Cargo loss from vessel fire near Sri Lanka could reach $50 million
Posted On: May. 31, 2021 10:31 AM CSTRob Hawes, head of marine at U.S.-based claims management firm Crawford & Co., estimates the cargo loss from the fire aboard X-Press Pearl containership between $30 million and $50 million, with insurers facing hull and machinery, liability and cargo insurance claims, S&P Global reported. The London P&I Club has provided the protection and indemnity cover for X-Press Pearl, which caught fire on May 21 near the Sri Lankan port of Colombo.