Navy earn $48 million through OBST operations
Sri Lanka Navy says it had earned an income of $48 million through Onboard Security Team Operations having taken over operations from Avant Garde Maritime Services.
Navy Media Spokesperson Lieutenant Commander Isuru Suriyabandara said the Navy earned the income through operations carried out from the year 2015.
With the annulment of the previous agreement, Sri Lanka Navy was entrusted the task of providing security to vessels and supplying services to security firms involved in providing onboard security for merchant ships.
The earnings generated through OBST operations are directly deposited in the Consolidated Fund of the Government.