Business
CICT rewards its champions at South Asia’s first quay crane operators’ competition
Presents 39 awards and cash prizes worth Rs 2.45 million after competition covering speed, accuracy, efficiency, and safety
Six years after he began operating a Mega Gantry Quay Crane at the South Terminal of the Port of Colombo, Chathuranga Pushpakumara was adjudged the champion quay crane operator at Colombo International Container Terminals (CICT), winning the first competition of its kind in South Asia.
Pushpakumara, 29, from Attanagalla, Gampaha, was among 30 exceptionally-skilled quay crane operators recognised by CICT with 39 awards and cash prizes totalling Rs 2.45 million at the Company’s inaugural Quay Crane Championship Awards held recently.
The Championship Awards for Quay Crane operators was launched to commemorate the 150th anniversary of CICT’s parent company China Merchants Group (CMG) and is one of 150 competitions that will take place around the globe this year.
Speaking at the awards ceremony, CICT CEO Mr Jack Huang said: “Productivity and safety are the two core competitive advantages that CICT has over the other terminals in the region. Adherence to these aspects has made us one of the best terminals in Asia. On the other hand, our quay crane operators play a key role in the company’s productivity and safety aspects and therefore are pivotal to our success. We are delighted to be able to recognise and reward these skills in our employees through this latest championship awards which are aligned with CICT’s culture of appreciating best-performing employees.”
The CICT competition comprised of two rounds. While all 82 quay crane operators participated in the first round and were judged based on basic skills required to operate mega quay gantry cranes, 30 operators that qualified for the second round were judged based on advanced skills. Time, accuracy, efficiency, and safety while operating were the key criteria in both rounds.
Six quay crane operators who scored the highest in the second round of the competition were declared ‘QC Champion Stars’ and were felicitated with certificates, plaques, and cash prizes at the CICT Quay Crane Championship Awards ceremony. The QC Champion Stars included the grand prize Gold award winner of Rs 600,000, the two Silver award winners – Mr Akila Ushan and Mr Charith Sonal who were presented Rs 400,000 each, and the three Bronze award winners – Mr Asanka Lakruwan, Mr Dhanushka Ariyasena and Mr Dilan Jayanayaka who were presented Rs 200,000 each. The Champion Stars are all experienced quay crane operators, the Company said.
Additionally, three operators with less than three years of crane operating experience were presented ‘QC Shining Star’ awards. Mr Yojitha Bimal placed first in this category received a cash prize of Rs 200,000, while Mr Lahiru Jayawardana and Mr Chanaka Udayanga placed second and third were presented Rs 150,000 and Rs 100,000, respectively.
Meanwhile, the top 30 performers who qualified for the second round of the competition were also recognised with medals and certificates at the ceremony.
The awards ceremony was punctuated by colourful musical performances by a seven-person band from the talent pool of CICT. This is the first time that the Company showcased extra-curricular flair of its employees. The top performers were joined by their family members at the ceremony. All participants were treated to a special lunch following the awards presentation. The panel of judges for the first-ever quay crane operator competition consisted of senior mentors. The event is expected to be an annual feature in the CICT calendar, the Company said.
CICT manages the South Terminal of the Port of Colombo, the first and only operating deep-water terminal in South Asia, which is equipped with facilities to handle the largest vessels afloat. Since its inception in 2014, the terminal has incrementally grown the volume it has handled; from 686,639 teus in 2014, to just over 3.2 million teus in 2021.
CICT is the flagship overseas terminal of China Merchants Port Holdings Company Limited (CMPort). CMPort is the largest and a globally-competitive public port developer, investor and operator in China with investments in Mainland China, Hong Kong and overseas. CMPort has a port network portfolio spanning 50 ports in 26 countries and regions. Guided by the vision “To be a world class comprehensive port service provider” and supported by its domestic, overseas and innovation strategies, CMPort strives to strengthen its core competencies in global throughput, port service and management.
Business
Beira Lake restoration, ‘a crucial urban environmental intervention’
Sri Lanka’s decision to invest Rs. 2.5 billion in restoring the heavily polluted Beira Lake marks one of the most significant urban environmental interventions in recent years, underscoring a growing recognition that ecological rehabilitation is also an economic imperative.
The multi-pronged project—covering the closure of illegal sewage discharge points, large-scale dredging, and the installation of aeration systems—is expected to not only revive aquatic life but also unlock commercial, tourism and real estate value in the heart of Colombo.
Officials say the initiative is designed to transform Beira Lake from a long-neglected liability into a productive urban asset.
A senior official from the Ministry of Environment told The Island Financial Review that untreated wastewater and illegal sewer connections had been the primary contributors to the lake’s degradation for decades. “Closing these illegal sewage points is the most critical intervention. Without that, any dredging or aeration would only offer temporary relief, the official said, adding that enforcement will be carried out in coordination with the Colombo Municipal Council (CMC) and other regulatory agencies.
From a business perspective, the clean-up is being viewed as a catalyst for urban regeneration. Urban Development Authority (UDA) sources noted that a healthier Beira Lake would significantly enhance the attractiveness of surrounding commercial developments, hospitality projects and public spaces. “Environmental remediation directly impacts land values and investor confidence. A clean, living lake changes the entire economic profile of the area, an UDA official said.
The dredging component of the project is aimed at removing decades of accumulated sludge, which has reduced water depth and contributed to foul odours and fish die-offs. According to officials involved in project planning, the dredged material will be disposed of following environmental guidelines to avoid secondary pollution risks—an issue that has undermined similar efforts in the past.
Meanwhile, the installation of modern aerators is expected to improve dissolved oxygen levels, a key requirement for sustaining fish and other aquatic organisms. “Restoring aquatic life is not just about biodiversity; it is about creating a water body that can safely support recreational activities and public engagement, a senior CMC engineer explained.
Economists point out that the Rs. 2.5 billion allocation, while substantial, should be seen against the long-term cost savings and revenue potential. Reduced public health risks, lower water treatment costs downstream, increased tourism activity and higher commercial footfall could deliver returns that far exceed the initial outlay.
By Ifham Nizam
Business
Expectation of positive Q3 corporate results jerks bourse to life
CSE activities kicked off on a negative note initially but later experienced some recovery yesterday because most investors were anticipating positive third quarter result shortly, market analysts said.
Amid those developments, the market indicated mixed reactions. The All Share Price Index went down by 4.13 points, while the S and P SL20 rose by 14.02 points. Turnover stood at Rs 5.17 billion with 11 crossings.
Top seven crossings were reported in Renuka Holdings where eight million shares crossed to the tune of Rs 324 million; its shares traded at Rs 40.50, Tokyo Cement one million shares crossed to the tune of Rs 113 million; its shares traded at Rs 113, Distilleries 1.85 million shares crossed for Rs 111 million; its shares traded at Rs 60, ACL Cables 500,000 shares crossed for Rs 51.5 million, its shares sold at Rs 103 Chevron Lubricants 250,000 shares crossed for Rs 47.5 million; its shares traded at Rs 190, Ambeon Capital 738600 shares crossed at Rs 40.50 each and Melstacope 150,000 shares crossed for Rs 27 million; its shares traded at Rs 180.
In the retail market top seven companies that mainly contributed to the turnover were; Colombo Dockyard Rs 1.26 billion (12 million shares traded), ACL Cables Rs 348 million (3.3 million shares traded), HNB (Non-Voting) Rs 152 million (425,000 shares traded), Hayleys Rs 109 million (507,000 shares traded), Tokyo Cement (Non-Voting) Rs 94 million (989,000 shares traded) Lanka Realty Investments Rs 80 million (1.6 million shares traded) and Sampath Bank Rs 77 million (498,000 shares traded). During the day 135 million share volumes changed hands in 38398 transactions.
It is said that manufacturing sector counters, especially Tokyo Cement and ACL Cables, performed well. Further, Colombo Dockyard became the most preferred share for investors. The Banking sector also performed well.
Browns Beach Hotels said that the company will delist from the CSE, having made arrangements with majority shareholders Melstacope and Aitken Spence Hotel Holdings to buy back shares from minority shareholders at an exit offer price of Rs 30.
Yesterday the rupee was quoted at Rs 309.75/85 to the US dollar in the spot market, from Rs 309.72/77 the previous day, having depreciated in recent weeks, dealers said, while bond yields were down.
A bond maturing on 15.05.2026 was quoted at 8.25/35 percent.
A bond maturing on 15.02.2028 was quoted at 9.00/10 percent, down from 9.05/10 percent.
A bond maturing on 15.12.2029 was quoted at 9.65/70 percent, up from 9.65/69 percent.
A bond maturing on 01.03.2030 was quoted at 9.72/75 percent, from 9.70/76 percent.
A bond maturing on 15.03.2031 was quoted at 9.95/10.00 percent, down from 10.00/10 percent.
A bond maturing on 01.10.2032 was quoted at 10.30/50 percent.
A bond maturing on 01.06.2033 was quoted at 10.72/75 percent, down from 10.70/80 percent.
A bond maturing on 15.06.2035 closed at 11.05/10 percent, down from 11.07/11 percent.
The telegraphic transfer rates for the American dollar were 306.2500 buying, 313.2500 selling; the British pound was 409.9898 buying, and 421.3080 selling, and the euro was 354.1773 buying, 365.5655 selling.
By Hiran H Senewiratne
Business
Ceylon Theatres and British Council present National Theatre Live’s ‘Hamlet’
Ceylon Theatres Limited, in partnership with British Council, is proud to present the first ever screening of National Theatre (NT) Live’s Hamlet starring Hiran Abeysekara in Asia. The first screening will happen at Regal Cinema in Dematagoda (Colombo 9) at 5:30 pm on Sunday, 25 January. Sri Lankan actor Hiran Abeysekera stars in the title role—the first Asian actor to play Hamlet in a National Theatre production.
For Sri Lankan audiences, this screening is both a celebration and a homecoming. It reflects the British Council’s long-standing commitment to nurturing creative talent, widening access to world-class culture, and building deep, people-to-people connections between Sri Lanka and the United Kingdom through theatre and the creative arts. To celebrate the inaugural screening, the British Council is inviting winners and runners-up of the All-Island Inter-School Shakespeare Drama Competition, alongside drama teachers and university actors, to attend the premiere.
Further details on screening dates, venues, and ticketing can be found at: https://ceylontheatres.com/ and on the British Council Instagram page https://www.instagram.com/britishcouncilsrilanka/ or call: 0766192370
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