by Our Correspondent in Colombo The United States has pledged a $17 million grant to help modernise digital systems at Sri Lanka’s Port of Colombo, signalling renewed bilateral cooperation on trade infrastructure
Sri Lankan President Anura Kumara Dissanayake has appointed Dr. Mahinda Parakrama Dissanayake as Presidential Advisor on Maritime, Ports and Logistics, strengthening the government’s focus on revitalising one of the country’s most strategically
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The Port of Colombo recorded its highest-ever annual container throughput in 2025, handling 8,291,178 TEUs and setting a new benchmark in its operational history. The achievement builds on a strong performance in
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Maersk, the world’s largest container shipping company, announced plans to resume navigation through the Red Sea and the Suez Canal as soon as conditions permit, CEO Vincent Clerc said on Tuesday. The
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by Our Economic Affairs Editor Between 2015 and 2025, the Mediterranean Shipping Company’s global rise unfolded alongside an accumulation of environmental crises, safety lapses, and governance failures that now define a decade
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Hambantota International Port (HIP) has reported a remarkable surge in cargo volumes, reaching over 6 million metric tons by September 2025, representing a 151 percent increase compared to the same period last
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Colombo Dockyard PLC (CDPLC) has signed a major shipbuilding contract with Orange Marine of France to construct two state-of-the-art cable laying and repair vessels, marking the largest shipbuilding contract in the company’s
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Traffic through Egypt’s Suez Canal has jumped by more than 10% in recent months, local authorities said, reflecting renewed shipping confidence following the Gaza peace summit. Between July and October, a total
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In a swift and decisive operation, the Sri Lanka Navy successfully rescued all 14 crew members of the Merchant Vessel (MV) INTEGRITY STAR, which was reported in distress due to engine failure
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The International Maritime Organization’s (IMO) Extraordinary Session of the Marine Environment Protection Committee (MEPC), held from 14 to 17 October 2025 in London, concluded without agreement on the proposed Net-Zero Framework for
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China’s Jiaolong manned submersible has carried out the world’s first joint underwater operation with a remotely operated vehicle (ROV) in the Arctic Ocean, the China Media Group (CMG) reported on Saturday. The
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China’s push into the Northern Sea Route (NSR)—the Arctic shipping lane stretching along Russia’s northern coast—has reignited debate over the safety, environmental impact, and commercial viability of the high-latitude shortcut. While the
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X-Press Feeders, the former operator of the ill-fated container ship X-Press Pearl, has announced it is pausing payouts tied to what is now recognized as Sri Lanka’s largest environmental disaster. The decision
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by Our Economic Affairs Editor The annual Container Port Performance Index issued by the World Bank yesterday offers a blunt reminder of how fragile, yet indispensable, the global maritime system has become.
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From the time of Sir Hugh Willoughby, the Tudor adventurer whose life ended in the frozen wastes of northern Russia, brave men have perished attempting to establish a trading route to China
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Hong Kong tycoon Li Ka-shing’s CK Hutchison Holdings is facing mounting legal and geopolitical pressure as the Panamanian government moves to challenge the legitimacy of its long-standing ports contract, prompting concerns over
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