Boosting Sri Lanka’s international investment profile, the world’s largest shipper Maersk Line is moving for Sri Lanka entry. The Danish multinational Maersk Line has been the world’s largest container shipping company since 1996. It operates 604 container vessels across the world and calls on 343 ports in 121 countries. New Delhi based Danish Ambassador for Sri Lanka Peter Taksøe-Jensen revealed the Maersk Line's breakthrough entry plans for Sri Lanka when he paid a courtesy call on Sri Lankan Minister of Industry and Commerce Rishad Bathiudeen. He was joined by the Leading Lankan Businessman and Danish Honorary Consul General in Colombo Harold (Harry) Jayawardena and a visiting New Delhi based Danish embassy official. “The political developments in Sri Lanka are very interesting to follow. Still we also need to focus on bilateral economic objectives” said Danish Ambassador Taksøe-Jensen. Taksøe added: “Some of the largest Danish multinational firms are interested in investing in Sri Lanka. The world’s largest container shipper Maersk Line is a Danish firm. I am pleased to say that it is planning to enter Sri Lanka and looking to invest in a new container facility and join the Colombo port expansion-and set up a warehouse facility as well."
Noting that security of India and Sri Lanka was "indivisible", Indian Prime Minister Narendra Modi strongly pitched for enhanced cooperation in key areas of maritime security and counter-terrorism. India’s PM addressing the Sri Lanka Parliament said India and Sri Lanka are two countries at the crossroads of the Indian Ocean and Sri Lanka's leadership and partnership will be vital for building a peaceful, secure, stable and prosperous maritime neighborhood.
Sri Lanka Navy thwarted Liberation Tigers of Tamil Eelam militant attacks and saved the lives of 854 unarmed soldiers, who traveled from Kankesanthurai to Trincomalee in a passenger vessel on August 1. According to report Sri Lanka Naval sea unit confronted a cluster of LTTE suicide boats at the harbor entrance of Trincomalee. Naval sources confirmed that the passenger vessel has been navigated to a distance safely into the international waters and no casualties were caused during the
ShipConstructor Software Inc. (SSI) is expanding its presence in Korea, India, Bangladesh, Sri Lanka and Pakistan with the appointment of new dealers Nova Solution Corporation and Harsha Marine Designers. The former be SSI’s dealer in the Korean market, and the latter will represent India, Bangladesh, Sri Lanka and Pakistan.
The European Commission proposed a ban on imports of fish from Sri Lanka for not tackling illegal fishing properly and lifted a ban on fish imports from Belize following the reform of its vessel inspection practices. The Commission on Tuesday also lifted warnings on Fiji, Panama, Togo and Vanuatu, saying they had implemented concrete measures to combat illegal fishing. The four countries thus avoided being placed on the "red list" of nations that are not allowed to sell fish to
Sri Lanka and India exchanged the fishermen who were detained in each other's jails for trespassing into their territorial waters. A total of 15 Indian fishermen, who were in the custody of Sri Lankan authorities, reached Karaikal, while Indian Coast Guard handed over 10 Lankan fishermen and two of their boats to the Island's Coast Guard. According to an official release, Coast Guard ship ICGS Rajdhwaj received the Indian fishermen from Lankan authorities near the Indo
Sri Lanka Declared War Risk Zone, Shipowners to Pay Sri Lanka said Lloyds of London has declared the country as a war-risk zone which could result in hefty surcharges for ships entering the country's main port and hurt the trade-dependent economy. Surcharges of up to $150,000 could be slapped on larger ships entering Colombo port along with further charges for the amount of cargo carried. "Reinsurers in London have imposed a surcharge on insurance which we feel is completely unreasonable
According to a report from the Daily News out of Sri Lanka, the Colombo Dockyard undertook to handle two LPG carriers which will generate around $1.6m to the country, Colombo Dockyard Managing Director Mangala Yapa told Daily News Business. The Shipping Corporation of India, owned LPG carriers Nanga Parbat (17,601DWT) and Anapurna (17,601DWT) sister ships called in for lay up and dry docking repairs during February and March 2011 respectively. (Source: Daily News)
Indian Prime Minister Narendra Modi assigned senior officials in the Ministry of Defence with a task to “identify” and “support” maritime needs of smaller nations in the IOR is being undertaken so as to counter the Chinese presence in the region, says government sources. This forms a strategy in which the government is looking at supporting the maritime infrastructure of friendly foreign countries
DNV GL has added to its registry as of March 2016 a new vessel built for Ceylon Shipping Corporation (CSC), a fully Sri Lanka Government-owned commercial enterprise and company with a 45-year-long tradition in shipping. Bulk carrier “Ceylon Breeze” built at the AVIC Weihai Shipyard Co, Ltd China will be flying the Sri Lanka Flag, with home port Colombo and is the first of two sister vessels having a registered length of 199 metres and displacement of 63,323 DWT
To enhance bilateral maritime relations, Indian Chief of Naval Staff Admiral Sunil Lanba, has embarked on a five-day visit to Sri Lanka. According to an official statement: "The visit is intended to consolidate and enhance the bilateral maritime relations between India and Sri
Sri Lanka will take part in a joint venture with China Merchants Port Holdings Company Limited to develop a port in its south, where China has also been offered an investment zone. The cabinet approved a plan under which Sri Lanka will lease 80 percent of the Hambantota port to Hong
Maersk Line today launched a mobile app to manage and track cargo on the move. This app will allow users access to comprehensive information on shipments, track cargo in real time, check schedules, changes in destination and documentation.
Laugfs Maritime Services, the shipping division of Sri Lanka’s Laugfs Gas, has purchased its third Liquefied Petroleum Gas (LPG) carrier vessel for USD 2.875 million, reports Lanka Business Online quoting company sources.
The Mawingu Express, Maersk Line's direct service from India to Kenya, offers the fastest transit times in the market and better port coverage to bring business closer to East Africa. "Through our global connections coupled with superior customer care and market expertise
India has inked a deal with the US defence and aerospace giant Boeing to procure four more Poseidon-8I (P-8I) long-range surveillance and anti-submarine warfare aircraft ( submarine hunter planes) worth $1 billion. According to industry sources
Maersk Line will transform its TP12 service in to a standalone, around-the-world service that provides significantly faster transit times between Far East Asia and the US East Coast. From the Far East to the US East Coast the TP12 service will transit the new Panama Canal locks and
A meeting to update South Asia’s regional plan for oil and chemical pollution preparedness and response is underway in Male, Maldives (22-25 August), informs International Maritime Organization (IMO). Senior officials from Bangladesh, India, Maldives
The problems that collapsed South Korea’s Hanjin Shipping could be just the tip of the iceberg. Its fleet is either stuck in ports or unable to dock, with port authorities fretting that the company will not be able to pay its bills.
The LNG tanker Armada LNG Mediterrana – or floating storage unit that will be permanently berthed at Marsaxlokk has finally left Singapore harbour, reports Malta Independent. The ship is currently making 9 knots and is heading towards the port of Galle in Sri Lanka
International participants at a high-level conference on the world's oceans pledged more than $5.3 billion for conservation and designated vast areas as protected waters, U.S. Secretary of State John Kerry said on Friday. More than 90 countries took part in the two-day conference
M. V. Mogens Maersk, one of the world’s largest ships will arrived in Colombo yesterday. To mark the occasion, an on-boarding ceremony is being organized at the CICT Terminal at the Colombo port. Senior officials from the Maersk Group and regional office Maersk line in Sri Lanka along
Container Corporation of India (Concor) has formed a consortium with APM Terminals B.V., John Keells Holdings and Maersk Line in order to bid for the development of East Container Terminal in Colombo, reports Hindu Business Line.
BRICS bloc export-import (exim) containerised trade with the world registered a growth of 5.8 per cent in the first half of 2016 as against de-growth of 2.2 per cent in the same period last year was "led by India", reports Times of India quoting Maersk Line sources.
The Government proposes to develop new sea routes and shipping services connecting with various countries. These services are reviewed and restructured as per the viability study, giving due regard to the availability of cargo for a given port-pair at desired freight levels