Logistics in Sri Lanka > News > Strengthening maritime arm with acquisition of Sri Lanka Shipping Company

Strengthening maritime arm with acquisition of Sri Lanka Shipping Company

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Published on Wednesday 23rd August, 2017 at 6:04 am by Advantis Editorial Team

In a bid to further strengthen its maritime arm, Hayleys Advantis Limited has acquired Sri Lanka Shipping Company Limited, making one of the largest investments in the history of the company.  This acquisition goes in line with the logistics giants focus on expanding their maritime operations and paves the way for the establishment of the largest marine and shipping company in Sri Lanka. The agreement between the two companies was signed by the Chairman of Hayleys PLC Mr. Mohan Pandithage and the outgoing Chairman of Sri Lanka Shipping Company Limited Capt. Lester Weinman.

Commenting on this acquisition Mr. Pandithage said, “It’s a proud moment for us to bring on board this prestigious company with a heritage of over six decades. Hayleys Advantis has always been at the forefront of the logistics industry and I’m happy to see the company growing further. This latest acquisition strengthens our logistics capabilities whilst expanding our maritime operations thus allowing us to better cater to our clients’ needs.”

The Managing Director of Hayleys Advantis Limited Mr. Ruwan Waidyaratne said, “As one of the pioneering marine and shipping companies in the country, Hayleys Advantis has lifted the bar year on year, backed by a capable and experienced team to strengthen our position and better serve our clients. I’m truly proud to welcome aboard the team of Sri Lanka Shipping who will add to our strength and double our experience and depth of knowledge. We look forward to serving our clients with the joint strength of the two companies in future.”

Since its establishment in 1956, Sri Lanka Shipping Company has grown in stature and currently owns the largest shipping fleet in the country, which includes cement carriers, tugs, barges, supply vessels and motor launches. The company is well known for its shipping and marine capabilities and is recognized internationally as a leading tug operator in the region particularly for ocean towage, salvage and related off-shore maritime services. The company also owns and operates the largest salvage tug in the region.

Hayleys Advantis is Sri Lanka’s most diversified transportation and logistics provider with nearly six decades of experience and operations spread across the Asian region. Backed by the blue chip conglomerate Hayleys PLC, Advantis is at the forefront of the logistics industry providing end-to-end solutions covering air, land and sea. It is committed towards being an innovator in the industry, setting the pace and shaping the logistics category.