A month after the Supreme Court of Sri Lanka ordered a Singapore shipping company to pay USD 1 billion in damages for causing Sri Lanka’s worst environmental disaster, the Singaporean company, X-Press Feeders, has refused to comply with the court order. The tragic environmental disaster caused by the sinking of the MV X-Press Pearl near Colombo Port in June 2021.

Speaking to news agency AFP, X-Press Feeders chief executive Shmuel Yoskovitz said he believed paying would have wide-ranging implications on global shipping and “set a dangerous precedent”.

Sinking of the Singapore-flagged MV X-Press Pearl and Sri Lanka’s worst maritime pollution disaster

The MV X-Press Pearl was a 1,098-foot container vessel owned by Singapore-based EOS Ro Pte LTD, which is a part of the X-Press Pearl Group,

See Full Page