News
Nimal Siripala pushes for more seagoing jobs
Ports, Shipping and Aviation Minister Nimal Siripala de Silva says that although Sri Lanka is an island nation the number of seafarers and people engaged in employment in the maritime sector by Lankans is less 0.1 percent.
Addressing the 56th Annual General Meeting of Ceylon Association of Shipping Agents in Colombo last Wednesday (14), the Minister said: “Sri Lanka being an island nation, we would have diverted young people of Sri Lanka towards Maritime employment opportunities. If you take Philippines, 10 percent of their foreign employment is in the Maritime field which draws large amount of foreign currency to Philippines.”
He said: Our Government and my Ministry has launched an ambitious program to train more seafarers and engineers, craftsman to be employed in the ships. I seek your assistance and also the shipowner’s assistance to absorb more cadets from Sri Lanka which would help us to train more youth in the maritime field and provide them with secure employment.
Sri Lanka moving its way into the top ranks of global sea ports by volume and growth, it is a joint effort of public bodies like SLPA and private organizations collaborating in order to bring international best practices to the industry. With the recent changes in policy, and through the collaboration of experts from both public and private sector bodies like CASA working on the existing issues together, there is a limitless potential for Sri Lanka to be a maritime hub in the region.
Given that 90% of the world trade is transported through oceans, the shipping field is a key factor in the growth of many country economies including Sri Lanka. With the international trade is increasing globally I am sure your role is crucial in the years to come. Considering the fact that Port of Colombo (POC) was ranked as the 15th connected Port, we invite the world shipping lines to consider more transshipment at POC. The cargo that is brought to POC can
be easily connected to the Indian Ports, Africa, Bangladesh, Maldives and Far East. Such service may also provide a competitive price for them. CASA could be the voice of being the brand ambassador in promoting the Port of Colombo as a Transshipment Hub and thereby contribute to the uplift of the growth.
Apart from port infrastructure we identify the need to develop our ancillary services to move forward in the concept of a hub. A successful hub port requires the full range of ancillary port and marine services at competitive prices in order to be attractive to mainline and feeder operators, casual callers and attracting vessels specifically for services even without cargo operations.”
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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