Current:Home > InvestSri Lanka is allowing a Chinese research ship to dock as neighboring India’s security concerns grow -FutureProof Finance
Sri Lanka is allowing a Chinese research ship to dock as neighboring India’s security concerns grow
View
Date:2025-04-14 14:58:29
COLOMBO, Sri Lanka (AP) — A Chinese research ship will be allowed to dock at a Sri Lankan port this week, likely adding to neighboring India’s concerns about China’s growing influence in the Indian Ocean.
The arrival of the Shi Yan 6 follows last year’s visit by a Chinese naval vessel.
The latest ship has been given permission to dock for replenishment at the port of Colombo, the Indian Ocean island’s main port, from Wednesday until Oct. 28, said foreign ministry spokesman Kapila Fonseka.
The vessel had been expected to conduct research with Sri Lankan state institutions, but Fonseka said permission was granted only for replenishment and no research work would be carried out.
“The particular permission is very clear,” he said.
According to Chinese television network CGTN, Shi Yan 6 is a geophysical scientific research vessel on an expeditionary voyage in the eastern area of the Indian Ocean.
Organized by the South China Sea Institute of Oceanology under the Chinese Academy of Sciences, the vessel is scheduled to operate at sea for 80 days, covering a range of more than 12,000 nautical miles (roughly 22,200 kilometres), CGTN reported.
China has been trying to expand its influence in Sri Lanka, which is located on one of the world’s busiest shipping routes in what India considers part of its strategic backyard.
Beijing was once widely seen as having an upper hand with its free-flowing loans and infrastructure investments. But Sri Lanka’s economic collapse last year provided an opportunity for India as New Delhi stepped in with massive financial and material assistance.
Two weeks ago, Sri Lanka reached an agreement with Export-Import Bank of China on key terms and principles for restructuring its debt, an important step toward unlocking a second installment of a $2.9 billion package from the International Monetary Fund aimed at helping the island nation from its dire economic crisis.
Sri Lanka declared bankruptcy in April 2022 with more than $83 billion in debt, more than half to foreign creditors. China accounts for about 10% of Sri Lanka’s loans, trailing Japan and the Asian Development Bank.
Sri Lanka borrowed heavily from China over the past decade for infrastructure projects including a seaport, airport and a city being built on reclaimed land. The projects failed to earn enough revenue to pay for the loans, and in 2017, Sri Lanka leased the seaport in Hambantota to China.
Last year, Chinese navy vessel Yuan Wang 5 docked at Hambantota in southern Sri Lanka. There were fears in India that the vessel could be used to surveil the region.
veryGood! (87)
Related
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Vanna White sends tearful farewell to Pat Sajak on 'Wheel of Fortune': 'I love you, Pat!'
- There are thousands of tons of plastic floating in the oceans. One group trying to collect it just got a boost.
- Financiers plan to launch a Texas-based stock exchange
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Biden warns about price of unchecked tyranny as he vows to continue to help Ukraine
- Financiers plan to launch a Texas-based stock exchange
- Chiefs cancel OTA session after player suffers 'medical emergency' in team meeting
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Camera catches pilot landing helicopter on nesting site of protected birds in Florida
Ranking
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Halsey reveals private health battle in The End, first song off new album
- Woman wanted in triple killing investigation in Virginia taken into custody in upstate New York
- Virginia authorities search for woman wanted in deaths of her 3 roommates
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Padma Lakshmi Debuts Lingerie Collection, Choosing Comfort First: “My Mood Is More Important Than My Ass”
- Cleveland woman indicted for fatal stabbing of 3-year-old at Giant Eagle, video released
- What to look for the in the Labor Department's May jobs report
Recommendation
Spooky or not? Some Choa Chu Kang residents say community garden resembles cemetery
Minnesota Vikings unveil 'Winter Warrior' alternate uniforms as 'coldest uniform' in NFL
France's First Lady Brigitte Macron Breaks Royal Protocol During Meeting With Queen Camilla
Woman wanted in triple killing investigation in Virginia taken into custody in upstate New York
Tree trimmer dead after getting caught in wood chipper at Florida town hall
Top baby names 2024: Solar eclipse, women athletes inspire parents, Baby Center data shows
Diana Ross, Eminem perform in Detroit for historic Michigan Central Station reopening
Massachusetts House approves sweeping housing bill