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Charting progress: CASA's impact on crewing in Sri Lanka

Daily FT

|

September 01, 2025

From hidden potential to national priority: How Sri Lanka plans to triple its seafarer workforce and create a $ 1.5 b maritime industry

SRI Lanka's crewing industry is undergoing a transformative revival, with ambitious plans to increase its seafarer workforce from 16,000 to 50,000 and grow the sector's economic contribution from $ 400 million to $ 1.5 billion within the next five years. Spearheading this movement is the Ceylon Association of Shipping Agents (CASA), the apex body of the country's maritime and logistics industry, now actively leading efforts to institutionalise crewing as a national priority.

While historically overshadowed by port and infrastructure matters, the crewing sector gained new momentum in 2022 when CASA was a key stakeholder driving this bold step of initiating a comprehensive study that eventually culminated in a national policy framework. This policy, developed over the course of a year with key industry stakeholders, outlines six core objectives that address growth, global branding, regulation, and international cooperation.

The six strategic objectives are:

■Workforce expansion: Triple the current number of seafarers to 50,000.

■Economic scaling: Increase sectoral contribution from $ 400 million to $ 1.5 billion.

■Global branding: Position Sri Lankan seafarers as a 'boutique' elite brand, globally recognised for excellence.

■Ideal candidate profiling: Ensure only top-tier recruits enter the profession, building global ambassadors.

■Training and regulatory reform: Modernise the training landscape and upgrade STCW compliance to suit contemporary vessel technologies.

■International engagement: Pursue global promotion, G2G agreements, and strategic MoUs.

CASA's reemerging leadership

FLERE HISTORIER FRA Daily FT

Daily FT

SEC eases Minimum Public Holding rules for listings via Introductions

Says move aimed at boosting market flexibility

time to read

3 mins

January 01, 2026

Daily FT

Govt. unveils National Electricity Policy in push for cost-reflective tariffs, reforms

Energy Ministry invites public consultations on or before 9 January Energy pricing, reforms crucial components of IMF EFF program

time to read

3 mins

January 01, 2026

Daily FT

Right of Reply: BPPE responds to PMAC over water contracts

BUSINESS Promoters & Partners Engineering Ltd., (BPPE) has issued the following Right of Reply to the artide headlined RTI exposes irregularities in SL water contracts involving Chinese SOES-PMAC calls for accountability and urgent probe into unsolicited bids and inflated costs published in the Daily FT on 29 November 2025:

time to read

1 min

January 01, 2026

Daily FT

Daily FT

Gangaramaya Temple City taking shape to be world-class tourist and cultural hub

Rs. 600 m initiative part of Colombo City Tourism Attraction Enhancement Program being implemented in collaboration with Western Province Governor, UDA, and Gangaramaya Temple/ Sri Jinarathana Adyapana Ayathana Palaka Sabhawa 550-seat performance hall, heritage galleries, exhibition spaces, and outdoor recreational areas designed to host cultural performances, educational workshops, and community events

time to read

2 mins

January 01, 2026

Daily FT

Daily FT

Staying competitive by transferring pay risks through performance-based compensation

MY interest in performance-based compensation in Sri Lanka heightened when combating the trickle-down effects of the Global Financial Crisis of 2008 and the end of the civil war in 2009.

time to read

9 mins

January 01, 2026

Daily FT

Sri Lanka needs more than transparency to break the cycle of corruption: University of London Economists

SRI Lanka will not escape another cycle of unsustainable public debt if it relies only on transparency and traditional “good governance” reforms without creating real pressure from actors who can enforce rules in their own interest, senior economists from SOAS University of London warned in Colombo last week.

time to read

9 mins

January 01, 2026

Daily FT

CCPI remains steady in December

HEADLINE inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI), remained steady in December 2025 for the second consecutive month.

time to read

1 mins

January 01, 2026

Daily FT

Daily FT

India doubles financial commitment to 3 housing projects in North and South

INDIAN has announced a doubling of financial commitment to three housing projects in the Northern and Southern Provinces.

time to read

2 mins

January 01, 2026

Daily FT

New CEO at Siyapatha Finance assumes office today

■Veteran Ananda Seneviratne concludes his tenure as Managing Director

time to read

2 mins

January 01, 2026

Daily FT

Daily FT

Rebranding Sri Lanka is a collective responsibility: Booking.com Regional Chief

BOOKING.COM Regional Head for South Asia Santosh Kumar said rebranding Sri Lanka and unlocking its next phase of economic growth will require a collective national effort that goes well beyond Government-led initiatives, stressing that recovery alone is not a long-term strategy for sustainable development.

time to read

2 mins

January 01, 2026

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