LAUGFS Maritime Services, Sri Lanka’s foremost ship owning and management company is geared to pursue growth goals through becoming a debt-free company by September 2021, and continuing to excel in providing Liquefied Petroleum Gas transportation and logistics services in the region. Being the only maritime company in Sri Lanka to own three LPG vessels, LAUGFS Maritime Services operates on a formula of consistent improvement, customer centricity, teamwork and integrity. All three of the company’s vessels possess Lloyd’s Register classification, while a competent and experienced team ensures the reliability, efficacy and safety of the vessels.
“We purchased our first ship in 2014 to fulfill the LPG transporting requirement of our parent company LAUGFS Gas PLC. At the time, purchasing the vessel and entering a new business venture was a challenge. As such, we named our first vessel, ‘Gas Challenger.’ Since then, we have grown at a steady pace to become a leading maritime company in Sri Lanka and gained a place of repute as a strong regional player. After seven years of operation, starting from 2014, we are set to begin a new, debt-free phase of our journey. Thus far, we have been able to charter an upwards trajectory of growth through adopting a sustainable approach. And we intend to further build on this growth,” commented Dr. Leslie Hemachandra, Director/Chief Executive Officer of LAUGFS Maritime Services (PVT) Limited, quoting the key growth strategy and aspirations set by Group Chairman, W. K. H Wegapitiya, Group Deputy Chairman, Thilak De Silva, and Group Managing Director, Piyadasa Kudabalage.
The first-ever vessel that LAUGFS Maritime Services purchased (tonnage – 3,300 MT) proved to be a resounding success in fuelling the company’s journey. Propelled by the success of this first vessel, the company purchased their second vessel (tonnage – 3,700 MT) in 2015 and named it, ‘Gas Success’. The company’s third vessel (tonnage- 1,800 MT) was named ‘Gas Courage’.
Gas Courage, the company’s third ship, was the first ever vessel to be registered at the Port of Hambantota, consequently becoming the vessel that introduced the Port of Hambantota to countries in the Asian region.
At present, LAUGFS Maritime Services is the key training centre for Sri Lankan seafarers on Gas Tanker training. Having managed shipping services for the past seven years with commendable consistency and reliability, LAUGFS Maritime Services is set to pursue future growth in the same steadfast vein.
LAUGFS Holdings Limited is one of the largest diversified business conglomerates and a trusted and well-loved home-grown business in Sri Lanka. Founded in 1995, today, LAUGFS has expanded across 20 industries in Sri Lanka and overseas, establishing a strong presence as a leader and pioneer in the power and energy, retail, industrial, services, leisure, and logistics sectors. With over 3,500 employees and an annual turnover exceeding Rs. 60 billion, LAUGFS continues to expand and empower millions, as a trusted Sri Lankan brand.
HNB renews partnership with Prime Group for exclusive home loans
Paving the path for aspiring homeowners, Sri Lanka’s leading private sector bank, HNB PLC, renewed its long-standing partnership with local real estate giant Prime Group to offer investors exclusive deals and benefits.
The partnership will offer customers a range of benefits, including special interest rates during the September and October promotional period. The exclusive offer extends to all properties across Prime Group’s extensive portfolio, including highly anticipated Prime Residencies projects, such as The Grand Ward Place, The Beachfront Uswetakeiyawa II and 43 by the Sea on Marine Drive, Dehiwala.
“Building your own home in Sri Lanka can be quite a challenge. The escalating costs of construction, driven by rising inflation, have added to the struggle. We at HNB remain steadfast in our commitment to empower every Sri Lankan to own a home of their own. As such, we are delighted to partner with Prime Group again to offer our customers affordable financing options and exceptional services,” HNB Assistant General Manager – Personal Financial Services (PFS), Kanchana Karunagama, said.
Delivering the best value to its customers, HNB will offer special interest rates during the promotional period. Prospective homeowners can make use of convenient and flexible repayment options tailor-made to their budgets, together with doorstep mortgage advisory services provided by the Bank’s dedicated agents, who will assist with the legal documentation needed for the facility.
“As Prime Group, our mission is to empower Sri Lankans with the chance to achieve homeownership, allowing them to find stability and make the most of these challenging times. Therefore, it is a pleasure for us to partner with HNB in serving our customers,” Prime Group Director – Corporate Affairs Nalinda Heenatigala said.
SLT-MOBITEL empowers Apple iPhone users across Sri Lanka to embrace 5G revolution
SLT-MOBITEL is providing a groundbreaking opportunity, enabling customers with latest Apple iPhone devices to experience the best of 5G technology through its state-of-the-art 5G trial network. Apple users who have 5G compatible iPhone devices and with the latest iOS 17 update can now experience 5G when they are in a SLT-MOBITEL 5G trial zone.
Recognising 5G as a game-changer, SLT-MOBITEL was the first to trial 5G technology in South Asia in 2018 and has been at the forefront of the 5G revolution in Sri Lanka ever since. Recently, SLT-MOBITEL expanded its 5G pre-commercial trial network across main cities including Colombo, Kandy, Anuradhapura, Galle, and Jaffna, setting pathways for customers to seamlessly explore the possibilities of 5G technology.
Celebrating the new offering, SLT-MOBITEL is providing its customers with an amazing 10GB of free trial data on the lightning-fast 5G network. The trial data allows users to explore the capabilities of 5G without an initial cost and harness the full power of 5G technology, unlocking a world of new possibilities.SLT-MOBITEL extends a special invitation to customers who own 5G enabled iPhone 12 devices and beyond, to seize this exciting opportunity and become part of the 5G revolution by updating their eligible iOS device.
SLPA poised as an exemplary model for SOEs, says its chairman
Keith D. Bernard – the Chairman of Sri Lanka Ports Authority (SLPA), welcoming the attendees as chair, made this comments at the Annual Performance Review Meeting (APRM) of SLPA for the year 2022. The meeting was held on September 14, 2023, at its headquarters in Colombo.Entities incorporated under any statute other than the Companies Act must have an APRM every year where the annual report is presented. The Sri Lanka Ports Authority (SLPA) was established under Act No. 51 of 1970.
In terms of the Guidelines for Corporate Governance of PED Circular No. 1/2021 dated November 16, 2021, it is important that the State-Owned Enterprises (SOEs) maintain continuous communication with their stakeholders at all times through mandatory requirements such as the Annual Report. Such disclosure of information ensures transparency and accountability without compromising any statutory or operational requirements of the entity.
Speaking at the event, the Chairman of SLPA expressed his perspective on the organisation’s future direction. He acknowledged SLPA’s recent achievements and progress in completing the East Container Terminal (ECT) and stressed the need for strategic planning with government support for the future.
“At present, SLPA serves as the regulator, operator, and landlord of our ports. In our capacity as the landlord, we possess assets throughout the country, and all commercial ports fall under the purview of SLPA. Additionally, we compete directly with private operators as operators ourselves. Therefore, we must carefully consider whether our role as operators should remain independent or involve collaboration with other operators. It’s crucial that we approach this strategically and define our precise role in this sector for the future,” he said.
Bernard also highlighted the significance of conducting a self-assessment in the pursuit of good governance within the organisation.
“We have commendable ministerial support and boast a talented team of dedicated professionals who tirelessly work towards the success of our port. While we have encountered challenges in the past, we are confident that, leveraging our strengths, we can overcome any hurdles. SLPA has the potential to serve as an exemplary model for the private sector, leading the way and becoming a guiding beacon for all institutions in Sri Lanka,” he said.
The Additional Director General of the Department of Public Enterprises – B.A.T. Rodrigo, commenting at the event, mentioned that in comparison to the other state-owned enterprises (SOEs) in Sri Lanka, SLPA is the leading SOE amongst them and has been a role model to other SOEs. He wished SLPA would continue doing so in the future. He also thanked the Chairman, the Board of Directors, and the Management of SLPA for arranging the APRM adhering to the good governance guidelines.
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