It has been revealed that Sri Lanka’s bunkering services to ships and supply of aviation fuel to aircraft have weakened due to the heavy competition in this sector from India and Singapore.
While releasing latest data in this regard the Central Bank of Sri Lanka says though the charges in this sector are high both these sectors had shown a decline last July.
Due to this reason, Sri Lanka’s petroleum products exports in July 2014 has decreased by 6.6 percent and earned a profit of USD 28.3 million compared to the same period last year.
While Sri Lanka considers that there are great opportunities to develop the ship bunkering industry at Hambantota, a new fuel tank system too was declared open last June.
There are 14 fuel tanks in this system eight among these are being used by the Sri Lanka Ports Authority for ship bunkering. Three have been obtained on lease by the Ceylon Petroleum Corporation to supply aviation fuel for aircraft.
Hence, it is crucial that Sri Lanka provides a very cost effective service in this industry due to the stiff competition by India and Singapore.
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Emirates, a global connector of people and places has announced that it will introduce a fifth daily flight between Dubai and Singapore starting 1 August 2014.
When Emirates’ full schedule of flights resumes by end July, this will bring the airline’s total number of flights between the two cities to 35 a week, with 28 non-stop services and seven flights via Colombo, in addition to Emirates’ daily services from Singapore to Brisbane and Melbourne.
“The introduction of our fifth daily service between Dubai and Singapore is a reflection of the growing passenger demand for flights between these two important global business, trade and tourism hubs. The increased frequency will give our customers greater flexibility in their travel plans allowing them to connect seamlessly to other flights on Emirates’ extensive global network,” said Barry Brown, Emirates’ Divisional Senior Vice President, Commercial Operations East.
“Emirates began flights to Singapore in 1990 and this extra service demonstrates our commitment to this market and the importance of Singapore to our global network,” Brown added.
Singapore remains an important gateway in the Far East & Australasia region for Emirates, connecting passengers to Melbourne, Brisbane, Colombo and Dubai, and onward to 35 destinations in Europe, nine destinations in the United States, more than 20 destinations in Africa along with connections across the Middle East.
Emirates will operate a 364-seat Boeing 777-300, with 12 First Class seats, 42 Business Class seats and 310 Economy Class seats, for this additional Dubai – Singapore non-stop service.
Flight EK352 will depart Dubai daily at 2115hrs (local time) and arrive in Singapore at 0900hrs the next day (local time). The return flight, EK 353 will depart Singapore daily at 1035hrs (local time) and arrive in Dubai at 1345hrs (local time).
In addition to passengers, Emirates SkyCargo will operate belly hold cargo space to help transport goods such as ship spare parts, mobile phones and various other electronic goods to and from Singapore.
This year, Emirates has already introduced services to Kiev, Taipei and Boston and has announced the start of services to Abuja and Kano, Nigeria (1 August); Chicago, USA (5 August); Oslo, Norway (2 September) and Brussels, Belgium (5 September).
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