Friday, May 29, 2009

Sri Lanka sees chance in cheap ships

May 29, 2009 (LBO) - Sri Lanka could make use of the global slump in shipping to rebuild its national merchant fleet as ships without work are now going cheap, the island's navy chief Wasantha Karannagoda has said.

The end of the 25-year-old ethnic war gives the country an opportunity to revive its merchant navy, he said. Full text