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Colombo Dockyard signs major shipbuilding contract

November 06, 2025

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Daily FT

To build two cable laying and repair vessels for Orange Marine

Colombo Dockyard signs major shipbuilding contract

COLOMBO Dockyard PLC (CDPLC), has secured another repeat vessels contract to build two Cable Laying and Repair Vessels to one the prestigious cable ship operators, Orange Marine.

Incidentally this is the largest shipbuilding contract CDPLC has ever signed in the history of the Company.

Orange Marine is a French company specialising in the field of submarine telecommunications, from the initial design, engineering, to installation of intercontinental and regional links, and maintenance of existing cables. The Orange Marine’s fleet is one of the most experienced in the world and represents 12% of the world cableships fleet.

The contract signing was held in Colombo recently and Orange Marine President/ CEO Didier Dillard signed the contracts in the presence of Ships Technical Director Med Marine Base Director Emmanuel Décugis. Also Ambassador Rémi Lambert, Deputy Head of Mission Matthieu John, and Embassy of France Economic Counsellor Philippe Fouet, were present to give their blessings to the project.

المزيد من القصص من Daily FT

Daily FT

Daily FT

Govt. slaps $ 27 m penalty over substandard coal shipments so far

DEPUTY Energy Minister Arkam Ilyas yesterday announced that the Government has imposed penalties amounting to $ 27 million on the first 15 coal shipments received under a long-term supply contract after laboratory tests found the imported coal failed to meet required specification.

time to read

1 mins

May 20, 2026

Daily FT

President calls for unity and equal nationhood at War Heroes' commemoration

PRESIDENT Anura Kumara Dissanayake yesterday used the 17th National War Heroes' Day Commemoration to deliver a broad message of national unity, equal citizenship and post-war reconciliation, while calling on Sri Lankans to reject racism, extremism and divisive politics.

time to read

2 mins

May 20, 2026

Daily FT

Witness Sports Alliance LLC undertakes ownership of Colombo Kaps

Ahead of Lanka Premier League Season 6

time to read

1 mins

May 20, 2026

Daily FT

Daily FT

NZ ‘A’ unofficial WODI series an eye-opener for selectors, coaches

Women's cricket chief selector expects tough WT20I series

time to read

3 mins

May 20, 2026

Daily FT

Daily FT

JAECOO J7 PHEV achieves five-star ratings in both Euro NCAP and Australasian NCAP safety assessments

HAYLEYS MOBILITY has announced that the JAECOO J7 PHEV has achieved the highest possible five-star rating in both the 2025 Euro NCAP and Australasian NCAP (ANCAP) assessments, excelling across all key categories, including adult and child occupant protection, vulnerable road user safety, and advanced safety assist systems.

time to read

1 mins

May 20, 2026

Daily FT

Daily FT

Lankan Women Parliamentarians’ Caucus visits India

A 19-member delegation of the Women Parliamentarians’ Caucus of Sri Lanka, led by Sri Lanka Women and Child Affairs Minister Saroja Savithri Paulraj visited India from 10 to 16 May.

time to read

1 mins

May 20, 2026

Daily FT

Daily FT

CG Corp Global Chairman Dr. Binod Chaudhary visits Union Bank's newest Digital Zone

NEPAL and Asia’s business visionary CG Corp Global Chairman Dr. Binod Chaudhary recently made an official visit to Union Bank’s newly established premier Digital Zone located at the VFS Global Centre in Colombo.

time to read

1 min

May 20, 2026

Daily FT

Daily FT

Secondary Bond market yields spike ahead of weekly T-Bills auction

THE secondary Bond market yesterday turned bearish and saw rates increase for the second consecutive day.

time to read

2 mins

May 20, 2026

Daily FT

Daily FT

A structural overview

Integrated Risk Management Framework - The table provides a structured framework for managing ten psycho-behavioural red flags associated with potential fraud risk in financial institutions.

time to read

1 min

May 20, 2026

Daily FT

Controversial IRD Bill passes with penal provisions

PARLIAMENT yesterday passed the controversial Inland Revenue (Amendment) Bill with amendments after the Government refused to withdraw penal provisions criminalising certain tax compliance failures, despite strong Opposition criticism and Supreme Court intervention on key clauses.

time to read

5 mins

May 20, 2026

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