OSM Holdings » Updates

Colombo Dockyard repairs container vessel Lobivia damage

January 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 […]

Abu Dhabi hosts healthcare logistics program.

January 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 […]

Sri Lanka’s Export Milestones Achieved in December 2024

January 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 […]

December 2024 Shipping Trends and Developments

December 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 […]

Sri Lanka sees tourism growth in December.

December 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 […]

Sri Lanka’s new tax structure reduces burden.

December 25, 2024 at 11:45 am | Uncategorized | No comment

In a recent address to Parliament, Sri Lanka’s President unveiled proposed reforms to the country’s Personal Income Tax (PIT) system. These changes include raising the tax-free monthly income threshold from LKR 100,000 to LKR 150,000, allowing lower-income earners to retain a larger portion of their income. Additionally, the reform aims to adjust the tax brackets, […]

Industry acquisitions, expansions, and strategic moves announced.

December 21, 2024 at 12:02 pm | Uncategorized | No comment

Ipsos has confirmed ongoing discussions regarding the potential acquisition of Kantar Media, but no binding offer has been made yet, and it remains uncertain whether these discussions will lead to an agreement. Meanwhile, other companies have made notable acquisitions to expand their capabilities. For instance, Norstat has acquired PFM Research to enhance its position in […]

Adani’s West Terminal completion expected Q1 FY25

December 20, 2024 at 1:54 am | Uncategorized | No comment

Sri Lanka’s Colombo Port continues to grow in alignment with global maritime developments, with a significant investment from the Adani Group. The Adani Group acquired a portion of the West Terminal, which is expected to open in the first quarter of 2025. Despite facing financial challenges due to a fraud case in the US, S&P […]

SLPA seeks private investors for two logistics centres

December 18, 2024 at 11:50 am | Uncategorized | No comment

The Sri Lanka Ports Authority (SLPA) is looking for investors to build a second logistics center at Colombo Port next year, with plans for a third center thereafter. Chairman Sirimevan Ranasinghe revealed these plans at the Voyage Sri Lanka 2024 seminar, announcing the intention to invite investors for the Bloemandhal Center in early 2025. The […]

Lufthansa Cargo Expands Fleet, ZIM Partners

November 30, 2024 at 11:49 am | Uncategorized | No comment

Lufthansa Cargo welcomed its 18th Boeing 777 freighter at Frankfurt Airport in August 2024, marking a significant expansion of its long-haul cargo capacity. The aircraft was delivered directly from Boeing’s factory in Everett, Washington, to the airline’s primary hub, enhancing Lufthansa Cargo’s ability to meet growing global demand for freight services. In another development in […]

OSM News

Press & Media

Colombo Dockyard repairs container vessel Lobivia damage

Abu Dhabi hosts healthcare logistics program.

Sri Lanka’s Export Milestones Achieved in December 2024

December 2024 Shipping Trends and Developments

Sri Lanka sees tourism growth in December.

Sri Lanka’s new tax structure reduces burden.

Industry acquisitions, expansions, and strategic moves announced.

Adani’s West Terminal completion expected Q1 FY25

SLPA seeks private investors for two logistics centres

Lufthansa Cargo Expands Fleet, ZIM Partners