Search results for: sri-lanka

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  • 27 December 2011
    Business & Finance

    Cairn has successfully completed the first phase of the exploration campaign in Sri Lanka Block SL-2007- 01-001. The exploration programme involved the acquisition, processing and interpretation of 1,753 sq km of 3D seismic data and a three well deep water drilling programme. The seismic programme exceeded the phase I commitment by 20% and the  drilling […]

  • 14 November 2014
    Business & Finance

    Sri Lanka Ports Authority wins The Deal of the Year Award at the inaugural Maritime Standard Awards, Middle East and Indian Subcontinent Awards 2014, held recently at the Atlantis The Palm in Dubai.  The Sri Lanka Ports Authority became the deserved winner of the  Deal of the Year Award, in recognition of its success in […]

  • 7 September 2017
    Ports & Logistics

    Sri Lanka has decided to go ahead with the setting up of a liquefied natural gas (LNG) terminal near Colombo with Indian and Japanese companies. It was reported earlier this year that India and Japan have joined forces to set up a $250 million LNG import terminal in Sri Lanka that would help meet the country’s growing […]

  • 9 October 2012

    The United Arab Emirates, which is the largest foreign direct investor in Sri Lanka among Gulf Cooperation Council countries and the world’s fourth largest oil exporter, is planning to undertake large scale investments in Sri Lanka.  The newly-appointed Ambassador for the United Arab Emirates to Sri Lanka Abdul Hamid Abdul Fattah K. Al Mulla has […]

  • 27 December 2011
    Business & Finance, Operations & Maintenance

    Cairn Lanka Limited, a wholly owned subsidiary of Cairn India Limited, has successfully completed the first phase of the exploration campaign in Sri Lanka Block SL-2007- 01-001. The exploration programme involved the acquisition, processing and interpretation of 1,753 sq km of 3D seismic data and a three well deep water drilling programme. The seismic programme […]

  • 21 June 2018
    Business & Finance

    CM Port invests final tranche of USD 584.2 million in Sri Lanka’s Hambantota Port.

  • 27 December 2012

    GAC Sri Lanka has scooped two top prizes in the National Business Excellence Awards. It won Gold Awards in the ‘Shipping & Shipping-related Services Sector’ and ‘Medium Category Companies – Sri Lanka’ categories of the annual award competition which recognises enterprises that have demonstrated business excellence whilst contributing to the economic progress of the country. […]

  • 29 May 2019
    Business & Finance

    Sri Lanka, Japan, and India to cooperate on the development of East Container Terminal in Sri Lanka.

  • 4 July 2012

    Hadi Hamad Al-Hammam group, a Saudi Arabia based firm, will invest 44 million US dollars in Seagulf Shipyard (Pvt) Ltd, a boat repair centre in Sri Lanka’s Galle port, the state investment promotion agency said. Sri Lanka’s Board of Investment said it was the first Saudi investment in Sri Lanka. “I am confident that this […]

  • 10 March 2005

    Three Indian naval ships have arrived in Colombo to provide sea training for Sri Lanka naval (SLN)cadets exposing them to various naval operations at sea, under India-Sri Lanka “Training Exchange Programme,” said a press release from Indian Embassy in Sri Lanka issued Thursday. The commanding officers of the ships are also scheduled to have formal […]

  • 29 October 2012
    Vessels

    NYK LNG carrier Lusail was integral in the rescue of two Sri Lankan fishermen in distress off the coast of Colombo, Sri Lanka. Lusail was sailing from Ras Laffan, Qatar, to Yungan, Taiwan, when a crewman on deck discovered two fishermen in distress at the sea. The captain immediately directed the crew to initiate a […]

  • 18 March 2013

    The Government of Japan provided grant assistance amounting to Japanese Yen 2,678 million (approximately Rs. 3.7 billion) towards the following four projects for meeting the urgent needs in sectors such as; fisheries, roads and health. This assistance was conveyed by Prime Minister Shinzo Abe at the Summit Meeting with President Mahinda Rajapaksa, during his visit […]

  • 11 July 2012
    Business & Finance

    Sri Lanka Ports, Trade & Logistics two day Conference and Exhibition, launched under the initiative of Hon.Minister of Transport – Kumara Welgama commenced on the 10th July 2012 in Colombo. The conference supported by Sri Lanka Ports Authority (SLPA), is another important annual fixture in the international maritime events diary. Concentrating on the salient issues […]

  • 18 May 2016

    Sri Lanka decided to ditch the plans to build a 500-megawatt coal-fired power plant and turn to an LNG-fired option, according to the country’s petroleum minister Chandima Weerakkody.

  • 11 July 2012

    Sri Lanka Ports, Trade & Logistics two day Conference and Exhibition that commences on the 10th July 2012 with the initiative of Hon. Minister of Transport – Kumara Welgama at the Hilton Hotel in Colombo. The conference supported by Sri Lanka Ports Authority (SLPA), is another important annual fixture in the international maritime events diary. […]

  • 12 July 2012

    Sri Lanka’s is seeking a new raft of investment for the Port of Hambantota, according to portworld.com. Sri Lanka Ports Authority chairman Priyath Bandu Wickrema said at ports conference in Colombo on Tuesday: “Our intention from the second request for investment proposals is to attract $1 billion.” The Hambantota Port, on the south coast of […]

  • 11 March 2015
    Business & Finance

    China is investing diplomatic efforts to put plans for construction of a USD 1.5 billion port city project in Sri Lanka back on track. Sri Lanka’s new government suspended the plan to construct a commercial and residential center near the Colombo Port on March 5th amid raised concerns over the project’s environmental impact and regulatory issues. In addition, the […]

  • 20 June 2011
    Business & Finance

    Alexey Miller, Chairman of the Gazprom Management Committee and Mahinda Rajapaksa, President of Sri Lanka held a working meeting  as part of the St. Petersburg International Economic Forum 2011. The meeting participants considered the prospects for bilateral cooperation in the energy sector, particularly, the potential for participation of Gazprom in hydrocarbons exploring and producing offshore […]

  • 12 July 2012

    Positioned as the new Asian gateway and one of the fastest growing economies in the world, Sri Lankas maritime and logistics initiatives will be given another boost from the inauguration of Sri Lanka Ports, Trade and Logistics two day Conference and Exhibition which ended at the Hilton Hotel Colombo, recently. The conference supported by Sri […]

  • 21 December 2011

    The opening ceremony of Colombo Port Southern Container Terminal Project undertaken by CHEC was held on December 16,2011. The ceremony was attended by Mahinda Rajapaksa as the President of Sri Lanka, Yang Xiuping as Chinese Ambassador to Sri Lanka, Chen Yusheng as Vice President of CCCC, Sun Ziyu as Chief Engineer of CCCC and President […]

  • 13 July 2012

    Positioned as the new Asian gateway and one of the fastest growing economies in the world, Sri Lankas maritime and logistics initiatives will be given another boost from the inauguration of Sri Lanka Ports, Trade and Logistics two day Conference and Exhibition which ended at the Hilton Hotel Colombo, recently. The conference supported by Sri […]

  • 12 January 2018
    Business & Finance

    Export-Import Bank of India (Exim Bank) has extended a Line of Credit (LOC) of $45.27 million to the Government of Sri Lanka for financing rehabilitation of Kankesanthurai (KKS) Harbor. The agreement was signed in New Delhi on Wednesday, January 10, by Mr. David Rasquinha, Managing Director, on behalf of Exim Bank and Dr. R. H. S. Samaratunga, […]