Current:Home > reviewsSri Lanka is allowing a Chinese research ship to dock as neighboring India’s security concerns grow -Edge Finance Strategies
Sri Lanka is allowing a Chinese research ship to dock as neighboring India’s security concerns grow
View
Date:2025-04-16 23:09:23
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! (9)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- When do New Hampshire primary polls open and close? Here's what time you can vote in Tuesday's 2024 election
- 23 skiers, snowboarders rescued from Vermont backcountry in deadly temperatures
- Families sue Kentucky gun shop that sold AR-15 used in 2023 bank shooting that killed 5
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Applebee's offering limited number of date night subscriptions
- Dan Morgan hired as general manager of Carolina Panthers
- Zenon: Girl of the 21st Century Turns 25: Celebrate With Facts That'll Make You Say Cetus-Lupeedus
- Questlove charts 50 years of SNL musical hits (and misses)
- Could falling inflation trigger layoffs and a recession? Hint: Watch corporate profits
Ranking
- Will the 'Yellowstone' finale be the last episode? What we know about Season 6, spinoffs
- Burton Wilde: In-depth Explanation of Lane Club on Public Chain, Private Chain, and Consortium Chain.
- Saturday's Texans vs. Ravens playoff game was ESPN's most-watched NFL game of all time
- Burton Wilde : Three Pieces of Advice and Eight Considerations for Stock Investments.
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Man charged with killing his wife in 1991 in Virginia brought back to US to face charges
- NYC joins a growing wave of local governments erasing residents' medical debt
- How Taylor Swift doughnuts went from 'fun joke' to 'wild, crazy' weekend for Rochester store
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
How Taylor Swift doughnuts went from 'fun joke' to 'wild, crazy' weekend for Rochester store
US Supreme Court to hear case of Oklahoma death row inmate Richard Glossip
Michael Phelps and Wife Nicole Johnson Welcome Baby No. 4
Intellectuals vs. The Internet
3 crewmembers killed in Oklahoma medical helicopter crash after transporting patient
Burton Wilde: Left-Side Trading and Right-Side Trading in Stocks.
Saudi Arabia hears dozens of countries critique its human rights record at the UN in Geneva