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Monday November 9th, 2026

Strike Zone: Sri Lanka is a leading place for whales getting hit by ships

Sri Lanka is one of the best places in the world to glimpse large whales, especially charismatic sperm and blues. Unfortunately, it may also be one of the leading places for large whales getting maimed or killed by big, fast-moving ships.

In spring 2012, for example, a container ship steered into Colombo harbour bearing a blue whale carcass across its bow. Around the same time, another blue carcass was spotted floating just off the south coast.

A WDC (Whale and Dolphin Conservation) web site reports five deadly ship strikes on blues and two on sperm whales in Lankan waters during 2011. The high danger lies in the fact that both ships and whales for their different reasons cruise at the continental shelf edge a few miles offshore.

In the name of reducing ship strike on whales, blues in particular, marine biologists have been studying factors that may lead to high blue concentrations in particular spots.

They are concentrated over ocean floor canyons—remnants of ancient river valleys when sea levels were lower—extending out from Lankan shores.

Down-drifting nutrients from decomposed plants, animals and animal waste continuously settle in these depths but sometimes come gushing to the surface through cold water ‘upwellings’ from down there.

These nutrient upwellings—just add sunlight—fuel phytoplankton blooms, which in turn feed outbreaks of krill and other pinkie-size crustaceans that blue whales specialize in gulping down.

Mapping is valuable as pure science of course, but one hopes also that identifying blue high-density zones could reduce ship strike by showing where shipping lanes could be re-routed or ships required to slow down.

Ship strike risk stems both from a collision/blunt trauma as with the 2012 Colombo harbour whale and from propeller laceration as with the one found floating in the south a few days later: whales too shallow beneath a passing ship may actually get sucked into the gouging blades.

Marine biologists speculate that for every blue whale ship strike recorded another ten go unrecorded because the carcasses sink or drift into the untraveled ocean.

Ship strikes are the most serious threat facing endangered blue whale numbers. Other experts downplay the ship strike threat, especially in light of other dangers blues confront. Even sceptics might concede, however, that high strike levels could undermine the viability of a blue population resident in Lankan waters.

It is more than a little puzzling why whales get hit rather than moving out of harm’s way. Large ships emit deafening engine and propeller noise. Sound carries better through water than through air.

Whale hearing is exceptionally acute, though their ears are hydrodynamically buried beneath a layer of skin. Whales may exhibit startle-flight responses even to the click of an underwater camera. Why don’t they hear ships coming and evade? It would seem that even the slowest swimmers should have plenty of warning and time.

We know very little at the moment but there are a number of possible explanations for this apparent heedlessness. All of them may be true at various times and places and some may also interact with one another.

Large adult whales have for millions of years had little to fear from loud noises or anything else. If it doesn’t sound like orcas (killer whales), great whites or colossal squid, any of which might rip into you or snag your juveniles, you probably don’t need to worry about it.

Evolution proceeds not only by developing body structures and behaviours with survival value but also by forgoing those with none. It disfavours wasting energy on absent dangers, energy that can be used instead for developing useful structures and behaviours.

For aeons until very recently, large whales have had no reason to maintain habits of avoiding noisy things, which might just as plausibly draw their curiosity. Unlike sudden noises that startle, approaching ships begin with a scarcely noticeable sound and build to a roar gradually.

The era of large fast-moving ships is little more than a hundred years old: a small handful of generations at most for whales. This is scant time for avoidance to emerge even as a learned behaviour, much less as an instinct.

Some suggest that whales could often be sleeping when struck, though this explanation stumbles over the fact that one whale brain hemisphere stays awake while the other sleeps: to maintain breathing, which in whales is not automatic as it is with us.

Whales may often simply be too preoccupied with what they are otherwise doing–feeding, playing, communicating, courting, mating, nursing–to notice ships bearing down on them.

In some places, moreover, there may be so many ships and so much ambient noise—some of it echoing off the seafloor and other objects both natural and human-made—that whales fail to isolate the source, proximity and direction of impending danger, accurately.

Especially chilling is the possibility that whales don’t hear approaching ships at all, despite the glaring racket. There may be at least three reasons for this. First is a possible ‘bow-null’ effect: the ship’s hull itself blocking engine and propeller noise, thereby creating an acoustic shadow directly ahead of the proceeding vessel.

Second is a possible refraction effect. Sound waves starting horizontally near the surface get bent and pulled downward by colder, denser water just below, where they propagate more efficiently. Noise, therefore, passes beneath whales at the surface until just before the ship is upon them.

Third, is a possible reflection effect sometimes called ‘Lloyd’s mirror.’ Sound waves generated slightly underwater may reach whales in a ship’s course by two different routes: directly and by reflection off the water/air boundary at the surface.

Until the ship is quite close, direct and reflected sound waves will reach the whale’s ear almost simultaneously because the distance travelled by the reflected wave up to the surface and back down to the whale will be small compared with the horizontal distance travelled.

Arriving simultaneously, direct and reflected sound waves are, however, 180 degrees out of phase with each other as they reach the whale’s ear. This is due to the fact that the reflected wave has bounced off the surface en route. In this opposite phasing, the trough of the reflected wave cancels the crest of the direct wave and vice versa.

The result: silence. As the ship gets closer, the up/down distance travelled by the reflected sound wave will grow in proportion to the horizontal distance travelled. Travelling proportionately further, the reflected wave will reach the whale more and more belatedly compared with the direct wave.

The crest/wave cancellation due to simultaneous arrival will dissipate and the whale will begin to hear the oncoming ship. Too late.

The terrible irony if whales sometimes surface precisely to escape infernal ship racket below and find best relief smack in the path of onrushing behemoths. Peace and quiet, so lovely….

(From the archives of Echelon Magazine; first published in July 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)

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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)

 

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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)

 

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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)

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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)

 

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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)

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