Daily News Online
 

Monday, 18 January 2010

News Bar »

News: New technology for estate sector ...        Political: President pledges to end thuggery ...       Business: Carnet to benefit exporters ...        Sports: Charith and Bhanuka pilot Sri Lanka under 19 to victory ...

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | SUPPLEMENTS  | PICTURE GALLERY  | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Largest vessel by CDP flagged off

“Sri Lanka is poised to capture the market from India as the Colombo Dockyard PLC (CDP) is one of the most efficient dockyards in the region today.

With the technically proficient and skilled workforce available, the CDP is capable of handling major projects in ship building and repairs”, CDP Managing Director


At the flagging off ceremony of the 250 passenger vessel built by CDP for the Government of India. Picture by Saliya Rupasinghe

Mangala B. Yapa told Daily News Business at the flagging off ceremony of the 250 passenger vessel built by the CDP for the Government of India, last Friday.

This is the first time in the maritime industry of Sri Lanka a project of this magnitude was awarded to the CDP by the Indian Government.

The successful completion of this project also marked the biggest vessel built by the CDP in its 35 year history of shipbuilding, and the company has also worked out synergies to develop regional capabilities bringing with it the latest technology to the country” he said.

Of the total business handled by CDP, 78 percent is from India, ten percent local and the rest are from other countries. Four vessels are being built and they are confident that the delivery dates will be met. Of these, one is due to be delivered in May this year. The contracts of both have earned the country a of revenue of USD 36.6 million.

“We will in future be bidding aggressively for the ship building and repair project as we now are confident of meeting deadlines without compromising quality.

The recession which affected the shipping industry globally also affected the local shipping industry.

However with the tremendous growth potential in the tourism sector will facilitate the demand for passenger vessels in the future,” he said.

SJ

EMAIL |   PRINTABLE VIEW | FEEDBACK

www.lanka.info
Donate Now | defence.lk
www.apiwenuwenapi.co.uk
LANKAPUVATH - National News Agency of Sri Lanka
www.peaceinsrilanka.org
www.army.lk
Telecommunications Regulatory Commission of Sri Lanka (TRCSL)
www.news.lk
www.defence.lk

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright © 2010 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor