An Echelon Media Company
Monday November 9th, 2026

Ahab’s Nemesis: Sri Lanka may be the best place in the world to see sperm whales

 

Does Melville intend this particular irony? Sure, in Captain Ahab’s vengeful fantasies, the weirdly white sperm whale who swallowed his leg seems to embody pure evil, while for narrator Ishmael, Ahab’s obsession with slaying his nemesis may itself be evil incarnate: arrogant humanity exterminating ‘innocent’ nature.

But does Melville- seasoned sea goer he -know something of sperm whale temperament that his character Ahab does not? Melville’s main scientific source, Thomas Beale’s The Natural History of the Sperm Whale, refutes allegations of bloodthirstiness, but Moby-Dick makes much of the creature’s bad reputation in the tales and legends of whalers.

Ex-pat amateur naturalist Gehan de Silva Wijeyeratne convincingly suggests that Sri Lanka may be one of the best places in the world to see sperm whales. Even more interesting, he musters evidence that Lanka may be the best place in the world to see sperm whale ‘superpods’—dozens of the awesome beasts assembled and visible at the same time.

A super-pod off Kalpitiya in early 2010, for example, numbered some 60-70 animals, according to Navy sources. A gathering off Trincomalee in March 2012 may have numbered up to 250, as experienced observers estimated. Comparing such sightings with those elsewhere, Wijeyeratne nominates Sri Lanka as world capital in terms of super-pod frequency, density and viewability.

At seventeen pounds, the sperm whale brain is the largest of any creature ever: evidence of high intelligence. She scores high in sociability as well. We understand more and more that high intelligence in vertebrates correlates with high sociability. Nimbleness in navigating complex social spaces requires, rewards and nurtures braininess.

In Leviathan or, The Whale, Philip Hoare contends that sperm whales “have the most complex social structure of any animal other than man.” He does not explain how he reaches that conclusion or by what criteria, but he does offer some detail.

Like elephants, sperm whales typically move in clusters of juveniles and mature females, who share in care for the young. When mother dives for food, she leaves her calf for her cluster to babysit. Networks of trust, communication and exchange of favours must be dense. Neuronal connections likewise, very likely.

When orcas (killer whales) threaten, sperm whales encircle their young in cooperative formation. They may face inward, presenting a firing line of powerful flukes outward against assailants, or they may face outward with their dangerous toothed jaws. They will protect each other and each other’s young even at high peril to themselves.

Entire families have been known to strand themselves on beaches so as to keep company with a sick or injured relative. Different pods use different ‘dialects’ of sounds to communicate with each other. Here again, sperm whales are ‘elephants of the sea.’

Sperm whales eat mainly cephalopods (squid), which they find at sometimes incredible depths. Because she spends far more time below the surface than on it, one authority calls her a ‘surfacer’ rather than a ‘diver.’ But she has to breathe of course. Before a deep dive, she may hyperventilate, taking sixty breaths or so in ten minutes (very fast for her).

Her blood features stupendous oxygen-carrying capacity, enabling her to stay down for as long as two hours without surfacing. A dive of 500 metres is routine and she can go as deep as two kilometres or even more.

She feeds in the deepest darkness and crushing pressure from the water above. Though classified as a predator, of course, she has little of the classic hunter in her. With one or two possible exceptions detailed below, she has no need for the adrenaline-fueled savagery of bears, big cats, sea lions and the like for chasing and ripping up prey.

Sperm whale stomachs often contain large squid ingested whole with nary a mark on their bodies. It is thought that she simply sucks her meals into her huge jaws or perhaps just opens her mouth so that they swim into it. Some even think she stuns her prey with deafening bursts of sound. She gulps down maybe 600 squid daily, finding her prey by echolocation, like bats.

Emitting loud clicks, she ‘sees’ other creatures as well as seafloor contours from rippling wrinkles in the rebounding sound. Sound is her only useful sense in the depths she prowls, except for her sensitivity to the earth’s magnetic fields, useful for navigating long ocean journeys.

Because they spend so much time beneath the surface in the open ocean far from land, we know very little about sperm whales. Their first-ever underwater footage, taken in Sri Lankan waters as it happens, came only in 1984. No one can confidently say what they are up to in their frequent gatherings around the island.

They engage in a repertoire of colourful behaviours: jaw clapping, tail elevation, tail slapping, belly-ups, roll-overs, head raises and breaching—flinging themselves largely out of the water. An intriguing possibility raised by Cinnamon group ecotourism chief, Chitral Jayatilake, is that they may sometimes be flirting and be here mainly for that reason.

Sperm whales are classically ‘dimorphic’ between the sexes, meaning that mature males grow substantially larger than mature females. Males may measure twenty metres and weigh fifty tonnes. As with other dimorphic mammals, mating opportunities accrue overwhelmingly to alpha males who dominate their competitors in contests of strength and aggression.

In what naturalist Howard Martenstyn calls ‘harem formation,’ he keeps his weaker competitors away from his eligible females. Those females may in turn compete for his attention with some of the behaviours mentioned above. Again, it is possible that sperm whales congregate around Sri Lanka for the explicit purpose of mating.

Male-on-male competition is of course one arena where sperm whale behaviour is far from docile. Many males exhibit injuries from fights with rivals. Feeling hunted is another scenario that may bring out aggression. It is hardly surprising that whalemen stories selectively highlight aggressive behaviour.

Sperm whales dislike being chased and will flee or turn ornery when closely pressed. Almost certainly, there are sperm whales alive today with memories of being hunted and of seeing the slaughter of family and companions. Humankind is of course by far the most devastating menace sperm whales ever have faced.

No other adversary could by itself have pushed them to the brink of extinction. Orcas, to be sure, can seize juvenile or ailing sperm whales, so perhaps should be deemed more ‘apex’ as predators. Fearsome as they are, however, orcas may not be even the second-most-horrifying adversaries sperm whales have encountered in their day.

Old-time whalers told tales of sperm whales grappling in the writhing, sucking limbs of what may have been colossal squid. Perhaps someone picked the wrong item for lunch? On Animal Planet, I have seen human divers wrestling with giant squid: furiously fast, agile, deceptive and aggressive with their clinging, squeezing arms and tentacles. It can hold you down till you drown.

Her colossal cousin, rivalling sperm whales in length, might pose serious danger, though the reverse is also true. Hoare recounts one reported sighting of a sperm whale, dangerously entangled, calmly chewing her way out through a massive squid. But the whales may not win them all.

Sperm whale lacerations memorialize wounds from the hooks in colossal squid limbs. In Antarctic waters, three-fourths of sperm whale diet may come from colossal squid: one prey they really might need to rip up in order to eat. Whether this colossal sometimes, in turn, consume sperm whale is unknown since the squid rarely surfaces from their abyssal haunts to have their stomachs examined by captors. My guess is that both species dine on juveniles of the other.

More cryptic still, ‘sea serpents’ may be (or may have been) the sperm whale’s most fearsome non-human foe. Though unconfirmed through physical remains, sea serpents—dozens of metres in length, swimming sinuously, their heads high above the waves—have been reported by sea goers and seaside dwellers for centuries. Maybe these observers were mistaken, but they were not all crazy or drunk.

As for nonexistent physical remains, recall the adage: the absence of evidence is not evidence of absence. Hoare records multiple eyewitness reports of such creatures coiled double and triple around huge sperm whales. It sounds like a squeezing death, a la anaconda, perhaps joined with drowning.

It is conceivable that such ‘serpents’—with whales as their main prey?—have gone extinct due to whaling or other human causes before their existence could even be ascertained. As Shakespeare’s Hamlet (one of Melville’s favorites) puts it: “There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy.”

(From the archives of Echelon magazine: first published in May 2015)

 

Sri Lanka rupee closes at 332.53/59 to US dollar spot, bond yields edge up

ECONOMYNEXT – Sri Lanka’s rupee closed at 332.53/59 to the US dollar spot on Monday, from 332.55/60 the previous day, while bond yields closed higher, dealers said.

A bond maturing on 15.09.2029 closed at 190/98 percent, up from 10.85/95 percent.

A bond maturing on 01.08.2030 closed at 11.07/12 percent, up from 11.05/10 percent.

A bond maturing on 01.02.2031 closed at 11.30/40 percent, up from 11.10/15 percent.

A bond maturing on 15.12.2032 closed at 11.65/70 percent, up from 11.55/65 percent.

A bond maturing on 01.11.2033 closed at 11.95/12.00 percent, up from 11.90/95 percent.

A bond maturing on 15.10.2034 closed at 12.10/15 percent, up from 12.05/12 percent.

A bond maturing on 15.08.2036 closed at 12.40/50 percent, up from 12.30/40 percent. (Colombo/Nov9/2026)

Continue Reading

Sri Lanka stocks close up 1.37-pct, banks lead turnover

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed up on Monday, CSE data showed, with the benchmark All Share Price Index moving up 1.37 percent.

The ASPI was up 291.72 points at 21,531.37, while the more liquid S&P SL20 was up 1.67 percent, or 100.96 points, at 6,146.34.

Positive contributors to the ASPI were Commercial Bank of Ceylon (up 2.86 percent at 216.00 rupees), Hatton National Bank (up 1.52 percent at 399.75 rupees), Asiri Hospital Holdings (up 12.86 percent at 31.60 rupees), Tokyo Cement Company (up 5.22 percent at 84.70 rupees), and Access Engineering (up 3.93 percent at 81.90 rupees).

Carson Cumberbatch (down 4.24 percent at 712.00 rupees), Richard Pieris and Company (down 2.43 percent at 28.10 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), Renuka Holdings (down 2.63 percent at 37.00 rupees), and Chevron Lubricants Lanka (down 0.61 percent at 204.25 rupees) were top negative contributors.

Market turnover was 3.33 billion rupees. The S&P/CSE Banks Industry Group led turnover with 667.76 million rupees.

The session saw heavy crossings, according to Raynal Wickremeratne, Head of Research and Strategy at NDB Securities. Significant crossings included Keells (23 million rupees), Distilleries Company (27.7 million rupees), Sunshine Holdings (30.6 million rupees), Commercial Bank (32.4 million rupees), Ceylon Tobacco Company (35.6 million rupees), Hatton National Bank (39.5 million rupees), Prime Lands (40.5 million rupees), and HAS Holdings (41.5 million rupees).

In corporate news, Hayleys Retail Holdings Ltd announced it has partnered with supply chain software provider Blue Yonder to build and scale an AI-native grocery supermarket chain across Sri Lanka. (Colombo/Nov09/2026)

 

Continue Reading

Sri Lanka’s Hayleys Retail to launch supermarket chain with Blue Yonder

ECONOMYNEXT — Hayleys Retail Holdings Ltd has selected supply chain software provider Blue Yonder to build its grocery retail operations from the ground up, the two companies said in a joint statement.

Hayleys Retail, a member of Sri Lanka’s diversified conglomerate Hayleys Group, plans to open several stores in the near future to serve consumers across the country. The agreement marks Blue Yonder’s first retail customer in Sri Lanka.

“Our entry into supermarket retail is about bringing that same commitment to quality and reliability closer to everyday Sri Lankan consumers,” Mohan Pandithage, Chairman and Chief Executive of Hayleys PLC said.

“With Blue Yonder, our teams will have AI-driven insight to deliver a seamless, consistent shopping experience across every store,” he said.

Hayleys, which accounts for approximately 5 percent of Sri Lanka’s export income and operates across 17 business sectors, is entering the large-scale supermarket space by drawing on its group strengths in manufacturing, logistics, and services.

The company selected Blue Yonder to connect its data across merchandising and shelf space, deploy artificial intelligence agents to catch operational issues early, and scale its business into a national network without changing platforms.

The rollout will begin with merchandise operations to manage suppliers, items, costs, and pricing, followed by machine learning capabilities to forecast demand and balance store inventory during seasonal peaks.

“Hayleys Retail is choosing one where AI is the foundation rather than an add-on—connected data and agentic AI built into core merchandising operations, and planning that learns as the business grows,” Antonio Boccalandro, President, APAC at Blue Yonder said.

The retailer plans to use the platform to automate routine store tasks and adjust inventory according to real-time sales and local market trends as its store footprint grows. (Colombo/Nov09/2026)

 

Continue Reading

Sri Lanka’s Citrus Leisure extends Lotus Tower management pact

ECONOMYNEXT – Sri Lanka listed hospitality firm Citrus Leisure said it has extended an agreement to manage consumer-facing and entertainment spaces at the Colombo Lotus Tower, which includes revolving restaurant Blue Orbit, until June next year.

The initial agreement signed between Citrus Leisure and Colombo Lotus Tower Management Company (Private) Limited (CLTMC) is due to expire on December 11.

“The Board of Directors of CLTMC at meeting held on 2nd November 2026 has resolved to extend the term of the Management Agreement and continue the existing Management Agreement until 30th June 2027, to which the company has given its concurrence,” the company said in a market filing.

Citrus Leisure Plc opened its revolving restaurant at the Lotus Tower in December 2023.

The company signed a 3-year agreement with CLTMC in May 2023 to provide services in the management of (l) the banquet hall 1 on the 25th floor, (2) the banquet hall 2 on the 26th floor, (3) the revolving restaurant on the 27th floor, (4) the 6 suites situated on the 28th floor and the kitchen in the basement floor of the Colombo Lotus Tower.

The 350-meter or 1,150-feet tower, the tallest in South Asia, was built at a cost 104.3 million US dollars with 80 percent of the money borrowed from Exim Bank of China.

Located in the commercial heart of Colombo, the tower has been called a symbolic landmark of Sri Lanka as well as a colossal white elephant and has been mired in controversy for years. (Colombo/Nov9/2026)

Continue Reading

CIC Holdings Sept quarter net profit rises 20-pct to Rs1.7bn

ECONOMYNEXT — Sri Lanka conglomerate CIC Holdings recorded a net profit of 1.66 billion rupees for the quarter ended September 30, rising 20.3 percent from 1.38 billion rupees in the same quarter last year, interim accounts showed.

The group posted basic earnings per share of 0.87 rupees for the September quarter, up from 0.73 rupees a year earlier.

Quarterly revenue grew 3.4 percent to 20.89 billion rupees from 20.20 billion rupees, supported by broad-based growth across industrial solutions, livestock, and healthcare segments, which counterbalanced relative demand moderation in agricultural inputs.

Cost of sales rose 5.3 percent to 15.20 billion rupees, outpacing revenue growth and causing gross profit to contract marginally by 1.2 percent to 5.68 billion rupees.

Results from operating activities dropped 7.3 percent to 2.66 billion rupees from 2.87 billion rupees, impacted by higher operating overheads.

Selling expenses expanded 6.8 percent to 2.15 billion rupees, and general and administrative expenses climbed 5.8 percent to 1.07 billion rupees, while other operating income dropped 29.6 percent to 117.40 million rupees.

However, operating profits were cushioned by an impairment reversal on trade receivables of 85.83 million rupees, turning around from an impairment provision of 23.38 million rupees in the corresponding quarter last year.

Net finance costs climbed 35.4 percent to 712.25 million rupees from 526.01 million rupees.

The increase was driven by a 30.8 percent rise in finance expenses to 771.46 million rupees, primarily reflecting higher interest expenses on loans to finance elevated working capital and inventory requirements.

The quarter’s bottom line was strongly bolstered by CIC’s equity-accounted investment in John Keells Holdings PLC (JKH).

Share of profit from equity-accounted investees surged more than fourfold to 590.50 million rupees from 257.87 million rupees, driven by JKH’s strong profit expansion during the period.

The group also recognized a gain on bargain purchase of 55.59 million rupees during the quarter resulting from additional share purchases in JKH where the proportionate net asset value exceeded acquisition cost, compared to no such gain a year earlier.

With associate income gains offsetting operating margin contraction and higher borrowing costs, group pre-tax profit held virtually flat at 2.59 billion rupees, down 0.11 percent.

Income tax expense fell 29.4 percent to 606.24 million rupees from 858.71 million rupees, driving total group profit for the period up 14.1 percent to 1.98 billion rupees.

Total group assets stood at 108.58 billion rupees as of September 30, up from 99.75 billion rupees at the end of March 2026.

Group net asset value per share increased to 25.52 rupees from 22.10 rupees a year earlier.

CIC Holdings’ ordinary voting shares closed at 27.80 rupees at the end of September.(Colombo/Nov09/2026)

 

Continue Reading

Sri Lanka stocks trend up; ASPI gains 0.78-pct

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange was trading higher on Monday, CSE data showed, with the benchmark All Share Price Index moving up 0.78 percent.

The ASPI was up 165.73 points at 21,405.38, while the more liquid S&P SL20 was up 0.61 percent, or 37.04 points, at 6,082.42.

Positive contributors to the ASPI were Commercial Bank (up 1.55 percent at 213.25 rupees), Ceylon Cold Stores (up 2.61 percent at 128.00 rupees), Asiri Hospital Holdings (up 10.00 percent at 30.80 rupees), Hemas Holdings (up 1.27 percent at 32.00 rupees), and Ambeon Holdings (up 6.02 percent at 37.00 rupees).

Namunukula Plantations (down 3.92 percent at 63.70 rupees), LOLC Holdings (down 0.62 percent at 400.00 rupees), and Chevron Lubricants Lanka (down 0.12 percent at 205.25 rupees) were top negative contributors.

Market turnover was 428.31 million rupees. Capital goods led turnover with 82.53 million rupees. (Colombo/Nov09/2026)

Continue Reading