Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's Laugfs Gas ventures into international shipping and maritime services
Tue, Sep 2, 2014, 09:00 am SL Time, ColomboPage News Desk, Sri Lanka.

Sept 02, Colombo: Sri Lanka's private gas retailer Laugfs Gas has incorporated a fully owned subsidiary, Laugfs Maritime Services (LMS) (Pvt) Limited to expand its businesses into the international shipping industry.

In a stock market disclosure on Monday the Laugfs Gas said the fully owned subsidiary was incorporated as a Board of Investment approved project in order to venture into the business of international shipping, Logistics and Maritime Services.

In order to engage in the International Shipping & Maritime Services, LMS will own, operate, hire and charter various types and size of ships including LPG vessel and other type of vessel that can carry various energy products, Laugfs said.

The company has signed a Memorandum of Agreement to purchase Liquid Petroleum Gas (LPG) Vessel "Gas Puffer". The vessel will be renamed as "Gas Challenger" and registered under the Sri Lankan flag.

The initial investment for the purchase of the LPG gas vessel is around US$ 6.9 million.

ColomboPage - Recent 10 Stories
Subdued performance in Sri Lanka's external sector as trade balance widens substantially in February 2017
-- [28 minutes ago]
Iran, Sri Lanka sign 2 MoUs on science, technology cooperation
-- [1 hour and 19 minutes ago]
Sri Lanka's Mackly Sleepwear introduces first ladies' sleepwear collection
-- [2 hours ago]
Sri Lanka culinary show at the Embassy Chef Challenge in Washington
-- [3 hours ago]
Indian handcraft exhibition in Colombo provide a platform for Sri Lankan artisans
Sri Lanka Foreign Ministry complains to CID about fake twitter account of Minister
Human Rights Commission recommends measures to address Salawa explosion victims' complaints
Sri Lanka police looking to arrest extremist Buddhist monk
Sri Lanka police arrest Army brigadier commanded the Rathupaswala shooting
Sri Lanka tea features prominently at the United Nations in New York

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.