Connect with us

Business

Hambantota International Port upbeat about its prospects after Lloyd’s certification

Published

on

The Hambantota International Port (HIP), which continues to come under attack by the opposition, said it expects phenomenal growth in the services it offers.

Issuing a statement, HIP said it has received FSS certification (Fitness for Service) for their tank farm facility.

It said: The certification was issued by Lloyd’s Register (LR), the World’s leading provider of classification, compliance and consultancy services to marine and offshore industries.  This is a landmark achievement that will further strengthen the HIP brand in the maritime world.

The port was awarded Lloyd’s certification, after a comprehensive approval process and an impartial third-party assessment.  The entire process was handled by HIP’s Department of Energy Services who worked with Lloyd’s Register Marine & Offshore Asia LLP, in achieving the recognition.

Located just 10 nautical miles (19 km), from the world’s busiest maritime route linking Europe and Asia, HIP’s fully functioning tank farm facility for bunker fuel supply, provides a huge advantage to the vast number of vessels plying this route.

The high performance in bunkering volumes handled by HIP last year, underpins the potential the port has for this business.  Johnson Liu, CEO of Hambantota International Port Group (HIPG) says the recognition by a trusted international organization like the Lloyd’s Register, will not only strengthen the confidence the international maritime community has in the port, but will also help boost Sri Lanka’s oil and gas industry.

“As we enter the new year, we are confident that we will see phenomenal growth rates not only in bunkering but also in other services offered by HIP.  As much as we see the importance of safety protocols being maintained to the highest standards within the port, we are also confident that our efficiency in delivery continues to improve.  It is the combination of all these factors that fuel our growth,” says the CEO.

There were two phases to the oil tank refurbishment project undertaken by HIPG.   Both phases, i.e. the oil storage terminal and two oil jetties have been awarded FFS Certification by Lloyd’s.  The storage network has 11 tanks, associated pipelines and 8 loading/unloading arms of two jetties, which are all included in the certification.   Currently HIP has a maximum storage capacity of 51,000 m3 for Very Low Sulphur Fuel Oil (VLSFO) and 23,000 m3 for Marine Diesel Oil (MDO), held in utmost safe conditions, verified by Lloyds.

The certification is in line with HIP’s objective of providing bunker fuels and related products that are compliant with international maritime organisation (IMO) standards.  The IMO introduced a 0.5% m/m (mass by mass) Sulphur cap on bunkers for ships operating outside emission control areas in January 2020. With this regulation, the use of VLSFO will see a considerable increase in comparison with HSFO (High Sulphur Fuel Oil).



Business

President briefs Sri Lankan delegation leaving for tariff related discussions in Washington

Published

on

By

A Sri Lankan delegation is set to participate in discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR). This is the second in-person meeting aimed at ongoing efforts to strengthen bilateral trade relations between the two nations.

This initiative builds on several prior virtual interactions held between the USTR and Sri Lankan officials, and underscores a commitment to deepening economic ties. The upcoming talks are anticipated to explore avenues for enhancing trade cooperation and securing favourable outcomes for Sri Lanka, in light of current economic priorities.

Ahead of the visit, a high-level meeting was convened today under the leadership of President Anura Kumara Disanayake to ensure the country’s interests are well represented. The discussion focused on aligning the delegation’s approach with Sri Lanka’s broader economic strategy, ensuring the best possible outcomes from the upcoming discussions.

Key participants at the meeting included Deputy Minister of Finance and Planning Dr. Harshana Suriyapperuma; Secretary to the Ministry of Trade, Commerce, Food Security and Cooperative Development, K.A. Vimalenthirarajah; Duminda Hulangamuwa, Senior Economic Advisor to the President; Governor of the Central Bank Dr. Nandalal Weerasinghe; Secretary to the Ministry of Finance, Planning and Economic Development K.M.M. Siriwardana; Nirmal Vigneshwaran, representing the Attorney General’s Department; and Dharshana Perera from the Ministry of Foreign Affairs.

Details of the discussions in Washington are expected to be made available following the conclusion of the meetings.

[PMD]

Continue Reading

Business

“Tourism Renaissance 2025” launched under the patronage of president

Published

on

By

Sri Lanka’s largest tourism exhibition, “Tourism Renaissance 2025” (Sancharaka Udawa 2025), was inaugurated on Friday (23) at the Bandaranaike Memorial International Conference Hall (BMICH) in Colombo under the patronage of President Anura Kumara Disanayake.

Organized jointly by the Sri Lanka Tourism Promotion Bureau (SLTPB) and the Sri Lanka Association of Inbound Tour Operators (SLAITO), this event brings together key stakeholders across the tourism industry. It offers a valuable platform for small and medium-scale enterprises, as well as individuals aspiring to enter the tourism sector, to connect with market opportunities and showcase their products and services.

The two-day exhibition, which ends on Saturday [24], features 250 trade stalls and includes participation from a wide range of sectors such as hotels, tour operators, airlines, service providers and educational institutions.

Speaking at the opening ceremony, Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath stated that the government has declared 2025 the “Year of Tourism Renaissance,” with plans to generate USD 5 billion in revenue from the tourism sector by the end of the year.

Also in attendance at the opening ceremony were Secretary to the Ministry of Foreign Affairs, Foreign Employment and Tourism Aruni Ranaraja, SLAITO Chairman Nalin Jayasundara, SLTPB Chairman Buddhika Hewawasam and a distinguished group of invitees including the Ambassador of Germany to Sri Lanka.

Continue Reading

Business

‘Be Part of the Plan’ – Sri Lanka’s theme for International Day for Biological Diversity

Published

on

Sri Lanka celebrated International Day for Biological Diversity with a vibrant national event at the Popam Arboretum in Dambulla, centering on the theme “Be part of the Plan.” The celebration, attended by students, researchers, community members, and officials, was led by Minister of Environment Dr. Dhammika Patabendi, who emphasized the country’s commitment to preserving biodiversity and promoting sustainable development.

Delivering the keynote address, Minister Patabendi said, “As a government, we are committed to taking every possible step to protect our ecosystems and biodiversity. But this is not the responsibility of the government alone. It is a shared responsibility—one that requires the active participation of every citizen.”

The event highlighted the value of community involvement in conservation and featured a series of exhibitions and talks focused on sustainable tourism, traditional food systems, and environmental education. Locally sourced underutilized fruits and indigenous foods were displayed and shared by communities, underscoring the deep ties between biodiversity and traditional knowledge.

The celebration also featured two major guest lectures. Professor Cyril Wijesundara spoke on the current status of biodiversity in Sri Lanka, while Professor Gamini Pushpakumara presented on the promotion of underutilized food crops—a key element in ensuring food security and sustainability in the face of climate change.

“This is more than a celebration,” Minister Patabendi told journalists at the event. “It’s a reminder that sustainable development must go hand-in-hand with nature. We need to build our future with the forest, not against it.”

By Ifham Nizam

Continue Reading

Trending