In a landmark ruling today, Sri Lanka’s Supreme Court has ordered the owners of the X‑Press Pearl cargo ship to pay USD 1 billion in compensation for the massive environmental and economic damage caused by the ship’s fire and sinking off the coast of Colombo in May 2021. The court found the shipowners responsible for […]
Showcasing Sri Lankan Expertise in Shipbuilding Colombo Dockyards: Pioneers of Sri Lanka’s Shipbuilding Industry Nestled on the southwestern shores of Sri Lanka, Colombo Dockyards has long been at the forefront of the nation’s maritime industry. As the oldest and largest shipbuilding facility in Sri Lanka, Colombo Dockyards is a subsidiary of Onomichi Dockyard Company Ltd […]
Sri Lanka is on the brink of an economic transformation with the development of Colombo Port City, an ambitious mega-project set to redefine the nation’s financial, real estate, and tourism industries. Positioned as a strategic global investment hub, this cutting-edge smart city is expected to propel Sri Lanka onto the world stage, attracting investors, businesses, […]
