Business

Aitken Spence Logistics expands its reefer & GP container fleet

Published

1 year ago

2021/12/8

Aitken Spence Logistics, the pioneer in integrated logistics, strengthened its mobile storage solutions operations by acquiring the reefer and GP (General Purpose) container fleet of a competitor business.

Aitken Spence Logistics introduced the concept of mobile cold storage solutions using reefer containers on rent, with 24-hour backup maintenance which has been widely accepted by the food and beverage industry and renting of GP containers for storage of dry & general cargo as a cost effective, convenient and flexible means of storage. Over the years, the company continued to expand its fleet and is currently the market leader in the industry with a large, diversified client base. With this acquisition, Aitken Spence Logistics further strengthened the undisputed market leadership position of its Mobile Storage Solutions (MSS) operations.

The existing client base pertaining to the container fleet was also acquired by Aitken Spence Logistics as part of the acquisition, adding more value to the investment. The trust bestowed upon the Aitken Spence Logistics brand has certainly increased with more clients adding on to the business where the company is further committed to deliver its service promise.

At a time where storage solutions are high in demand, Aitken Spence Logistics has always been a strong source of support in the realm of supply chain to a unique base of local businesses, predominantly in the food and beverage industry. Poultry, dry fish and vegetables are some of the main commodities stored in the Reefer containers; therefore, reliability of these units is of paramount importance. As such, the company has strengthened its focus on regular servicing of the Reefer units ensuring their fitness to store perishable goods. Aitken Spence Logistics is also committed to round the clock technical support, despite the location of the Reefer container, ensuring a rectification within 24 hours.

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Business

Oil prices rise as Saudi Arabia pledges output cuts – Opec+

Published

18 hours ago

2023/06/5

Priyan

(picture BBC)

Oil-producing countries have agreed to continued cuts in production in a bid to shore up flagging prices.

Saudi Arabia said it would make cuts of a million barrels per day (bpd) in July and Opec+ said targets would drop by a further 1.4 million bpd from 2024.

Opec+ accounts for around 40% of the world’s crude oil and its decisions can have a major impact on oil prices.

In Asia trade on Monday, Brent crude oil rose by as much as 2.4% before settling at around $77 a barrel.

The seven hour-long meeting on Sunday of the oil-rich nations, led by Russia, came against a backdrop of falling energy prices.

Total production cuts, which Opec+ has undertaken since October 2022, reached 3.66 million bpd, according to Russian Deputy Prime Minister Alexander Novak.

Opec+, a formulation which refers to the Organization of Petroleum Exporting Countries and its allies, had already agreed to cut production by two million bpd, about 2% of global demand.

(BBC)

Business

Manpower services agency wins accolades for its contribution to foreign employment sector

Published

21 hours ago

2023/06/5

Thilina Walpola

Siraj Cafoor, Managing Director of Siraj Manpower Services receives the award

Its MD says. ‘go abroad only if you can work hard’

Siraj Manpower Services, one of Sri Lanka’s leading foreign employment agencies, was honoured with the Three-Star Award at the ‘Golden Awards’ 2023, organised by the Sri Lanka Bureau of Foreign Employment (SLBFE). This award ceremony was organised to honour foreign employment agencies that have made a significant contribution to the development of the foreign employment sector, which is a major source of foreign exchange for Sri Lanka. Siraj Cafoor, Managing Director of Siraj Manpower Services, was presented with the award at the award ceremony which was held at the BMICH in Colombo under the patronage of Minister of Foreign Employment and Labour Manusha Nanayakkara.

Having been established in 2002, Siraj Manpower Services (www.sirajmanpower.lk) has earned a reputation in the field of foreign employment by winning the trust of customers for more than 20 years. It has been offering job opportunities in the Middle East countries such as Kuwait, Qatar, Dubai and Saudi Arabia, and Malaysia as housekeepers, drivers, sanitation workers, labourers and also jobs related to the apparel industry. All these workers are entitled to approved salary scales certified by the SLBFE.

“We always stand for the safety of workers who go abroad through our organisation. We work to solve the problems that arise in relation to the contracts that the workers have entered into. I must mention something special to those who go abroad for employment. That is, you should keep in mind that you go abroad only to work. Go abroad only if you can work hard. You have to remember that you are going abroad to earn some more money and achieve the advancement of your family.” said Siraj Cafoor.

Business

Direct flights between Istanbul and Katunayake to commence from August

Published

21 hours ago

2023/06/5

Thilina Walpola

A special discussion between Turkish Ambassador – Demet Sekercioglu and Minister of Ports, Shipping and Aviation – Nimal Siripala de Silva took place last week at the ministry office. The aim of the discussion was to seek authorization to commence direct flights from the Turkish Capital Istanbul to Katunayake, Sri Lanka. The Chief of Turkish Airlines’ South Asia Office Fathi Bozkurt was also present during the discussion.

Currently, Turkish Airlines connects with Sri Lanka through a route that includes a stopover in the Maldives, resulting in an additional travel time of one and a half hours. The delay caused by this routing is not favored by travelers, as emphasized by the Ambassador.

The Chief of Turkish Airlines requested for time and space to be allocated in order to initiate direct flights between Istanbul and Katunaike, thus providing convenience for Turkish tourists and travelers who prefer visit Sri Lanka.

The Minister announced that the request would be forwarded to the Director General of the Civil Aviation Authority of Sri Lanka and the Airport and Aviation Services (Sri Lanka) (Private) Limited. The aim is to establish direct flights between Istanbul and Katunayake starting from August this year.

Turkish Airlines, a renowned airline with a fleet of over 100 aircraft, offers flights connecting Europe’s Vancouver and New York. The Chief of Turkish Airlines said that the new service would not only benefit European travelers but also encourage them to travel to Sri Lanka.