header logo
Asia asset finance
Mogo Academy
Latest
‘X-Press Pearl’ insurers make interim payment to Sri Lanka
Sep 24, 202301:49 PM
‘X-Press Pearl’ insurers make interim payment to Sri Lanka

The insurers of the ‘X-Press Pearl’ ship, which sank off the western coast of Sri Lanka after being gutted in a massive fire two years ago, have made an interim payment to the Sri Lankan Government in order to cover the cost incurred by the Maritime Environment Protection Authority (MEPA) for the beach clean-up operations of the country and compensation for the fishermen affected by the maritime disaster, says the Minister of Justice, Wijeyadasa Rajapakshe.

 

Accordingly, he said that the Sri Lanka Treasury has received USD 890,000 and Rs. 16 million as interim payment for costs incurred by MEPA and compensation for affected fisherfolks.

 

“This amount has been provided as an interim payment for compensating the fishermen and for the costs incurred by the Maritime Environment Protection Authority for cleaning up the coastline of the country due to the X-Press Pearl fire”, he added.

 

Sri Lanka witnessed what is considered one of the worst marine environmental disasters after the Singapore-flagged container ship, only three months after being commissioned, caught fire some 16 kilometres off Colombo on May 20, 2021, while transporting 1,500 containers including 25 tonnes of nitric acid.

 

The fire that continued for nearly two weeks resulted in a massive spillage of damaged containers, microplastics, plastic pellets, chemicals and other harmful substances into the sea.

 

 

 

MostRead
Mobitel 5g
VideoStories
Sugeeshwara Bandara arrested over allegations of misappropriating state funds

Sugeeshwara Bandara arrested over allegations of misappropriating state funds

'No one can influence public appointments'  Govt denies officials appointed at Cardinal’s request

'No one can influence public appointments' Govt denies officials appointed at Cardinal’s request

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Crucial data on Suresh Sallay’s devices may prove innocence, claims Udaya Gammanpila

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Yoshitha Rajapaksa released on bail following arrest by the Bribery Commission

Political debate intensifies over Suresh Sallay detention and CID conduct

Political debate intensifies over Suresh Sallay detention and CID conduct

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

Court of Appeal to consider Former President Gotabaya Rajapaksa’s petition tomorrow

 Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

Cabinet gives nod to secure US$ 200 million in ABD funding for infrastructure and housing projects

 “Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

“Gotabaya’s arrest will be determined by evidence” CID responsible for Easter attacks probe: Govt.

 Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

Dengue infections surpass 42,000; Special dengue control program to be held in schools this week

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

“Sallay not in critical condition” CID declines request to grant daily legal access to Suresh Sallay

CID informs court of probe into contempt allegations against six persons including ex-Ministers

CID informs court of probe into contempt allegations against six persons including ex-Ministers

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

Govt. has obtained US$ 1.85 bln in foreign loans since assuming power, Finance Ministry data shows

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Govt. has no development plans" Dilith Jayaweera says common man is being burdened on a daily basis

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

"Different virus spreading rapidly at the moment" Officials raise alarm over surge in dengue cases

El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Lassana Flora