Sri Lanka and India are close to finalizing a $61 million agreement to develop the Kankesanthurai port in Northern Province, enhancing economic cooperation. This strategic port’s rehabilitation is essential for revitalizing trade and tourism in the historically underserved region, signaling India’s growing role in Sri Lanka’s infrastructure development.
Nippon Yusen Kabushiki Kaisha (NYK Line) and the Port of Duqm Company have signed a memorandum of understanding at the Duqm Economic Forum 2025. This collaboration aims to enhance port development and connectivity, focusing on the green steel industry and sustainable transportation solutions, leveraging Oman’s renewable energy potential.
A new Sustainable Maritime Transport Centre will be established in Powai, Mumbai, under BIMSTEC, as announced by Union Minister Sarbananda Sonowal during the second BIMSTEC Ports Conclave. This centre aims to implement the Maritime Transport Cooperation Agreement, enhancing maritime policies, digital transformations, and workforce skills to boost trade and connectivity in the Bay of Bengal.
