Sri Lanka

The move comes as the owners of the X-Press Pearl refused to pay the massive damages

X-Press Feeders CEO Shmuel Yoskovitz believes paying would have wide-ranging implications on global shipping

The push is part of the nation’s aim to raise tourist arrivals by 50% to 3 million this year

He is accused of using government money for his travel on a private visit

This remote hotel on the coast offers the perfect environment for an intimate, secluded getaway

The shipping firm initially paid US$7.85 million for the immediate cleanup and as compensation for fishermen who were deprived of their livelihoods

That would bring the total disbursed under the current programme to around US$1.7 billion

The hub will involve the construction of a multi-product pipeline as well as bunkering facilities and potentially a refinery

Washington imposed a 44% “reciprocal tariff” on the island nation before putting it on hold for 90 days