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
In 2024, 128 major maritime construction projects were launched globally, with a total investment of approximately $52.63 billion. The combined cost of the ten most expensive projects alone reached around $26 billion,
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A catastrophic maritime incident unfolded on March 10 in the North Sea as the U.S.-registered oil tanker MV Stena Immaculate and the Portuguese-flagged cargo vessel MV Solong collided off the coast of
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A catastrophic collision between a container ship and an oil tanker in the North Sea has triggered fears of a major environmental disaster, as emergency crews race to contain the fire and
More Shares in Clarksons, the world’s largest shipbroking company, plummeted by more than 20% on Monday following a warning that rising geopolitical tensions are negatively impacting shipping deals. The London-listed company reported in
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President Donald Trump has developed an intense focus on shipbuilding, even texting about rust issues late into the night, according to John Phelan, his nominee for Navy secretary. He has also floated
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In a significant development in global trade and investment, BlackRock announced on Tuesday that it has agreed to acquire two ports serving the Panama Canal from Hong Kong’s CK Hutchinson. This move
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Sri Lanka’s maritime destiny has long been forged by pragmatic decision-making and visionary leadership. For decades, the Sri Lanka Navy (SLN) has balanced long-term national interests with the pressing demands of technology,
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The International Maritime Organization (IMO) has taken a significant step toward ensuring the safe operation of ships powered by alternative fuels and new technologies by finalizing draft interim guidelines for seafarer training.
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Three oil tankers have sustained blast damage in the Mediterranean over the past month, shipping and security sources revealed to Reuters. These incidents mark a rare occurrence, as non-military vessels have not
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Introduction Marine Scientific Research (MSR) is a crucial activity for countries like Sri Lanka, especially as the Indian Ocean grows in strategic and scientific importance. However, there are challenges in balancing the
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A rare and remarkable discovery has been made off the coast of Tenerife, where the elusive black seadevil, a deep-sea predator known for its bioluminescent lure and haunting appearance, has been filmed
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DP World has announced a record-breaking performance in 2024, handling an unprecedented 88.3 million twenty-foot equivalent units (TEUs) across its global ports and terminals. This marks an 8.3% year-on-year increase, despite macroeconomic
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The International Maritime Organization (IMO) has taken a significant step in the fight against marine plastic pollution with the approval of a draft 2025 Action Plan to Address Marine Plastic Litter from
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DP World and NSW Ports have announced a significant investment aimed at transforming the logistics capabilities of Port Botany in Sydney, with the goal of enhancing its status as a key hub
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DP World, the renowned global leader in logistics and trade, is breaking new ground by launching a transformative initiative aimed at modernizing cross-border payment systems. Partnering with global financial institutions and leading
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