News
Increase in number of European cruise ships calling at H’tota port
Hambantota International Port (HIP) has experienced a modest increase in the number of cruise ship arrivals in 2024, marking a significant shift in the origin of vessels calling at the port, HIP said in a press release issued yesterday (24).
While there was a noticeable decline in cruise ships originating from the Indian subcontinent, the port saw a substantial rise in ships arriving from Europe. Of the 23 cruise ships that called at HIP during the year, only six were from India, compared to 17 liners from Europe, according to the statement.
The following is the text of the statement: “The last three cruise liners to call at HIP in 2024 highlighted the diversity and reach of the port’s growing reputation. Mv. Azamara Pursuit, part of the Azamara Cruise Line fleet based in Miami, Florida, made her inaugural visit to HIP in early December. Although this was the first time for Azamara Pursuit, the port had previously welcomed her sister ships: Azamara Quest and Azamara Journey in May and November 2023, respectively, and Azamara Onward in April. After her stay at HIP, Azamara Pursuit departed for Phuket, her next destination. Azamara Line’s local agent, Prudential Shipping, played a pivotal role in facilitating 10 cruise liner calls to the port this year.
The other two passenger liners closing out the year were Mv. Celebrity Millennium, also managed by Prudential Shipping and Mv. Silver Whisper, represented by Colombo Shipping, another key partner of the port. Both vessels berthed at HIP on 13th December before departing for their next destinations, completing a busy and successful cruise calendar for 2024.
Commenting on the year’s performance, Wilson Qu, CEO of Hambantota International Port Group, said, “The cruise industry’s evolving dynamics reflect a renewed interest in diverse and unique destinations like HIP. In 2024, we observed a strong trend of European vessels exploring South Asia, which underlines the growing demand for culturally rich and off-the-beaten-path destinations. We anticipate this momentum to continue in 2025, with an upward movement in arrivals not only from Europe but also a resurgence from the Indian subcontinent. This aligns with broader industry trends indicating a robust recovery in cruise tourism, fuelled by pent-up demand and increased consumer confidence.”
Looking ahead, HIP is poised for even greater success in 2025, with higher numbers of cruise liners expected to visit. The port’s strategic focus on enhancing its facilities, streamlining operations, and fostering strong partnerships with shipping agents positions it as a key player in the region’s cruise tourism landscape. As the global cruise industry continues to rebound and evolve, Hambantota International Port aims to solidify its reputation as a premier destination for luxury liners, offering unparalleled service and unique experiences for travellers worldwide.”
News
Sri Lanka, India caught in US-Iran ship crisis
By Shamindra Ferdinando
Iran has sought the Indian intervention, at the highest level, to provide lifesaving support to the crews of empty Iranian vessels stranded just outside Sri Lanka’s 12-nautical mile territorial waters off Galle.
Sources familiar with the issue said that Iran had brought the developing situation to the attention of New Delhi as the crews of almost 20 vessels, included Indian nationals. Sources stressed that the group of vessels that unloaded crude oil a couple of months back were now stranded within Sri Lanka’s Exclusive Economic Zone (EEZ).
The US Navy torpedoed an unarmed Iran frigate, returning from India, on 04 March, 2026, about 19 nautical miles off the Galle coast. The unprovoked attack killed nearly 100 Iranians.
The Iranian Embassy in Colombo has inquired from the Indian High Commission of their response to the situation, sources said. The US has issued a global warning against providing food, water, medicine and other services to the Iranian vessels. The outcome of Iran-India talks on the issue at hand was not known, though sources asserted India may not throw its weight behind Iranian efforts to address the issue.
Responding to The Island queries, sources said both Sri Lanka and India were in a dilemma due to the US warning. India couldn’t ignore the plight of the Indian crew members and the Iranian vessels in its backyard.
The Sri Lankan government remains tight-lipped about the vessels stranded in its EEZ. Our efforts to elicit a response from relevant authorities were in vain. In addition to Indians, there are Bangladeshis among the crew members. Iran has explicitly stated the responsibilities of the countries concerned to provide assistance in terms of international law.
The Iranian position was articulated by its Ambassador to Sri Lanka, Dr.Alireza Delkhosh, recently. In a special statement, Ambassador Delkhosh emphasised that in terms of the Convention on the Law of the Sea (Article 98) as well as SOLAS and SAR
Conventions, Sri Lanka couldn’t refrain from providing the needs of the Iranian vessels stranded in its EEZ.
SLMC leader Rauff Hakeem lambasted the NPP government in Parliament for failing to provide assistance to the Iranian ships. The former Minister alleged that the government was simply carrying out dictates of the US. He strongly criticised the way Foreign Minister Vijitha Herath was handling the issue.
News
Namal further remanded
MP Namal Rajapaksa, who is in remand custody over the controversial Airbus deal, was further remanded until October 27 by the Colombo Magistrate’s Court yesterday (13).
Colombo Chief Magistrate Asanga S. Bodaragama made the order after considering submissions by officers of the Commission to Investigate Allegations of Bribery or Corruption and lawyers representing Rajapaksa.
News
IMF projects Lankan economic growth to moderate amidst mounting global uncertainties
Sri Lanka’s economy is expected to sustain its recovery over the next two years, although growth is projected to moderate amid mounting global uncertainties, according to the International Monetary Fund’s (IMF) latest World Economic Outlook.
In its World Economic Outlook 2026: Resilience Under Strain, Urgent Choices, the IMF projects Sri Lanka’s economy to expand by 4% in 2026, slowing to 3.7% in 2027, following estimated growth of 5% in 2025.
Inflation, meanwhile, is forecast to rise to 5.3% in 2026 and 5.4% in 2027, reversing the average deflation rate of 0.5% recorded in 2025.
Unemployment is expected to remain steady at 3.9% throughout the forecast period.
The projections come amid growing pressure on the global economy from the ongoing conflict in the Middle East, elevated energy prices, geopolitical tensions and trade disruptions.
Sri Lanka’s external position is also expected to weaken, with the current account balance projected to shift from a surplus of 1.6% of gross domestic product (GDP) in 2025 to deficits of 0.5% in 2026 and 0.3% in 2027.
The IMF’s outlook points to continued economic expansion in Sri Lanka, but with slower growth, rising inflation and a narrowing external surplus giving way to current account deficits over the forecast period.
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