Oct 22, 2016

Laugfs to buy 10 ships!

The Laugfs Group will buy 10 ships within a space of the next two and a half years to transport gas in the Indian Ocean region, says its chairman W.A.H. Wegapitiya.

The group is presently building, at Hambantota, the largest energy distribution centre in South Asia, he says.

Once its construction is completed in 2018, the centre will distribute gas for the entire region, says Wegapitiya.

He is the winner of the 2016 Ada Drerana Sri Lankan entrepreneur of the year.

He had a humble beginning, removing rust from ships at the Shipping Corporation, and then starting his own business in customs clearance.