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Iran seizes oil tanker St Nikolas near Oman

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(file image) Iran has warned it would respond to the US seizure of the same vessel, which previously sailed under the name Suez Rajan, last year (BBC)

Iran has seized a Marshall Islands-flagged oil tanker in the Gulf of Oman.

Armed men wearing masks reportedly boarded the vessel St Nikolas, close to the Omani port of Sohar, and ordered it to sail to an Iranian port.

Iranian state media, quoting the navy, said the seizure was in retaliation for the ship and oil it had aboard being confiscated by the US last year.

The St Nikolas was in transit between the Iraqi port of Basra and its intended destination in Turkey.

UK Maritime Trade Operations said on Thursday it had received a report that four to five “unauthorised persons”, reportedly wearing “military style black uniforms with black masks”, had boarded the ship at 03:30 GMT. They added that communications with the vessel had been lost and the authorities were investigating. Iranian state media quoted the army as saying the vessel is American, although it is Greek-owned.

The company that manages it, Empire Navigation, said it was loaded with 145,000 tonnes of crude oil and was carrying 18 Filipinos and one Greek citizen as crew.

The St Nikolas was seized in April by the US under its previous name, the Suez Rajan, as part of sanctions enforcement against Iran. Suez Rajan Limited, which formerly chartered the ship, later pleaded guilty to conspiring to violate sanctions by covertly selling and transporting oil abroad on behalf of Iran.

The US has called for the immediate release of the vessel and its crew, describing the seizure as the latest attempt by Iran to disrupt international commerce. “We believe this kind of action will simply add uncertainty for commercial shipping and for regional and global economies,” said US State Department spokesman Vedant Patel.

Gulf of Oman map

This latest act appears to be separate from attacks carried out by Houthi rebels from Yemen in the Red Sea on the opposite side of the Arabian peninsula.

Thursday’s incident was in a different ocean from the Houthis’ usual area of operations – where they have been attacking any ships they suspect of being linked to Israel in retaliation for the country’s actions in Gaza.

The US and UK have hinted they would take military action against Yemen’s Houthi rebels following the largest attack yet.

Carrier-based jets and warships shot down 21 drones and missiles launched by the Iran-backed group on Tuesday night.

The UN Security Council passed a resolution on Wednesday demanding an immediate end to the Houthi attacks.

(BBC)



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ComBank unveils new Corporate Branch at Head Office

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Commercial Bank Managing Director/CEO, Sanath Manatunge, Chief Operating Officer S. Prabagar, Deputy General Manager – Corporate Banking Hasrath Munasinghe, Corporate Branch Chief Manager -Ruvini Samarasinghe and representatives of the Bank’s corporate and senior management at the opening of the new Corporate Branch

The Commercial Bank of Ceylon has transformed its iconic ‘Foreign Branch’ into the ‘Corporate Branch,’ reaffirming its commitment to delivering dedicated, comprehensive financial solutions to corporate and trade customers.

The Bank said this transformation represents a new milestone in its illustrious journey, and resonates with the rich commercial heritage of Colombo, a city that has long served as a vital trading hub in the region.

Strategically located at the Bank’s Head Office at Commercial House, 21, Sir Razeek Fareed Mawatha (Bristol Street), Colombo 1, this rebranded Corporate Branch stands as a first of its kind in Sri Lanka —a premier financial hub tailored exclusively to the needs of corporate customers, the Bank said. The transformation aligns with the Bank’s vision of providing unparalleled service excellence, bespoke financial solutions, and fostering long-term business partnerships.

Commenting on this strategic initiative, Commercial Bank’s Managing Director/CEO Sanath Manatunge stated: “It is our aspiration that just as the historic Delft Gateway, at which our Head Office is located, once opened the path to the Dutch Fort, our Corporate Branch will chart a new era of enduring and prosperous business collaborations, that will extend beyond Sri Lanka’s shores.”

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Fits Retail and Abans PLC Unveil Exclusive DeLonghi Premium Coffee Experience

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The iconic DeLonghi coffee machines at Abans showroom

Fits Retail has partnered with retail giant Abans PLC to showcase the iconic DeLonghi coffee machines at two of Colombo’s most prestigious locations: Abans Elite Colombo 3 and Abans Havelock City Mall showrooms.

At these dedicated demonstration zones, visitors can discover the unparalleled precision engineering and user-friendly technology that have made DeLonghi machines the preferred choice for discerning coffee lovers in more than 46 countries worldwide. Renowned for consistently delivering café-quality espresso, cappuccino, and even specialty cold brews, DeLonghi machines exemplify Italian innovation at its finest.

Yasas Kodituwakku, CEO of Fits Retail, expressed excitement about the collaboration: “This partnership represents our unwavering commitment to bringing global coffee excellence to Sri Lankan connoisseurs. With Abans PLC, we’re creating more than just demonstration spaces; we’re curating premium destinations for an authentic coffee experience.”

“As pioneers of premium lifestyle experiences in Sri Lanka, our collaboration with Fits Retail aligns seamlessly with our vision of elevating everyday moments into exceptional experiences,” said Tanaz Pestonjee, Director Business Development at Abans PLC.

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Members’ Night of the Sri Lanka – Russia Business Council of The Ceylon Chamber of Commerce

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Participants at the Members’ Night

The Sri Lanka-Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce (CCC) hosted a Members’ Night on March 27, at the Sophia Colombo City Hotel. The event, attended by His Excellency Levan S. Dzhagaryan, Ambassador of Russia to Sri Lanka, offered a valuable platform for business leaders, embassy officials, and Members to discuss and explore opportunities for deeper Sri Lanka-Russia collaboration, a CCC news release said.

SLRBC President, Mr. Jude Fernando, kicked off the evening with a speech highlighting the importance of strengthening international ties, which was followed by H.E. Dzhagaryan’s address on the need for continued engagement between the two countries. The event featured networking opportunities, allowing Members to connect with key stakeholders and discuss future business ventures, followed by a delightful dinner.

The event was made possible with the generous support of sponsors, including OCEAN 7 Logistics (Pvt) Ltd, Bally/Walkers Tours, Fibre cement associations, Ceylon Fresh Teas, SCANWELL Logistics, Regency Teas, Shan Teas, and others, whose contributions were key to its success.

The SLRBC is committed to further facilitating trade and cultural exchange between Sri Lanka and Russia, continuing to foster stronger business relationships.

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