 September 2018 00:00

In a continued effort to provide our customers with reliable and efficient service, CMA CGM will reshuffle its EPIC 1 service connecting North Europe with the Indian Subcontinent.

PIL ceremonially names Southern Pearl

Views - 38 Monday, 3 September 2018 00:00

PIL has announced that a naming ceremony of Southern Pearl had taken place at Kouan Shipyard in China on 14 August.

China-Europe freight train completes 10,000th trip

Views - 37 Monday, 3 September 2018 00:00

China-Europe freight train completes 10,000th trip People next to a China-Europe freight train that completed its 10,000th trip as it returned from Hamburg, Germany, to Wuhan, Hubei Province, China, 26 August 2018

COSCO Shipping 1H profit falls 98%

Views - 27 Monday, 3 September 2018 00:00

SHANGHAI (Reuters): China’s COSCO Shipping Holdings Co. Ltd. on Thursday said first-half profits fell 97.8% as it grappled with higher costs and a slide in freight rates.

Shippers benefit through falling freight rates

Views - 136 Monday, 3 September 2018 00:00

Container freight rates have fallen by over half in the past 20 years after inflation is taken into account, according to a new analysis by Alphaliner.

Upali Gunawardena receives fellow membership of CILT

Views - 48 Monday, 3 September 2018 00:00

Chartered Institute of Logistics and Transport (CILT) Sri Lanka recently awarded fellow membership (FCILT) status to experienced transport professional Upali Gunawardena.

CDC Events together with Gensoft launches ‘Asia Logistics Forum 2018’

Views - 65 Monday, 27 August 2018 00:00

CDC Events & Travels together with Gensoft Ltd. will be organising the ‘Asia Logistics Forum 2018’ which will take place on 4 and 5 September at the Cinnamon Grand, Colombo.

Maersk sends first container ship through Arctic route

Views - 48 Monday, 27 August 2018 00:00

COPENHAGEN (Reuters): A Maersk vessel loaded with Russian fish and South Korean electronics will next week become the first container ship to navigate an Arctic sea route that Russia hopes will become a new shipping highway.

DHL Express Sri Lanka helps local exporters harness power of e-commerce growth

Views - 55 Monday, 27 August 2018 00:00

Inaugural e-commerce workshop held in collaboration with the Export Development Board of Sri Lanka for over 90 SMEs

Japanese Ambassador opens Governor’s Jetty in Trincomalee

Views - 41 Monday, 27 August 2018 00:00

The Governor’s Jetty in Trincomalee was opened recently by the Japanese Ambassador to Sri Lanka Kenichi Suganuma on the invitation of the Eastern Province Governor Rohitha Bogollagama. Akiko Suganuma and Deepthi Bogollagama also participated.

Japanese Defence Minister makes historic visit to Colombo Port

Views - 40 Monday, 27 August 2018 00:00

The Minister of Defence of the Government of Japan Itsunori Onodera recently paid a historic visit to the Port of Colombo.

CASA warns of losses to Port of Colombo on delays to operationalise East Container Terminal

Views - 188 Monday, 27 August 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.

WISTA Sri Lanka wins Gold at Top 50 Professional & Career Women Awards 2018

Views - 92 Monday, 20 August 2018 00:00

The Women’s International Shipping and Trading Association (WISTA) was this year’s Gold recipient of the Best Woman Empowerment Project Run by a NGO, INGO and International Organization at the Top 50 Professional & Career Women Awards – Eighth

IBM, Maersk launch blockchain-based shipping platform with 94 early adopters

Views - 45 Monday, 20 August 2018 00:00

Computerworld: After launching a proof of concept earlier this year, IBM and Maersk have unveiled TradeLens, the production version of an electronic ledger for tracking global shipments; the companies say they have 94 participants piloting the system

APS, official fashion logistics partner of Swim Week Luxury Resort wear

Views - 88 Monday, 20 August 2018 00:00

APS Logistics, in partnership with Apex Logistics, joined hands with the fashion week that is one of two in Asia dedicated to luxury swimwear and resort wear – The Swim Week Colombo,

‘Sri Lanka lacks statutory body to give leadership to logistics sector’: Dr. Lalith Edirisinghe

Views - 58 Monday, 20 August 2018 00:00

The Chartered Institute of Logistics and Transport Sri Lanka, popularly known as CILT Sri Lanka, recently staged Sri Lanka’s much-awaited, first ever National Logistics and Transport Awards Ceremony.

Opening up new avenues for aviation training with Hanseo University

Views - 65 Monday, 13 August 2018 01:22

Nawaloka Air Services, a fully-owned subsidiary of the Nawaloka Holdings recently launched aviation related courses affiliated with one of the most prestigious universities in South Korea. Hanseo University is a private university which was establish

Sri Lanka Interline Club soars again

Views - 67 Monday, 13 August 2018 01:20

The Sri Lanka Interline Club (SLIC) has been revived through the efforts and enthusiasm of a select group.SLIC was first formed and convened in 1984 with the affiliation of the World Airlines Clubs Association (WACA), which loyally served its members

Airline worker steals empty plane in Seattle, sparking security scare

Views - 22 Monday, 13 August 2018 01:19

Reuters: An airline worker stole an empty plane from Seattle airport on Friday and crashed it into a nearby sparsely populated island, sparking a security scare that saw US fighter jets scrambled.

Singapore tests eye scans at immigration checkpoints

Views - 21 Monday, 13 August 2018 01:18

Singapore (Reuters): Singapore has started scanning travellers’ eyes at some of its border checkpoints, its immigration authority said last week, in a trial of expensive technology that could one day replace fingerprint verification.

McLarens Containers implements FiNAC Container Depot Management Solution

Views - 148 Monday, 13 August 2018 01:14

In order to stay positioned for continuous growth, McLarens Containers Ltd., an ISO 9001:2015 Quality Management System certified company, implemented FiNAC’ s Container Management System solution from Datamation Systems Ltd., specially designed fo

OVIKLO expands its storage capacity

Views - 195 Monday, 13 August 2018 01:13

OVIKLO International Ltd., expanding its logistics network, has opened its latest 70,000 sq. ft. warehouse facility in the close proximity of the Biyagama Zone recently. Being one of the largest one-stop-shop logistics and supply chain service provid

Ceyline helps bring the Wolf to town

Views - 50 Monday, 13 August 2018 01:11

The Big Bad Wolf Book Sale, which is taking South East Asia by storm, concluded their second successful sale in Sri Lanka last month. The book sale was held from 28 June to 8 July at the Sri Lanka Exhibition and Convention Centre (SLECC). More than o

Today's Columnists

The Brahmin footprint in Sri Lankan history

Saturday, 17 November 2018

It is generally said that there are no genuine “Sri Lankan” Brahmins in the island today, and that those Brahmins who officiate as priests in Hindu kovils (temples) are of Indian origin with close ties with Tamil Nadu.

Country paying for Sirisena’s childlike behaviour

Saturday, 17 November 2018

Many were surprised on 26 October to see former President Rajapaksa being appointed Prime Minister by the very man who defeated him a couple years ago, at a considerable risk to himself and to those who helped him win the election. Then events beca

The JR-MR effect

Saturday, 17 November 2018

Sri Lanka over the last few weeks has experienced a twin crisis. One is political provoked by its Constitution, and the other economic engendered by its politics. However, this crisis is the combined effect of two previous presidencies, those of J.R.

The fish that swallowed the whale

Friday, 16 November 2018

This is an easy-peasy, elementary effort of an ordinary citizen to comprehend the mad scramble for power among the political class. It is undertaken in the belief that the crisis we face is an opportunity to reject the family kleptocracy of Mahinda R

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