Laugfs gets second LPG ship

Laugfs Maritime Services (Pvt) Limited; the fully owned logistic arm of Laugfs Gas PLC, got its second LPG ship to provide logistic support for the growing LPG demand in the country.

This comes as Laugfs celebrates its 20th anniversary this year, and marks another important milestone as it strives to expand its presence further across the region. Laugfs's maiden LPG ship MT Gas Challenger, with a capacity to carry 3,500 m/tons of LPG, was made one year ago marking its entry into the maritime business. The second ship with an investment of US $ 6 million, is named MT Gas Success, and has a capacity to carry 3,500 m/tons of LPG, which will increase the logistic capabilities of the company.

Laugfs Chairman, W. K. H. Wegapitiya said, "As a company that embodies a truly Sri Lankan identity, we have always focused on extending our horizons beyond national borders, carrying this identity to a regional and global sphere with our strategic business investments and interests." "Capitalizing on the location-specific advantage of being in the centre of the Indian Ocean, we will help to make Sri Lanka a energy logistic hub within the next three years.

Though we are an island nation surrounded by the Indian Ocean, and close to the international sea route, very little has been done to make our country a maritime hub. These vessels would not only cater to the domestic needs of Laugfs, but would also support regional demands"

Laugfs hopes to build the largest LPG storage facility within the Hambantota Port area, which would act as the central LPG storage hub for the entire region, from which the Laugfs vessels would deliver LPG to other markets in the South and South East Asian region.

Laugfs is one of the largest diversified business conglomerates and a trusted name in Sri Lanka. Founded in 1995, Laugfs Holdings today has expanded across 20 industries, establishing a strong presence as a leader and pioneer in the power and energy, retail, industrial, services, leisure and the real estate sectors in the country.

With over 4,000 employees and an annual turnover exceeding Rs.28 billion, Laugfs continues to expand, touching the lives of millions as a trusted Sri Lankan brand.