Lankapage Logo CP 18 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka Navy earns over US$ 20 million from OBST Operations
Thu, Feb 16, 2017, 11:46 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 16, Colombo: Sri Lanka Navy said it has earned the over US$ 20 million to-date, since taking over the duty of facilitating On-board Security Teams (OBST) 15 months ago.

The duty undertaken was an extension of maritime security operations in which the Navy got actively involved in keeping island waters safe and secure for maritime commons and freedom of navigation.

At the existing currency exchange rate, the earnings amount to a staggering Rs. 3 billion, through OBST operations from mid November 2015. The earnings had come from over 8,200 ship movements predominantly through Galle and Colombo operation centers. Accordingly, the Navy facilitates 550 OBST moves at an average earnings of approximately Rs. 200 million per month.

The Sri Lanka Navy took over OBST duties following a special directive by President Maithripala Sirisena. The earnings are directly deposited in the Consolidated Fund of the Government.

Sri Lanka Navy is responsible of receiving, storing and issuing of weapons, ammunition and equipment registered with foreign and local On-board Security Teams (OBST) who operate for merchant shipping companies.

 


ColomboPage - Recent 10 Stories ::
Ceylon Chamber seminar to discuss Implementation of WTO Trade Facilitation Agreement in Sri Lanka
-- [5 hours ago]
MP Wimal Weerawansa gives up hunger strike
-- [5 hours ago]
Sri Lanka's computer literacy rate highest in urban sector, lowest in Estates- report
-- [7 hours ago]
Sri Lanka Finance minister meets Commonwealth Secretary General
-- [8 hours ago]
India committed to strengthen skillset in Sri Lanka, increases number of scholarships
-- [8 hours ago]
Indian Navy chief says Indian fishermen are crossing maritime boundaries into Sri Lanka
-- [9 hours ago]
Missing Sri Lankan Journalist's wife Sandya Eknelygoda receives International Women of Courage award 2017 from US First Lady Melania Trump
Sri Lankan Prime Minister declares government’s full support for religious reconciliation
Sri Lankan President will not protect anyone found guilty of crimes not connected to national security
UAE Exchange partners with Sri Lanka's eZ Cash

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.