The X-Press Pearl saga that has been unravelling for the past two weeks has succeeded in exposing all that is wrong with Sri Lanka’s quest to become a regional maritime hub. The third and most destructive episode in this unfolding maritime saga is the X-Press Pearl incident. It is India’s intervention that saved the day in dousing the blaze on board the New Diamond and now the X-Press Pearl. According to estimates, the damage caused by the X-Press Pearl could amount to a staggering $ 5 billion. As more things unravel, it is becoming clear that the saga of the X-Press Pearl is only beginning.

Source: The Nation June 05, 2021 18:56 UTC