Photo: Colombo Dockyard
COLOMBO, March 1 (Reuters) – Sri Lanka’s cabinet has approved the awarding of a $180 million deal for three offshore patrol vessels for the country’s coast guard to Colombo Dockyard , a government document said on Wednesday.
Colombo Dockyard has agreed to arrange a loan for the deal, with 40 percent provided by the Japanese Funding Institution of JBIC, another 40 percent from Bank of Tokyo Mitsubishi UFJ, and the rest from a tied commercial term loan facility, the document said.
Dockyard, located in Colombo port, is Sri Lanka’s largest engineering facility in the business of ship repair, shipbuilding, heavy engineering and offshore engineering. (Reporting by Shihar Aneez; Editing by Mark Potter)
(c) Copyright Thomson Reuters 2017.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,866 members that receive our newsletter.
Have a news tip? Let us know.
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
Vessels in the northern Gulf have received multiple VHF radio challenges, including demands to alter course, the United Kingdom Maritime Trade Operations said on Friday, adding they could be part of an Iranian military exercise.
LONDON, Jan 24 (Reuters) – The Russian Embassy in London said that Russia posed no threat to undersea cables in Britain and other NATO countries, after UK defence minister John Healey accused Moscow of “malign...
Maritime and offshore news trusted by our 108,866 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
