The Sri Lankan Government denied reports that the Indian Government is exerting pressure on it to stall the USD 1.4 billion Colombo Port City Project.
Tag: Colombo
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NeighboursĂ´ envy, IndiaĂ´s pride?
Vallarpadam in Cochin run by DubaiĂ´s DP World Ltd is slated to have a companion in Vizhinjam near Thiruvananthapuram as the new transshipment facility.
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Transport: Convergence & Connectivity
Lack of funds and investor confidence are two factors that are hurting the infrastructure sector. Efforts are needed to bring back the faith and money in the sector. FICCIĂ´s India Infrastructure Summit 2014 focused on the theme Ă´Transport sector: Convergence & Connectivity
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Chinese firm to operate terminal in Sri Lanka
China Merchants Holdings International Co would operate the new container terminal opened in Colombo recently. The terminal gives a new sea route for mega vessels from China. The terminal which is regarded to be as sophisticated as the container terminal at the Singapore port
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Lankan port transshipment comprises 62% of Indian cargo
Sri Lanka Ports Authority (SLPA) has stated that cargo to and from India accounts for 62 per cent of Colombo portĂâs transshipment business. SLPA's Chairman Priyath Bandu Wickrama said that at present, Colombo is handling 16 per cent of IndiaĂâs transshipment of 10 million TEU, but it hopes to increase it to 23 per cent, given the portĂâs expansion plans. The new port coming up on the southern side of the existing harbour will increase ColomboĂâs capacity by 40 per cent.
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Panel to make key suggestions to shipping ministry
The Parliamentary standing committee on transport, tourism and culture will suggest the union shipping ministry to extend the proposed National Waterways No 3 beyond Kottapuram to the historic site of Muziris to benefit tourists. This is part of a slew of recommendations that the committee plans to make to the ministry. The com
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Union wants SCI to use Vallarpadam for transshipment
Shipping Corporation of India (SCI) was asked to use the Vallarpadam port for transshipment of cargo instead of its current practice of using Colombo port. The Joint Forum of Trade Unions in Kochi Port submitted a memorandum to the Parliamentary Standing Committee on Transport, which visited the city recently
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Sri Lankan govt takes steps to upgrade port infra
Sri Lankan government is taking efforts to upgrade its port infrastructure and as part of this it is investing $2.5 million on harbour in the south of the country and is executing an expansion project for the Colombo port. The government, which aims to promote the country as a "port hub" borrowed considerably to achieve this goal, and it is also wooing international investors to participate in the
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BTL’s new service caters to agro-industry in TN
The fortnightly service launched by Bengal Tiger Line (BTL) caters to the agro-industrial heartland of central Tamil Nadu, Karaikal and Puducherry in India. BTL recently launched a container feeder service between Marg Karaikal Port in India and Colombo, Sri Lanka. It is a fortnightly call, every other Friday, and will later bec
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BTL launches new feeder service
Bengal Tiger Line (BTL) would initially launch a fortnightly feeder service between Marg Karaikal Port and Colombo. The service would be upgraded to weekly as volumes stabilizes, an official release from Karaikal Port said. In its first call, the vessel Tiger Bridge carried 1,900 Twenty Foot Equivalent Unit (TEU) cargo to Karaikal Port, whi
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