X-Press Feeders makes initial payment to Sri Lanka in compensation case

X-Press Feeders, the operator of X-Press Pearl, which caught on fire and sank off the coast of Sri Lanka in June, has now made the first payment for damages incurred. Sri Lanka demands upwards of USD 40 million in compensation.

Photo: Sri Lanka Airforce/Reuters/Ritzau Scanpix

Container carrier X-Press Feeders has initiated its payment of the compensation for damages incurred during the fire on board X-Press Pearl, which sank in Sri Lankan waters in June.

The carrier has, through its P&I insurer, made made an initial payment of USD 3.6 million to the Sri Lankan government, informs X-Press Feeders in an announcement.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs