February 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 […]
Read moreJanuary 16, 2025 at 2:57 pm | Uncategorized | No comment
Colombo Dockyard recently completed repairs on the Singapore-flagged container vessel Lobivia, which had been struck while navigating the Gulf of Aden. A specialized team from the shipyard inspected the vessel and determined that the necessary repairs could be carried out without drydocking, saving valuable time. The repairs involved extensive work on the vessel’s hatch covers […]
Read moreJanuary 15, 2025 at 9:15 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 10, 2025 at 11:08 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 moreDecember 30, 2024 at 9:20 am | Uncategorized | No comment
U.S. President-elect Trump has expressed support for the International Longshoremen’s Association (ILA) in its opposition to automation at container terminals. With the current contract extension expiring on January 15, just days before his inauguration, labor negotiations with the United States Maritime Alliance (USMX) remain stalled. Automation remains a key point of contention, with no progress […]
Read moreDecember 25, 2024 at 11:57 am | Uncategorized | No comment
Sri Lanka’s tourism industry showed positive growth in December 2024, with 248,592 tourists arriving, marking a 35% increase compared to November and an 18.18% boost compared to December 2023. By the end of the month, total tourist arrivals reached 2,053,465, reflecting the sector’s steady recovery. This growth highlights the success of ongoing tourism strategies and […]
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