by Asiri Fernando in the Daily Morning, Sept 17, 2023The Chinese geophysical and seismic scientific research vessel Shi Yan 6 (IMO: 9904247) has commenced its 80-day expedition into the Indian Ocean and was enroute to the Malacca Strait yesterday (16) evening, despite Colombo not yet having granted diplomatic permission for the vessel to call port or carry out a planned joint survey in the waters surrounding the island, The Sunday Morning learns. According to Foreign…
Posts tagged as “Ocean”
By Asiri Fernando in The Daily Morning, Sept 15, 2023Sri Lanka will discuss a “code of conduct” for the Indian Ocean at the upcoming 23rd Council of Ministers Meeting of the Indian Ocean Rim Association (IORA) scheduled to kick off on 11 October, Minister of Foreign Affairs President’s Counsel M.U.M. Ali Sabry said yesterday (14). Sri Lanka is set to take up the chairpersonship of the Indian Ocean regional body for the second time in…
Bloomberg report in The Daily FT, Dec 31, 2022Debt restructuring has become an exhausting exercise for troubled nations as bilateral creditors bicker and some investors mount legal challengesBloomberg: In May, Sri Lanka defaulted on its overseas debt. Amid political upheaval and human suffering, the Indian Ocean island is still awaiting a $ 2.9 billion rescue by the International Monetary Fund. Lacking resources to buy even essentials like fuel, the economy is falling into an ever-deepening…