Dockyard builds largest ship

  • 4 Jan 2010 18:14:26 GMT

    Good work CD!! Sri Lankan pride!!

  • 5 Jan 2010 01:44:34 GMT

    Challenges to shipping industry to be analysed

    [The eighth P B Karandawela memorial lecture on `Global Financial Crisis and its Implications on Ports and Shipping`, organized by the Chartered Institute of Logistics and Transport, will be delivered by Dr Parakrama Dissanayake, Chairman Aitken Spence Maritime and Cargo and Director of Aitken Spence, on January 6 at the Liberty Ballroom Ramada Hotel (formerly Holiday Inn).

    The late Karandawela, a former secretary Shipping, Ports and Aviation, pioneered the establishment of organizations such as, Ceylon Shipping Corporation, Central Freight Bureau and the Colombo Dockyard and was its first chairman and did invaluable service to this country especially in the field of shipping, air and road transport.

    He was also Chairman Air Ceylon and Sri Lanka Transport Board. The Chartered Institute of Logistics and Transport, annually holds the memorial lecture to introduce his contributions to the younger generation.]

  • 5 Jan 2010 02:48:56 GMT

    [Dockyard builds largest ship]

    So is this ship larger than the Freedom of the Seas??????

  • 5 Jan 2010 05:40:20 GMT

    Indians have progress so much now they are using Sinhalese as laborer`s that progress. Nothing wrong with that.

  • 5 Jan 2010 08:33:13 GMT

    [Indians have progress so much now they are using Sinhalese as laborer`s that progress. Nothing wrong with that. ]

    Bro,I would respectfully beg to differ.

    CD is one of the few places in Sri Lanka where for long time, complex `Made in Sri Lanka` projects have been carried out.

    It is hardly a `labor provider` for India. If that were the case, Indians would be doing it themselves, trust me.

    They would not waste their exisiting labor pool if the skills and expertise of the Colombo dockyards did not count.

  • 5 Jan 2010 18:45:32 GMT

    This is great news. Dockyards has always been at the forefront of Sri Lankan marine engineering. Their contribution to the navy was immense.

    []

    Kiora,

    [Indians have progress so much now they are using Sinhalese as laborer`s that progress. Nothing wrong with that.]

    Do your kiwi white masters pay you Rs. 2 billion+ for your work? If not, I guess it`s fair to say that you`re used as slave labour there and you come here with your inferiority complex. How does it feel?

  • 18 Jan 2010 16:45:06 GMT

    Largest vessel built in Colombo leaves for India

    Shipbuilding order book full till 2012

    Ship repairs under pressure

    [Sri Lankan shipbuilder Colombo Dockyard PLC has a full order book to build new vessels until early 2012 and is poised to capture the Indian market by creating synergies with related companies in India specialising in designing and fitting sea going vessels. The company s ship repairs business however is under stress with fewer ships calling at the Colombo Port due to the global financial crisis.

    `We have been building synergies with India which would continue to build the region s capacity for ship repairs and ship building. There are services India excels in such as in designing vessels and we excel in workmanship and by creating synergies between the two countries we can outsource areas in shipbuilding that Indian companies are good at,` CDP Managing Director Mangala Yapa said.

    Both China and India are expected to lead the global economic recovery after the crisis and Yapa believes CDP should take advantage of Sri Lanka s close proximity to the subcontinent. Currently, about 75 percent of its business comes from India, the latest being a passenger vessel built for the government of India.

    `We have closely with Indian authorities and Indian companies in the industry. For those who say working with India is difficult and takes too much time, Colombo Dockyard has proved that it is a myth. We have a strong bond with India which augurs well for Indo-Lanka relationships,` Yapa said.

    The biggest yet...

    CDP built a passenger vessel, christened the Arabian Sea , capable of carrying 250 people along with cargo up to 100 tonnes for the Lakshwadeep Union Territories of India. It was flagged-off last Friday and is the first of a series of two ships for the Indian government.

    The Arabian Sea is the biggest and the first passenger vessel to be built in Colombo. Its construction commenced in March 2008. Both vessels would bring in US$ 36.6 million in revenues to CDP (approximately Rs. 4,172 million).

    J. K. Dadoo, the Administrator of Lakshwadeep islands, who was in Colombo to flag-off the Arabian Sea invited CDP to place its bid when Lakshwadeep calls for tenders to build for two more passenger vessels the territory required with a capacity of 400 passengers each.]

  • 18 Jan 2010 16:46:21 GMT

    [CDP has so far specialised in building tug boats and multi purpose utility vessels while carrying out some work for the Sri Lankan Navy building inshore ferries and Yapa said its order book is full until early 2012.

    The company has built over 200 vessels over the past three decades for governments and private clients based in the Maldives, Singapore, Cyprus, India, Nigeria and Saudi Arabia.

    Riding the waves...

    CDP s ship repairs business is under stress due to the slump in shipping caused by lower trade volumes due to the global financial crisis.

    `The ship repair business is under pressure because of the global recession. Consumer demand has dropped causing a drop in trade and this has caused charter rates to fall and owners are finding it difficult to pay us for their repairs. But we have been able to be successful,` Yapa said.

    `We have no choice but ride the waves and manage these difficult times, there is no other way. But there is great potential. With the war over and tourism expected to pickup we can look forward to more passenger vessels calling on Colombo,` he said.

    Financials...

    According to financials filed with the Colombo Stock Exchange, CDP recorded a net profit of Rs. 1,792 million during the first nine months of 2009, an increase of more than 80 percent from Rs. 986 million recorded in the corresponding period of 2008.

    Revenues from ship building activities grew by 60 percent from Rs. 2,313 million to Rs. 3,700 million. Ship repairs brought in Rs. 5,165 million, up 21 percent from Rs. 4,263 the previous year.

    Total revenues for the first nine months of 2009 amounted to Rs. 9,476 million an increase of 32 percent from Rs. 7,169 million the previous year.]

  • 18 Jan 2010 16:49:36 GMT

    SLPA receives US spectroscopic portal surveillance system

    [The Secretary Ministry of Ports and Aviation took over a Spectroscopic Portal Monitor of the Mega Port Surveillance System on behalf of the Sri Lanka Ports Authority (SLPA) in the Port of Colombo on Monday January 11.

    This ultra-modern Portal Monitor was installed under the Mega ports initiative in the Port of Colombo by the Department of Energy of the US.

    SLPA Managing director Capt. Nihal Keppetipola, initially welcomed the welcomed the distinguished gathering which included amongst others, the Secretary and Additional Secretary of the Ministry of Ports and Aviation, Director General of Customs, Senior Officials from the Western Naval Command, Charge D affaires of the US Embassy Mrs. Valerie Fowler, Mr. William Kilmartin Programme Manager Mega ports and other officials from the US Embassy and the US Department of Energy and several senior officials from the SLPA.

    Addressing the gathering further the MD stated that after signing of the MOU with the Government of the USA for the implementation of the Mega ports initiative in 2004, and commissioned in 2006, Colombo became the first Port in Asia that was Compliant with the Mega port initiative, The Customs Security Initiative and the International Ship and Ports Security Code.

    He also stated that the installation of the Spectroscopic Portal Monitor which again is a first in any Asian Port as well as the third of its kind world wide is an endorsement of the importance of Colombo as the Hub of South Asia as well as an appreciation of the investment of approximately 1.5Billion US Dollars on Port Infrastructure and superstructure development which will ensure that Sri Lankan Ports will certainly have a competitive edge over other regional Ports.

    The Secretary Ministry of Ports and Aviation Mr. Ranjith De Silva said that the faith the US Department of Energy has placed in the Port of Colombo speaks volumes of the Sri Lanka Governments commitment to develop and expand facilities at the Port which is the Hub of South Asia. He further stated that the Government is totally committed to Global security. A country that was strife torn for thirty years is peaceful once again and it is time to reap the benefits of peace. Port expansion projects are going on at a tremendous space. The brand new Port of Hambantota in the South will be operational by early 2011.]

  • 18 Jan 2010 16:50:34 GMT

    [The Colombo Port expansion should be completed and the first terminal operational by end of 2012. Capacity in the Port of Colombo will be increased by almost 50 percent with the first terminal detection facility coupled with other progress has given a competitive edge over many other growing ports in the region.

    He also said that he was thankful to the US Government and the Department of Energy and also for the tireless efforts by the officials of the US Embassy for helping to make the project a success along with the other stake holders such as Sri Lanka Navy, the Atomic Energy Authority, Sri Lanka Customs, the ministry of Port and Aviation and also the officials of SLPA.

    Charge d affaires of the US Embassy Mrs. Valerie Fowler addressing the gathering stated that the US first signed the Mega ports Initiative in 2004, and completed the initial project in 2006 and that The Initiative which has been a great success and is a terrific example of bilateral cooperation. Further more she stated that the U.S. Department of Energy considers Sri Lanka to be one of their best partners among the 50 countries with which they work around the world.

    The Mega ports Initiative is a critical part of the U.S. Government s efforts to implement President Obama s commitment to secure vulnerable nuclear material and keep it out of the hands of terrorists, smugglers and proliferators.

    Improved security facilitates legitimate trade and increases revenue by focusing enforcement efforts on the small fraction of trade that raises the most concern.

    With this equipment, busy customs officers can focus on the potentially dangerous cargo, and legitimate trade can be fast- tracked to its destination. At the same time, these measures improve the overall confidence in the global system, and the Port of Colombo in particular.]