October 20, 2019
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    Ceylon Shipping Corp. to purchase two bulk carrier ships

    May 28, 2014

    A loan agreement for the purchase of two 63,600 MT DWT bulk carrier ships was signed between the Ceylon Shipping Corporation (CSCL) and the People's Bank at the Naval Headquarters Tuesday (27).

    The loan agreement was signed by Commander of the Navy and Chairman of the Ceylon Shipping Corporation Limited, Vice Admiral Jayanath Colombage  and  Vasantha Kumar, General Manager of the People’s Bank.

     

    The ships each valued at 35 million USD are built by AVIC International Beijing Company Ltd which is one of the most reputed and experienced ship building companies in China.   CSCL signed the ship building agreement with M/s AVIC International Beijing Company Limited of China. The two ships are mainly intended for transporting of thermal coal imported for the coal fired power plant in the country. They are specially designed to add an extra deck at an extra cost to accommodate around 25 persons in addition to its standard crew complement, with a view to providing training for Sri Lankan Deck and Engineering Cadets who passes out from Sri Lanka Marine Colleges.

     

    The expected time of delivery of the first vessel is 31st October January 2015 and the second vessel is expected on 31st January 2016.

     

    Additional Secretary of the Ministry of Highways, Ports & Shipping,  Anuradha Wijekoon, Director CSCL, Ariyaseela Wickremanayaka and several senior officials of the CSCL and People’s bank were also present on the occasion.                  

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