OSM Holdings » Updates

Generix SOLOCHAIN enhances efficiency with smooth implementation.

October 26, 2024 at 6:41 pm | Uncategorized | No comment

Emballages Carrousel, a company with over 20,000 customers across various sectors, faced challenges in meeting customer expectations for high-performing products, personalized service, and fast, accurate delivery. Their diverse clientele demanded constant updates on industry regulations and trends, such as the ban on single-use plastics. Carrousel needed a flexible, efficient system to manage these varying needs, […]

2024 National Logistics Awards: Celebrating Excellence

October 22, 2024 at 11:39 am | Uncategorized | No comment

The National Logistics Awards (NLA) 2024, held on October 23 at the Shangri-La Hotel in Colombo, celebrated exceptional achievements in Sri Lanka’s logistics sector. Hosted by the Sri Lanka Logistics and Freight Forwarders’ Association (SLFFA), the event recognized over 40 winners in ten categories, such as freight forwarding, ocean carriers, airlines, warehousing, and project logistics. […]

Dow drops 400 points, oil, yields rise.

October 22, 2024 at 11:33 am | Uncategorized | No comment

Stocks struggled Monday as rising oil prices and higher Treasury yields weighed on market sentiment. The Dow Jones Industrial Average dropped 398.51 points, or 0.94%, ending at 41,954.24. The S&P 500 slid 0.96% to 5,695.94, and the Nasdaq Composite lost 1.18% to close at 17,923.90. The benchmark 10-year Treasury yield rose more than 4 basis […]

Port congestion steady at major hubs.

September 26, 2024 at 4:30 pm | Uncategorized | No comment

Port congestion has become an inevitable issue due to factors like typhoons, hurricanes, geopolitical disruptions in the Red Sea, and labor actions along the U.S. East Coast (USEC). In September 2024, both Ningbo and Shanghai ports experienced operational halts caused by Typhoon Bebinca, though they managed to reduce vessel anchor and container dwell times compared […]

Colombo International Maritime & Logistics Conference 2024

September 24, 2024 at 5:32 pm | Uncategorized | No comment

The Colombo International Maritime and Logistics Conference 2024 will bring together leading experts from the shipping, ports, and logistics industries to discuss regional and global sector developments. Scheduled for its seventh edition from November 27 to 29 at the Cinnamon Grand in Colombo, the event takes place amid rapid regional changes, with South Asia experiencing […]

Sri Lanka to revise personal income tax

September 20, 2024 at 5:17 pm | Uncategorized | No comment

Sri Lanka’s Cabinet of Ministers has approved adjustments to the Personal Income Tax (PIT) structure, aiming to provide tax relief while maintaining fiscal stability. The revisions include an increase in tax bands from Rs. 500,000 to Rs. 720,000, allowing taxpayers to enjoy a broader income range within lower tax brackets. However, the tax-free threshold remains […]

Vizhinjam port challenges Colombo’s dominance in transshipment.

September 15, 2024 at 3:21 pm | Uncategorized | No comment

Vizhinjam Port, with its strategic location and deep draft, is emerging as a potential competitor to Colombo Port in the transshipment sector. Approved in April 2024 to operate as India’s first transshipment port, Vizhinjam is equipped with advanced automation and infrastructure to handle Megamax container ships. In its initial phase, it will handle one million […]

Port of Colombo welcomes EVER ARM milestone.

September 10, 2024 at 2:27 pm | Uncategorized | No comment

On September 5, 2024, the Port of Colombo welcomed the container vessel EVER ARM at the Colombo East Container Terminal (CECT), marking a significant milestone for South Asia’s busiest port. The vessel, part of Evergreen’s fleet, is on the China-Europe-Mediterranean (CEM) route and is designed to carry up to 24,000 TEUs. With a length of […]

Colombo Port sees strong growth in 2024.

September 10, 2024 at 2:23 pm | Uncategorized | No comment

In 2024, the Port of Colombo saw a significant milestone, handling 1,541,034 TEUs, marking a 16% year-on-year growth. South Asia Gateway Terminals (SAGT) processed 1,281,642 TEUs, reflecting a 10.4% increase compared to the same period in 2023. On the other hand, the Colombo International Container Terminals (CICT) reported a 5% rise, reaching 2,200,956 TEUs. The […]

Sri Lanka’s manufacturing, services growth slows August.

August 30, 2024 at 12:02 pm | Uncategorized | No comment

Sri Lanka’s manufacturing and service sectors continued to expand in August 2024, with both sectors reporting index values above 50, according to the Purchasing Managers Index (PMI) compiled by the central bank. The Manufacturing PMI was 55.5 in August, down from 59.5 in July, with growth mainly driven by the food and beverage manufacturing sector. […]

OSM News

Press & Media

Generix SOLOCHAIN enhances efficiency with smooth implementation.

2024 National Logistics Awards: Celebrating Excellence

Dow drops 400 points, oil, yields rise.

Port congestion steady at major hubs.

Colombo International Maritime & Logistics Conference 2024

Sri Lanka to revise personal income tax

Vizhinjam port challenges Colombo’s dominance in transshipment.

Port of Colombo welcomes EVER ARM milestone.

Colombo Port sees strong growth in 2024.

Sri Lanka’s manufacturing, services growth slows August.