Ceylon Shipping Lines had been given a monopoly to transport crude and coal. The energy utilities tender for the fuel free on board (FOB) without freight.
Two 63,000 dead weight ton bulk carriers are expected to be delivered in 2015 and 2016,a state firm coming under the power ministry. Their purchase is being financed by a loan from state-run People's Bank.
CSL has been transporting coal for Lanka Coal Company (Pvt) Ltd, using contracted foreign ships since 2010.Until the shipping line has sufficient capacity it will be given a commission of about a one US dollar per tonne for freight (about 5 percent freight charge) contracted from third party carriers.
The new vessels will also be used to train cadets from Sri Lanka's maritime academies.
Sri Lanka's state transport utilities on road, rail and the air have been making big losses and have drawn criticism for their heavy burden on tax payers.