Sri Lanka Ports Authority News

23 Jan 2019

Kavan Ratnayaka Appointed as Chairman of Sri Lanka Ports Authority

Pic: Sri Lanka Ports Authority

Kavan Ratnayaka has been appointed the new Chairman of Sri Lanka Ports Authority (SLPA). Ratnayaka assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA) last week.Before his appointment as the Chairman of SLPA, Kavan Ratnayaka served the Chairman of the Sri Lanka Tourism Development Authority (SLTDA). He is also a former Chairman of Associated Newspapers of Ceylon (Lake House).An old boy of Royal College, Kavan Ratnayaka holds a Bachelor of Science degree in (Physics) of the University of California.

28 Nov 2018

Mein Schiff 3 Made Maiden Call at Sri Lankan Port

On behalf of Sri Lanka Ports Authority (SLPA), the Chairman of Sri Lanka Ports Authority (SLPA) Dr.Parakrama Dissanayake exchanges plaques with the Maseter of Mein Schiff 3 - Capt. Alevropoulos George. The Manging Director of Shipping Agency Services (pvt) Ltd - Mr.Gihan Nanayakkara is also in the picture. Pic: Port of Colombo

The super luxury passenger vessel MV Mein Schif 3 of TUI Cruises with 2,430 passengers and 995 crew on board made her maiden call at the Port of Colombo on 26th November 2018. The vessel was welcomed at the East Container Terminal (ECT) of Sri Lank Ports Authority (SLPA).Chairman of Sri Lanka Ports Authority (SLPA) – Dr.Parakrama Dissanayake said that the Port of Colombo was honored by the presence of Mein Shiff 3 in Colombo. “The Port of Colombo has become an extremely busy port and this year the port also became the fastest growing port in the world in terms of handling containers.

24 Jun 2018

China Merchant Port Holdings Pays USD 584 mln to Hambantota Port

Symbolizing the payment of US $ 584,194,800 to Sri Lanka Ports Authority as the final tranche of the Public-Private Partnership (PPP) investment for Hambantota Port. Photo: Sri Lanka Ports Authority

China Merchants Port Holdings (CM Port) has invested the final tranche of USD 584.2 million in Sri Lanka’s Hambantota Port after acquiring an 85 percent stake in the port last year. The cheque to the effect was handed over to the Chairman of Sri Lanka Ports Authority (SLPA) – Dr.Parakrama Dissanayake by the Chief Representative of China Merchant Group in Sri Lanka - Mr.Ray Ren in the presence of senior port officials and representatives of CM Port. This makes the single highest ever Foreign Direct Investment (FDI) received by Sri Lanka to date.

20 Jun 2018

Chinese Firm Pays $584 Mln in Sri Lanka Port Debt-to-equity Deal

China Merchants Port Holdings has made a $584 million payment as part of a $1.12 billion deal to operate Sri Lanka's deep sea Hambantota port, a state-run agency said on Wednesday.Under the deal, signed in July 2017, China Merchants Port (CM Port) will run the $1.5 billion Chinese-built port on a 99-year lease. The $1.12 billion total price is to be used to reduce the Sri Lankan government's debt to China."With this payment, CM Port fulfils the $976 million investment ... CM Port has agreed to deposit a further sum of $146 million being investment to be utilized for port and marine-related activities," the Sri Lanka Ports Authority (SLPA) said in a statement.The port is near the main shipping route from Asia to Europe and likely to play a major role in China's "Belt and Road" initiative.

05 Apr 2018

Sri Lanka Okays KKS Harbour and Colombo Port Project

Image: Sri Lanka Ports Authority

The Government of Sri Lanka approved loans to develop both the Kankesanthurai (KKS) Harbour and the northern section of the Colombo Port. For the reconstruction of the KKS harbour, a credit line agreement between the Export-Import Bank of India and the Sri Lankan Government was signed. Accordingly, a $ 45.17 million credit line from India will be used to finance the restoration of the KKS Harbour, which is to be transformed into a self-sustainable, commercial harbour. This project…

11 Jan 2018

Japanese FM Visits Colombo Port

SLPA Chairman Dr. Parakrama Dissanayake presenting a token of goodwill to Minister of Foreign Affairs of Japan Taro Kono while also seen are Ambassador of Japan Kenichi Suganuma and SLPA Vice Chairman P.G. Dasanayake. Photo: Sri Lanka Ports Authority

Japanese Foreign Minister Taro Kono has visited the port of Colombo in Sri Lanka. Kono was briefed by Sri Lankan government officials about a project under consideration to expand the port. The Japanese Foreign Minister  also visited the newly built control tower and the Colombo Port Expansion Project currently known as the Colombo south Port. Colombo is the largest port in Sri Lanka, which is a strategically important point in Indian Ocean sea lanes. Taro Kono was briefed by the Chairman of Sri Lanka Ports Authority (SLPA) Dr.

30 Jul 2017

Sri Lanka in China Port Deal

Image: China Merchants Port Holdings Co.Ltd.

Sri Lanka’s government on Saturday signed a long-delayed agreement to sell a 70% stake in a USD 1.5-billion port to China in a bid to recover from the heavy burden of repaying a Chinese loan obtained to build the facility, report local media. After 10 years of negotiations, China Merchants Port Holdings has signed the agreement with the Sri Lanka Ports Authority to develop the Hambantota Port in southern Sri Lanka. According to the agreement, which is described as "a win-win situation for both countries".

11 Oct 2016

Concor Consortium to Bid for Colombo Container Terminal

Photo:  Colombo International Container Terminals Ltd

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. The total project value is likely to be about $550-600 million. The Colombo Port currently has four container terminals. In 2008, a new harbour basin, the Colombo South Harbour was developed to accommodate deep draft vessels and the Sri Lanka Ports Authority (SLPA) decided to develop four new terminals…

25 Jan 2016

Colombo Port Boosts Volumes

Photo: Colombo International Container Terminals Ltd.

The Chinese-built Colombo International Container Terminals (CICT), which opened for business in 2014, has made significant gains in container handling last year surpassing 1.5 million TEUs, according to local media. The Terminal has set a record in 2015 with handling 1.561 million TEUs representing 1.57 percent increase over the year before and 67 percent of this volume is from ULCC (Ultra Large Container Carrier) and VLCC (Very large Container Carrier) segments. CICT is the…

06 Jan 2016

Colombo Port to be Among Top 20 Soon - Minister

Colombo Port - Photo Sri Lanka Ports Authority

Port and Shipping Minister Arjuna Ranathunga said he plans to bring the Colombo Port to be among the top 20 global container ports. He said every possible step has been taken to facilitate all employees and staff of the institution to perform their fullest duty towards Sri Lanka Ports Authority without disputes and as same as the previous year. Sri Lanka Ports Authority (SLPA) Chairman Dammika Ranathunga said the institution is by now acquiring a rapid progress. He said compared to the decrease in TEU operations in 2015…

25 Dec 2015

Colombo Port Hits Record 5 mln Containers

JCT Yard View Courtesy Port of Colombo

For the first time in history the Port of Colombo reaches 05 million container operations. To mark the ocassion, a ceremony will be held tomorrow, Monday 21st December 2015 at the Jaya Container Terminal  of Sri Lanka Ports Authority , with the initiative of Hon.Minister of Port and Shipping Arjuna Ranathunga. With the latest initiatives implemented at  Sri Lanka Ports Authority (SLPA), its operational volumes show a rapid growth compared to similar periods during past. A number…

21 Jul 2015

Sri Lanka to Establish Terminal for Cruise Ships

Colombo Port. Image by Sri Lanka Ports Authority

A fully-fledged cruise terminal is to be set up at Colombo port given the increasing number of calls by cruise vessels, according to Lakdas Panagoda, chairman of the Sri Lanka Ports Authority (SLPA). The SLPA plans to convert the Bandaranaike Quay (BQ) of Colombo port into a “fully-fledged international cruise terminal,” Panagoda said. This was one of the initiatives taken by the SLPA during the new administration in the past six months, he said. Cruise lines revived calls at Sri Lankan ports like Colombo after the end of the island’s 30-year ethnic war in 2009.

17 Sep 2014

Sri Lanka Port Project: China Merchants, CHEC Invest $601-M

Two of China's largest port operators and engineering firms have agreed to invest in a $601 million terminal in Sri Lanka's Hambantota port, part of a series of deals signed during a visit by President Xi Jinping to the island nation. Keen to establish its presence in the Indian Ocean, China has spent millions of dollars building ports and roads across the region in a strategy dubbed the String of Pearls. China Merchants Holdings said in a statement late on Tuesday that it and China Harbour Engineering Company (CHEC), a subsidiary of China Communications Construction Group , had entered a joint venture with the Sri Lanka Ports Authority to develop and operate a container terminal for the Hambantota Port Development.

04 Aug 2014

WISTA Launched in Sri Lanka

WISTA launched in Sri Lanka

Women’s International Shipping and Trading Association (better known as WISTA),  was  launched  in  Sri  Lanka  on  the  03rd  July  2014,  at the  Hilton  Residencies  Colombo  amidst  a  large  and  distinguished  gathering  including  the  Chairman  of  the  Sri  Lanka  Ports  Authority,  Chairmen  &  Chairpersons  of  leading  Public  and  Private  Sector  Organizations  and  Institutes. WISTA Sri Lanka will function under the Presidency of Ms. Shehara Jayawardana, and consists of a 20 member committee which…

22 Jul 2014

Sanjam Gupta helps Launch WISTA in Sri Lanka

Sanjam Gupta

Within two years of the launch in India in 2012, the Women’s International Shipping and Trading Association (better known as WISTA), Ms. Sanjam  Sahi  Gupta, its Founder President, has moved fast to spread WISTA to the Indian sub continent. Her first significant effort in this direction has been the launch of WISTA in the neighboring country, Sri Lanka on 3rd July, 2014. To commemorate the occasion WISTA hosted a gala program at the  Hilton  Residencies  Colombo  amidst a  large  and  distinguished  gathering  that included  the  Chairman  of  the  Sri  Lanka  Ports  Authority…

28 May 2014

Bunkering To Commence At Magampura Mahinda Rajapaksa Port

Sri Lanka Ports Authority (SLPA) Chairman Dr. Priyath Bandu Wickrama

Fuel bunkering under the Magampura Mahinda Rajapaksa Port will commence operations by June 15, Sri Lanka Ports Authority (SLPA) Chairman Priyath Bandu Wickrama said. "Bunkering operations will start by June 15 at the newly built fuel bunkering terminal at Magampura Mahinda Rajapaksa Port," Wickrama said. "The terminal, which will provide fuel for ships, has been constructed at a cost of US $95 million in line with the Magampura Port development project. According to the chairman…

12 Aug 2013

New China-built Sri Lanka Container Terminal to Rival Majors

Dignitories at CICT opening ceremony: Photo credit China Merchants

The newly-opened $500 million Chinese-built Colombo terminal is situated about mid-way on the important East/West shipping route and is claimed to have facilities on a par with Singapore and Dubai. The Colombo International Container Terminal (CICT), which is 85 per cent owned by the state-run China Merchant Holdings International, is designed to handle mega ships -- a first for Sri Lanka which is aiming to become the region's shipping hub. His Excellency, Mahinda Rajapakse, the President of the Democratic Socialist Republic of Sri Lanka and Mr.

07 Aug 2013

Sri Lanka’s Colombo Port Expanded

Photo: P. Kumara

The newly expanded Colombo Port formally opened for business yesterday, a move that will allow Sri Lanka to enter as a leading South Asia trans-shipment hub. Sri Lanka President Mahinda Rajapaksa opened the port, which was also attended by Xiaoyu Zhao, Vice-President at the Asian Development Bank (ADB). With a new breakwater, deeper basin, and the first of three modern new terminals now open, Colombo Port can accept the latest generation of 18,000 20-foot equivalent units (TEU) container ships and has facilities to send goods faster and more cost efficiently to other ports in the region.

09 Jul 2013

CICT Sri Lanka Container Terminal Opens

Blessing ceremony: Photo credit CICT

China Merchant Holdings International (CMHI) subsidiary Colombo International Container Terminals (CICT) put the new terminal into trial operation mode with the arrival of the first ship to dock there, the 'M/V Coromandel'. CMHI owns an 85% interest in CICT, there will be altogether 4 berths and a quay length of 1200 meters, with a designed handling capacity of 2.4 million TEU, the first phase project covers 400 meters quay length. To celebrate the occasion, a blessing ceremony was performed at CICT berth site. CMG Assistant President cum CMHI Managing Director Dr.

06 Apr 2011

APL To Train 20 Sri Lankan Seafarers Annually

COLOMBO, SRI LANKA, 5 APRIL, 2011: APL has agreed with Sri Lanka Port Authority’s Mahapola Training Institute to train 20 new seafarers from the Institute annually onboard its ships. The agreement was signed today by APL President Eng Aik Meng, the Sri Lanka Ports Authority and the Directorate General for Merchant Shipping. “This initiative demonstrates APL’s commitment to the Sri Lankan maritime community,” said APL President, Eng Aik Meng. The agreement also extends to collaboration between APL and the Institute in areas of maritime education…

22 Nov 2010

New Port Opening Promises Boost for Sri Lanka

Sri Lanka's new pounds Sterling 226 million deep sea port at Magampura harbor, Hambantota, on the south coast of the island has been officially opened with the ceremonial docking of the first vessel to use the port facilities. In a ceremony presided over by President Mahinda Rajapaksa as part of the week-long festivities surrounding his official inauguration for his second term in office, a traditional sailing yacht, Pradeepa 2, dropped anchor in Hambantota's Magampura harbor. She received a traditionally warm and colorful Sri Lankan welcome from the huge crowds gathered on the waterfront and quaysides. Pradeepa 2 was chosen in recognition of Sri Lanka's age old role as a key stopping point on the ancient east-west silk trading route.

08 Sep 2000

P&O Unit Reports Rise In Container Traffic

Peninsular and Oriental Steam Navigation Co.'s Sri Lanka unit reported a sharp increase in container handling in its first year of operation to August 2000. "In just 12 months, productivity levels have doubled and South Asia Gateway Terminal Pvt Ltd (SAGT) has handled 261,787 20-foot equivalent units.... a 40,682 teu increase over the year before period," SAGT said. "... SAGT is 52.5 percent owned by units of Britain's P&O and Sri Lankan conglomerate John Keells Holdings Ltd. SAGT last September took possession of the Colombo port's Queen Elizabeth Quay in a $240 million deal for a new breakwater. It also agreed to build a new passenger terminal. The group plans to raise annual handling capacity to 1.1 million containers in 2003.

03 Dec 1999

Sri Lanka Begins Building Berth At Eastern Port

The Sri Lanka Ports Authority has begun construction of a $16 million berth in the eastern Trincomalee Harbor to increase cargo handling, according to ports ministry officials. Work on the new berth, which will be able to handle both break-bulk and container traffic and would accommodate vessels up to 50,000 tons, is expected to be completed by July 2001. Trincomalee Harbor, approximately 150 miles northeast of the capital Colombo, currently has two privately run berths to handle flour and cement.

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