Shipping

Cey-Nor Foundation to manufacture boats for Somalia

Cey-Nor Foundation to manufacture boats for Somalia collaborating with the Nedsom Foundation.

Speaking to Daily News Business Chairman of the Cey-Nor Foundation Rohan Jayasinghe said that the produce fishing boats to Somalia under this project. High fuel cost is a major problem that fishing industry face today.

These boats are designed to operate with wind power even without fuel. This will help fishermen to save large amount of money spend on fuel. High fuel conservation and the speed are important features of these boats. Somalia is the only country which has a largest coastal line in Africa and this is a good market for Sri Lanka.

"We are also in the process of providing necessary training for Somalian students on boat manufacturing. At the moment there are eight Somalian students trained under Cey-Nor" he said.

"We are providing practical training and theory part will be done by the BTI. Providing training for foreign students is a potential business for Cey-Nor" he said.

Cey- Nor Foundation together with the Nedsom Foundation will establish boat yard in Somalia. Managing Director of Nedsom foundation G. Yusuf said we are happy to collaborate with Cey-Nor Foundation in Sri Lanka since it has vast experience in boat manufacturing. Cey- Nor will provide moulds and technical know- how for the project.

Some parts of the boats will be manufactured in Sri lanka and other parts will be manufacture in Somalia he said. AS

Lankan Hydraulic designs East Indian Harbour

Krishnapatnam Port Co Ltd commissioned LHI Coast and Water, the Lanka Hydraulic Institute Ltd (LHI) is to carry out physical modelling of their harbour for wave tranquillity testing and design. Krishnapatnam Port of India is located in the coastal district of Nellore in the southern state of Andhra Pradesh. Krishnapatnam is approximately 300km from Hyderabad, which is the state's capital city.

The Krishnapatnam minor port on the Indian east coast is adjoining the left bank of the Upputeru River which is 40ft in depth. This port is planning to become an all-weather deep water port capable of handling a large volume of cargo and is currently being connected with the national highway and railway grid and further for transport of Iron ore from Bellary - Hospet region and other industries in Nellore & Rayalaseema region.

According to Senior Research Engineer of LHI Dr. Raveenthiran, the primary objectives of the 3D physical model study are to study the tranquillity of the harbour basin for North East and South West Monsoon conditions and to fine tune the layout to ensure a minimum of 320 working days in a year by satisfying the different wave conditions required at various berths.

"The testing and modifications of the project was done in LHI's own state-of-the-art flume and model basin, located at the Company's premises in Katubedda," revealed Raveenthiran."Krishnapatnam Port Company Ltd's representatives, M. Ansari and Dr. P.V. Chandramohan visited our laboratory to witness the project in progress.

They also met with our project team in charge of the Krishnapatnam project." said Chief Executive Officer/Director of LHI Malith Mendis. "Our last overseas project was also from another neighbouring country, the Maldive Islands.

Our client in Male, The Ministry of Environment, Energy and Water (MEEW) enrolled the services of our company to design a centralized sewerage system in the Ten Islands, which was also intended to prevent the pollution of groundwater and enhance the quality of life of people living in the islands. LHI's goal is to secure as many overseas projects, as this is the avenue which really contribute to the bottom line.

LHI had to breakaway from the 'local projects only' mindset and reach to new heights - capturing the international market. Since then we have worked on projects in Algeria, Brunei, South Korea, Iran, Bhutan, the UAE etc and hope to start work in Yemen in the near future.

Hanjin Shipping steps towards global logistics company

Hanjin Shipping is making a further step to become a global total logistics company. The company is enlarging its size by aggressively investing in fleet and promoting shipping/logistics related businesses, which are expected to become the next drive forces of the company.

As the first step to execute the expansion plan of its bulk line business, Hanjin Shipping has ordered today 2 VLCC (Very Large Crude Carriers) for its own.

Based on the company's policy to increase the portion of the bulk line business, which is now approximately 20% of total sales, Hanjin Shipping is putting large efforts into improving its business competency and expanding its fleet. As part of the plan, Hanjin Shipping successfully established a tanker corporation in Singapore in 2007 and recently merged with one of its subsidiaries, Keoyang Shipping.

Moreover, along with 20 some middle/long term chartered bulk vessels to be delivered this year, Hanjin Shipping is planning on expanding its bulk fleet from current 100 some ships including 30 some cape-sized to approximately 250 vessels in 5 years.

Last February Hanjin Shipping's container line division concluded the contract for chartering a total of 9 13,000TEU class ships for more than 12 years. Adopting these mega-sized vessels was the company's strategic decision to reduce operating cost and improve service quality and also the response to the global demand for mega-sized vessels.

Furthermore, Hanjin Shipping plans on almost doubling its container fleet from current 350,000TEU (11th in global scale according to AXS-Alphaliner's Order Book in March, 2008) up to approximately 670,000TEU (7th in global scale).

Besides strengthening its core businesses, Hanjin Shipping is also developing shipping/logistics related businesses, which are expected to become the company's next drive forces. Hanjin Shipping is planning on expanding 3PL business by extending its global network and completing its internal system. This will allow the company to have stronger business competency and start making profit.

India to view on Lanka shipping channel

The India, Sri Lanka shipping channel project has been discussed for decades. The present government finally approved it in 2005, proposing to deepen the 160 km long, 300-metre wide waterway and open it to ships in 2008.

But last month, criticism from Hindu leaders led the Supreme Court to halt all work until it had heard from both sides.

On Friday, the government was forced to disavow the archaeologists' words and asked the Supreme Court to give it three months to reframe its legal position on the channel.

Conservationists also criticize the project, saying it will destroy marine life and take jobs from Indian and Sri Lankan fishermen. Some scientists worry the dredging could affect the flow of currents and water temperatures.