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A string of freighter cancellations from Asia to Europe has sparked suspicion amongst forwarders that they are being jettisoned in favour of the high-tech product launches, which began shipping last week. Apple is expected to launch its iPhone 5 on September 12, while Samsung launched the Galaxy Note 2 on August 29, with the release ...
It’s not often that shippers would have any interest in the hull design of container vessels, but when a new concept comes out, promising a huge boost to fuel economy that could save millions of dollars in transport costs, cargo owners might want to know more. At the SMM exhibition in Hamburg, held
How focused and efficacious are the current infrastructure investments in Sri Lanka, executed through a public investments programme (PIP)? Take for instance the Chinese funded Norochcholai coal fired power plant, built after obtaining a commercial loan from China, and its subsequent breakdowns resulting in power cuts that will stifle growth and earnings, on top of ...
A wildfire has spread in the Thangamale sanctuary of the Haputale area in the Badulla District while vehicles transporting fuel on the road near the sanctuary have temporarily halted its operations.
Police say 53 Sri Lankan asylum seekers are refusing to leave their ship after it ran out of fuel and was towed to a port in western Indonesia.
Sept 03, Colombo: The alleged substandard fuel samples that was the center of controversy in Sri Lanka last month is yet to be subjected to an official test.
The Marine Environmental Protection Authority said yesterday that it is hard to detect the exact spot, from which fuel is leaking out of the Cyprus-flagged vessel mv Thermopylae Sierra.
Aug 30, Colombo: The Sri Lankan government has decided to discuss importing oil from Iran following issues over the standard of fuel imports.
Aug 29, Colombo: The Petroleum Industries Ministry of Sri Lanka assures that there would not be a fuel shortage in the country as speculated by some elements.
SriLankan Airlines starting from today will maintain “Paperless Flight Deck’s” as the carrier has introduced iPad Electronic Flight Bags replacing bulky mandatory paper manuals which the pilots use to carry during flying. The airline says, with the introduction of iPads, its pilots will not need to carry 84 kilograms of paper manuals from aircraft to aircraft, ...
SriLankan Airlines is entering the new age of iPad electronic flying by switching from using bulky..
Last week’s weekly Treasury (T) Bill auction saw yields continuing with their upward ascent, with the weighted average yields (WAYs) for 182 and 364 day T Bills rising by seven and four basis points (bps) to 13.02% and 13.27% respectively. However the WAY for the 91 day T Bill stagnated at the 11.36% level, which ...
Aug 25, Colombo: The Coast Conservation Department of Sri Lanka has asserted that the oil slick caused by the fuel leaking from a sunken cargo ship off the western coast is manageable and would not have any effect on the marine life or fishermen.
Aug 25, Colombo: A trade union affiliated to Sri Lanka's petroleum sector says the committee appointed to probe the issue of importing substandard fuel is a failure.
The three-member committee appointed to look into the substandard diesel issue is attempting to protect the fuel importer and Ceylon Petroleum Corporation (CPC) officials who were involved in the corrupt deal, CPC trade unions alleged. andnbsp;
Aug 23, Colombo: A Cyprus ship that was anchored in the sea off Sri Lanka's west coast for some time pending the outcome of a court case has sunk completely creating a threat of severe sea pollution due to fuel in the ship's tanks.
Qantas has scrapped an $8.5B order for Boeing 787 Dreamliners for its troubled international arm after the group reported its first loss since it was privatized almost two decades ago. The Australian flag carrier posted a loss before tax of A$349m for the year to June, down from a profit of $323m a year earlier, ...
SINGAPORE (Reuters): Ceylon Petroleum Corp (Ceypetco) has awarded a tender to buy 40,000 tons of fue..
The coastal area between Colombo and Kalutara faces an imminent danger to its environs with the possibility of an arrested Greek vessel sinking with over 1,000 litres of chemicals and 275 tons of fuel on board.
MV ‘Aegean Highway’, a Ro-Ro vessel of K-Line the pioneer in maritime transportation of cars, made its maiden call at Hambantota port last week broadening the prospects for emission free operations through environmentally friendly vessels at the first green port in Sri Lanka K-Line has further strengthened its confidence in the Magam Ruhunupura Mahinda Rajapaksa ...
Aug 18, Colombo: Ceylon Petroleum Storage Terminals Limited, the distribution arm of the state owned Ceylon Petroleum Corporation (CPC) has been instructed to provide locally refined fuel to state enterprises that purchase large stocks of fuel from CPC.
Aug 17, Colombo: Sri Lanka's parliamentary Committee on Public Enterprises (COPE) has instructed the Auditor General to conduct an extensive investigation into the controversial deal of substandard diesel.
Sri Lanka is the only country in the world that does not update the instruments used for testing fuel standards, Ananda Palitha, Secretary of the Jathika Sevaka Sangamaya (JSS) branch of the Ceylon Petroleum Corporation (CPC) alleged.
Steps have been taken by the Price Control Unit of the Trade ministry to place seals on the diesel and kerosene pumps because the shed was involved in a scam when providing diesel and kerosene.
The Lanka Private Bus Ownersandrsquo; Association (LPBOA), seeking around Rs. 13 million compensation from the Ceylon Petroleum Corporation (CPC), is in the process of preparing an estimate of the damages caused to buses due to the use of substandard fuel.
The release of fuel required by the Kerawalapitiya Yugadanav Plant has been completed. The Petroleum Industries Ministry has denied that activities at the Power Plant had been paralyzed due to lack of fuel. Action was initiated by the Ceylon Petroleum Corporation to unload stocks of furnace oil
Aug 13, Colombo: The Petroleum Industries Ministry of Sri Lanka has decided to stop spot oil purchases following the controversy surrounding substandard fuel imports.
Sports Minister Mahindananda Aluthgamage told Parliament today that both he and the government are not happy or satisfied with the performance of the Sri Lanka Cricket as it has adopted a policy of entertaining clubs rather than improving the game. “No cricket board in the world spends money to make clubs happy but the SLC does. We hope to change this situation by the end of this year,&#...
Aug 08, Colombo: Petroleum Minister of Sri Lanka Susil Premajayantha has told the parliament that the current fuel quality standard tests conducted are old and there is a need to revamp the standards and quality control tests conducted on imported fuel.
Minister of Petroleum Industries Susil Premajayantha said today that the current standards and specifications employed to test the quality of imported fuel were not upto date and emphasized the need to revamp and revise them. Responding to questions raised by JVP MP Anura Kumara Dissanayake