February 28, 2025 at 2:52 pm | Uncategorized | No comment
In early January 2025, the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) reached a labor agreement ahead of the expiration of their previous contract, avoiding a potential strike. While the agreement has helped avert major disruptions, the ongoing impact on supply chains, particularly in terms of volumes and routing, is still in […]
Read moreFebruary 28, 2025 at 8:15 am | Uncategorized | No comment
Global trade dynamics are evolving, but there are significant opportunities for resilience and growth. This month, we focus on the launch of the Gemini Cooperation, which is set to create new avenues for businesses looking to expand their global reach. Alongside this, we explore how businesses can adapt to recent tariff adjustments, offering insights on […]
Read moreFebruary 27, 2025 at 10:30 am | Uncategorized | No comment
The Sri Lankan government is set to invite Expressions of Interest (EOI) next month from the world’s top ten shipping companies for the Colombo Port expansion, which includes the Colombo North Port project and Phase II of the West Container Terminal (WCT). Deputy Minister of Ports and Aviation, Janitha Kodithuwakku, highlighted that Colombo Port currently […]
Read moreFebruary 27, 2025 at 10:09 am | Uncategorized | No comment
Sri Lanka’s industrial sector is showing signs of recovery, after being significantly impacted by the 2022 economic crisis. The Index of Industrial Production (IIP) for January 2025 recorded 95.2 points, reflecting a 6.1% year-on-year growth. This marks a notable resurgence in industrial activities, which had previously been hampered by a foreign currency shortage, stringent import […]
Read moreFebruary 27, 2025 at 7:07 am | Uncategorized | No comment
International freight forwarding in 2025 faces potential turbulence due to the new U.S. administration and shifting global trade dynamics. The uncertainty surrounding import trade tariffs and geopolitical changes could lead to unpredictable supply chain challenges across industries. Forecasted demand is expected to fluctuate, making it harder for companies to project performance in various sectors. At […]
Read moreFebruary 25, 2025 at 2:21 pm | Uncategorized | No comment
The Port of Colombo started 2025 with a challenging performance as transshipment volumes declined due to persistent congestion, contrasting with the growth experienced in the previous year. In January 2025, transshipment volumes dropped by 6.5% YoY to 525,768 TEUs, a significant dip from the strong performance in early and late 2024. The decline was attributed […]
Read moreJanuary 30, 2025 at 12:11 pm | 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 29, 2025 at 10:06 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 moreJanuary 28, 2025 at 10:56 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 22, 2025 at 8:50 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 […]
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