🚢 Hayleys' Sri Lanka Shipping Co. Secures US$ 17.16 Mn SLPA Deal 📈

• Contract Overview: Hayleys PLC subsidiary, Sri Lanka Shipping Company Ltd., has secured a contract valued at US$ 17.16 Mn (excluding taxes and duties) to supply and lease two tug vessels to the Sri Lanka Ports Authority (SLPA) for a 5-year period. • Vessel Specifications: The agreement covers two 70-ton Bollard Pull (BP) Twin Azimuth Stern Drive port tugs to expand and maintain the authority's fleet capacity. • Procurement Details: Following initial Cabinet approval in January 2025, international competitive bids were called, yielding three submissions. Sri Lanka Shipping Co. was awarded the contract as the lowest responsive bidder upon recommendation by the High-Level Procurement Committee. • Sector Impact: The agreement boosts Sri Lanka's maritime & logistics sector, supporting national port infrastructure and operational efficiency for international vessel traffic.