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SL’s multi-billion dollar ‘Ocean Expressway’ and its impact Source:FT A proposed global initiative to obtain a waiver on debt repayments for Sri Lanka, to redress the damage caused to its economic resources by carriers using our exclusive economic zone The island at the centre of an expressway For centuries, the world’s maritime traffic on the Great East-West Shipping Lane, (transporting cargo both to and from the Atlantic ocean, starting from east-coast of the USA, via UK, Europe, the Mediterranean Sea, through the Suez Canal, passing Sri Lanka, Singapore, Hong Kong, China, South Korea, Japan, and to the Pacific Ocean) has been moving very close to Sri Lanka, strategically located at the centre of the Indian Ocean, taking the shortest and the fastest possible route from Aden to Singapore, and also on the return voyage. A sea lane that saves billions for global trade This ‘Ocean Expressway’ enables vessels to sail, ...