Business News

E. B. Creasy Declares Interim Dividend and Pays Out Rs. 253.5 Million

Businesscafe - E. B. Creasy & Co. PLC has declared an interim dividend of Rs. 1.00 per share, paying out Rs. 253.5 Million from the distributable profits of the Current Financial Year.

Increasing the Role of the Youthin Sri Lanka s Maritime and Shipping Industry SLANASigns MoU with YoungShip Sri Lanka

Businesscafe - In a bold move to further improve the standards of the maritime and shipping industry in Sri Lanka, Sri Lanka Associationof NVOCC Agents (SLANA) has signed a key initiative signifies the two organisations’ commitment toworking towards advancing the future of the industry by creating a younger, more inclusive, and collaborative professional atmosphere that allows young maritime professionals to actively participate in the industry early on in their careers by providing a range of professional hand-on experience and training opportunities.

Sysco LABS Completes Phase 5 of Share a Meal Share a Moment

Businesscafe - Sysco LABS Sri Lanka recently concluded the 5th phase of its flagship CSR initiative ‘Share a Meal, Share a Moment’ which supports the food and nourishment needs of underprivileged communities.

Design rendering of Northern Xplorer s zero emission cruise ship

Businesscafe - Recently established Norwegian cruise venture and Portuguese shipbuilder West Sea today signed a Letter of Intent (LoI) for the construction of the company’s maiden vessel, with expected delivery at the start of the 2025/2026 cruise season.

NAVTOR and ScanReach sign agreement transforming vessel data into value

Businesscafe - NAVTOR and ScanReach have announced a partnership that will allow shipowners and operators to maximise the potential of onboard data, creating a simple, integrated solution to capture, aggregate and analyse system information for enhanced decision making.

 Abu Dhabi Hosts Second International Pharma Logistics Masterclass

Businesscafe - The second edition of the International Pharma Logistics Masterclass is taking place at Khalifa University in Abu Dhabi this week, where 120 participants will gather for a five-day intensive programme of presentations, debates and practical workshops focused on key challenges for pharma logistics and pharma supply chains.

VPS launches CORE software to close the emissions gap for shipowners

Businesscafe - VPS-owned Yxney Maritime has launched its CORE emissions tracking software aimed at enabling low-carbon shipping players to reach their green goals and gain a competitive edge amid growing market and regulatory pressure, with Solstad Offshore and Siem Offshore taking the lead.

Vestdavit tackles weighty task with innovative davit for Esvagt s green SOV newbuild

Businesscafe - Vestdavit has lifted the bar in boat handling systems by developing an innovative heavy-duty davit for larger offshore wind workboats to be delivered for a pioneering green-fuelled service operation vessel (SOV) newbuild as part of a multiple davit contract with Esvagt.

Yaskawa Environmental Energy The Switch signs landmark marine supply contract with ABB Marine Ports in China

Businesscafe - The first order for 16 machines, each with a power output of over 4 MW, will be installed as permanent magnet shaft generators (PMSGs) for dry cargo container vessels.

ChildFund celebrate International Youth Day with Youth Advocates

Businesscafe - ChildFund Sri Lanka celebrated International Youth Day 2022 on 12th and 13th of August with its youth advocacy collective - Alliance of Youth to End Violence Against Children’ (AYEVAC).