
When Sri Lanka's Supreme Court handed down its billion-dollar judgment on the X-Press Pearl disaster,it was hailed at home as a victory for environmental accountability. However, to shipowners and insurers across the world, the decision landed like a shockwave.This has enhanced liability far beyond international maritime conventions, the Court may have redrawn the risk map of the Indian Ocean—and in doing so and which could risk transhipment volume at Colombo/Sri-Lanka to find an alternate home. “This Judgment has Shook Confidence” In August 2025, the Court ordered more than US $1 billion . . .
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