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X-Press Pearl parent company challenges $ 1 b Supreme Court Order over disaster
Daily FT
|August 16, 2025
SINGAPORE-BASED X-Press Feeders, the former operator of the container ship X-Press Pearl, in a statement yesterday challenged the Supreme Court order requiring it to pay an initial $ 1 billion within a year for the 2021 marine disaster, warning of human, legal, and economic repercussions.
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The 2,700 TEU vessel sank off Colombo in June 2021 after a fire in a container carrying leak ing nitric acid, triggering Sri Lanka’s worst marine pollution event, with large volumes of plastic pellets washing ashore.
"Our foremost concern is the human cost that this judgment threatens to impose. The Court has effectively pronounced the vessel’s Master and local agents guilty of criminal charges before their trials have concluded, and in the case of the agents, even before formal charges have been filed on some of the allegations.
The judgment directs the Attorney General to mandate that police investigate the agents further and prosecute them, despite them having no decision-making role in the vessel’s operations," the company said in a statement.
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