FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by ErangaDS Yesterday at 10:24 am

» UNION ASSURANCE PLC (UAL.N0000)
by ErangaDS Yesterday at 10:22 am

» ‘Port City Colombo makes progress in attracting key investments’
by samaritan Thu Apr 25, 2024 9:26 am

» Mahaweli Reach Hotels (MRH.N)
by SL-INVESTOR Wed Apr 24, 2024 11:25 pm

» THE KANDY HOTELS COMPANY (1983) PLC (KHC.N0000)
by SL-INVESTOR Wed Apr 24, 2024 11:23 pm

» ACCESS ENGINEERING PLC (AEL) Will pass IPO Price of Rs 25 ?????
by ddrperera Wed Apr 24, 2024 9:09 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:40 am

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Beyondsenses Wed Apr 24, 2024 10:38 am

» LOLC FINANCE PLC (LOFC.N0000)
by Beyondsenses Wed Apr 24, 2024 10:20 am

» SRI LANKA TELECOM PLC (SLTL.N0000)
by sureshot Wed Apr 24, 2024 8:37 am

» COCR IN TROUBLE?
by D.G.Dayaratne Tue Apr 23, 2024 7:59 pm

» Sri Lanka confident of speedy debt resolution as positive economic reforms echoes at IMF/WB meetings
by samaritan Mon Apr 22, 2024 9:28 am

» TAFL is the most undervalued & highly potential counter in the Poultry Sector
by LAMDA Mon Apr 22, 2024 12:58 am

» Construction Sector Boom with Purchasing manager's indices
by rukshan1234 Thu Apr 18, 2024 11:24 pm

» Asha Securities and Asia Securities Target AEL (Access Enginnering PLC )
by Anushka Perz Wed Apr 17, 2024 10:30 pm

» Sri Lanka: China EXIM Bank Debt Moratorium to End in April 2024
by DeepFreakingValue Tue Apr 16, 2024 11:22 pm

» Uncertainty over impending elections could risk Lanka’s economic recovery: ADB
by God Father Tue Apr 16, 2024 2:47 pm

» Sri Lanka's Debt Restructuring Hits Roadblock with Bondholders
by God Father Tue Apr 16, 2024 2:42 pm

» BROWN'S INVESTMENTS SHOULD CONSIDER BUYING BITCOIN
by ADVENTUS Mon Apr 15, 2024 12:48 pm

» Bank run leading the way in 2024
by bkasun Sun Apr 14, 2024 3:21 pm

» ASPI: Undoing GR/Covid19!
by DeepFreakingValue Thu Apr 11, 2024 10:25 am

» Learn CSE Rules and Regulations with the help of AI Assistant
by ChatGPT Tue Apr 09, 2024 7:47 am

» Top AI tools in Sri Lanka
by ChatGPT Tue Apr 09, 2024 7:21 am

» HDFC- Best ever profit reported in 2023
by ApolloCSE Mon Apr 08, 2024 12:43 pm

» WAPO 200% UP
by LAMDA Sun Apr 07, 2024 10:41 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

H’tota ideal for break bulk cargo - CASA Chairman

Go down  Message [Page 1 of 1]

CSE.SAS

CSE.SAS
Global Moderator

* Hambantota approached for car assembly plants
By Ravi Ladduwahetty

The success story of the Ruhunu Magampura Port as a port for car carriers following the berthing congestion in the Colombo Port, has seen many multinational car carriers approaching the Sri Lanka Ports Authority for car assembly plants within the Tax Free Zone of the port.

There are a large number of motor vehicle manufacturers who are wanting to translocate their plants at Hambantota following the opening up of the port for car carriers, which was due to the berthing delays in Colombo, Sri Lanka Ports Authority Managing Director Captain Nihal Keppetipola told The Island Financial Review yesterday.

Operations of handling car carriers at the Ruhunu Magampura Port at Hambantota began yesterday, heralding a new era in Sri Lanka’s shipping industry.

A Japanese carrier Sricia arrived at the port with 15 Japanese vehicles and a further 998 cars arrived via the Glovis Asia Sun which also docked at the port yesterday.

The 15 cars were for the local market while the 998 cars- all Hyundai were to be transshipped to Algeria via the on carrier which was scheduled to sail to Hambantota on June 17. The local agents in Sri Lanka for Hyundai is Aitken Spence Shipping Ltd.

He also said that there were attractions of the port for the existing car assemblers and manufacturers not only in terms of the tax concessions but freight advantages due to the geographical proximities as well.

Capt. Keppetipola also said that the importers of vehicles, motor cars and lorries, do not need to panic as there would be a payment gateway established in Colombo and the deliveries of the vehicles could be in either or any other part of the country.

He also advocated the establishment of many other cities for the deployed vehicles to be taken delivery of without merely restricting them to be delivered in Colombo.

Meanwhile, Chairman of the Ceylon Association for Ships’ Agents Nimal Ranchigoda told The Island Financial Review that the association was elated at the Hambantota success story as it was CASA which proposed to the Sri Lanka Ports Authority to mull the establishment of that port for car carriers due to the berthing delays in Colombo.

"This is indeed a good start and the prospects could be developed in the future which are limitless. The ideal situation was for Colombo to remain as a container port, while Hambantota could be developed for break bulk cargo," the CASA Chairman said.

Aitken Spence Shipping General Manager (Operations) Hasthika Dela, whose company are the agents for Hyundai Glovis, the Korean company which brought the cargo to Colombo said that they were discharging the cargo last night itself and that by 6 pm, they had discharged around 400 cars.

The vessel which sailed to Hambantota with the 998 cars was the Asian Sun while the vessel which will be sailing to Hambantota to take the cars to Algeria will be the Asian Legend, he said

He also expressed confidence that Hambantota will have lots of scope for car carriers with western destinations in mind such as Europe and the Mediterranean in addition to East and West African ports. "We will be able to actively canvass business for Hambantota which will also have excess space than Colombo," he said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=53738

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum