January 28, 2025 at 4:11 am | Uncategorized | No comment
We are proud to announce that OSM Holdings has been recognized with a Bronze Award in the category of Warehousing and Distribution at the prestigious National Logistics Awards 2024, organized by the Sri Lanka Freight Forwarders Association (SLFFA). The ceremony, held on October 23, 2024, at the Shangri-La Colombo, celebrated the excellence and innovation within […]
Read moreJanuary 28, 2025 at 4:11 am | Uncategorized | No comment
Sri Lanka has partnered with Chinese energy giant Sinopec to expedite the construction of a $3.7 billion oil refinery in the southern port city of Hambantota, marking one of the largest foreign investment projects in the country. The refinery aims to reduce Sri Lanka’s heavy reliance on imported oil, which has placed a significant financial […]
Read moreJanuary 28, 2025 at 4:11 am | Uncategorized | No comment
The inaugural Pharma Logistics Winter University, co-founded by several leading organizations, will run in Abu Dhabi from February 3-7, 2025, aiming to bridge academic learning with practical application in pharmaceutical logistics. Open to students, management trainees, and junior professionals in fields like supply chain and pharmacy, the program includes workshops, case studies, field visits, and […]
Read moreJanuary 28, 2025 at 4:09 am | Uncategorized | No comment
Ford, in collaboration with DB Schenker, has opened a 41,792m² parts distribution center in Dubai South to serve markets in the UAE, Saudi Arabia, Angola, and Ghana. The facility features drones for safety and inventory management, an SAP S/4HANA system for efficient operations, and stores around 100,000 parts. It also includes 20 container docks, a […]
Read moreJanuary 28, 2025 at 4:08 am | Uncategorized | No comment
In December 2024, Sri Lanka’s merchandise exports amounted to $1,042.5 million, reflecting a 4.06% growth compared to the same month in 2023, according to provisional data from Sri Lanka Customs. This increase was primarily driven by higher earnings from key sectors such as apparel and textiles, tea, rubber-based products, coconut-based products, spices and concentrates, as […]
Read moreJanuary 28, 2025 at 4:06 am | Uncategorized | No comment
Sri Lanka’s China-backed Hambantota Port significantly increased its container handling, processing 43,777 TEUs by mid-2024, compared to just 44 containers in 2023, following the start of container relay operations in April 2024. The port aims to become a regional container transfer hub and is developing a dedicated container yard to support transshipment services. It also […]
Read moreApril 24, 2023 at 4:25 am | Uncategorized | No comment
A Major Port is one which is under the administrative control of the Union Shipping Ministry while a Tug (also called Tugboat) is a vessel used to manoeuvre ships into port berths. India hopes to become the global hub of Green Ship Building by 2030 according to Shipping Minister Sarbananda Sonowal. Speaking at the launch […]
Read moreApril 24, 2023 at 4:24 am | Uncategorized | No comment
The much-delayed passenger ferry service between Sri Lanka and India is set to start by the end of April, Civil Aviation Minister Nimal Siripala de Silva said on Sunday. “On April 29, the ferry service between Karaikal and Kankesanthurai in port in Jaffna district would begin. Each passenger would be allowed a 100 kg baggage […]
Read moreApril 24, 2023 at 4:21 am | Uncategorized | No comment
Sri Lankan Minister of Ports, Shipping and Aviation Nimal Siripala de Silva has said the government will spend around 132 million US dollars on port development projects. These investments would be made through revenue generated from port operations, the minister said on Saturday night, Xinhua News Agency reported. Speaking at an event in Colombo, the […]
Read moreApril 24, 2023 at 4:13 am | Uncategorized | No comment
The International Air Transport Association (IATA) released data for January 2023 global air cargo markets showing that air cargo demand declined as economic headwinds persist. Global demand, measured in cargo tonne-kilometers (CTKs*), fell 14.9% compared to January 2022 (-16.2% for international operations). Capacity (measured in available cargo tonne-kilometers, ACTK) was up 3.9% compared to January […]
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