Singapore Firm Rejects US$1 Billion Sri Lankan Pollution Damages

Singapore shipping firm behind toxic Colombo leak rejects $1B damages order in major eco-disaster case

By 26th May, the nitric acid leak had triggered a fire, which burned uncontrollably for 11 days, despite efforts by the Sri Lankan Navy, Air Force, and international salvage teams.

Singapore ship pays just US$1 million in US$1 billion pollution case

The owners of the MV X-Press Pearl, which caused a major disaster, argued paying the fine would ‘set a dangerous precedent’ for global shipping.

Polluting Singapore ship's agent pays token damages to Sri Lanka

COLOMBO: A Singapore-registered ship's Sri Lanka agent paid US$1 million out of US$1 billion damages awarded for causing the island's worst pollution, a litigant told AFP on Wednesday (Sep 24).The Sea Consortium (Private) Limited made the token payment in "good faith" as it did not have the financial capacity

Singapore firm rejects paying $1 billion for Sri Lankan pollution damages

X-Press Feeders chief executive Shmuel Yoskovitz said he believed paying would have wide-ranging implications on global shipping and "set a dangerous precedent"

‘We’re not paying’: Singapore firm rejects Sri Lankan court’s $1bn pollution fine

Sri Lanka's Supreme Court in July ordered the company to pay Colombo an "initial" US$1 billion in damages within a year, with the first tranche of US$250 million to be paid by Tuesday