State maritime security venture earns $ 600,000 in initial months

Monday, 16 February 2026 02:53 - - {{hitsCtrl.values.hits}}

Sri Lanka has initiated a commercial approach to maritime security operations, generating nearly $ 600,000 in revenue to the General Treasury within the first few months of implementation, the Finance Ministry said this week.

The new framework, developed to conduct maritime security operations as a structured business activity, has been rolled out under the supervision of the Defence Ministry, with operations carried out by the Sri Lanka Navy. Administrative and operational expenses for the project were covered through provisions allocated by the Finance Ministry in 2025.

The initiative enables Sri Lanka to fulfil its international maritime security responsibilities more effectively, whilst also creating a revenue-generating stream for the national economy. The model positions maritime security not only as a sovereign duty but also as a commercially viable service aligned with global shipping needs.

The services are designed to provide safe and efficient protection for vessels operating in regional and international maritime zones, offering shipping companies a reliable security solution in increasingly complex maritime environments.

Authorities noted that the commercialisation of maritime security operations is expected to deliver broader economic, social and geopolitical benefits. By leveraging its strategic location along major Indian Ocean trade routes, Sri Lanka aims to strengthen its role in international merchant shipping and global trade networks.

The initiative is also expected to generate valuable foreign exchange earnings through the provision of high-quality security services to international shipping operators. In doing so, Sri Lanka seeks to reinforce existing trade linkages and position itself as a competitive and credible maritime service provider in the region.

The Ministry said this structured, State-led commercial approach will enhance both national security outcomes and economic resilience, while opening new opportunities in global maritime engagement.