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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
These are the Top 4 Stocks for Buybacks in 2024
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

Sri Lanka testing for oil in waters near stricken cargo ship


This satellite image provided by Planet Labs Inc. shows a sinking ship, the Singapore-flagged MV X-Press Pearl, with the oil leak line in the Laccadive Sea off Sri Lanka Monday, June 7, 2021. (Planet Labs Inc. via AP)

COLOMBO, Sri Lanka (AP) — Sri Lankan authorities have taken water samples to try to determine whether a fire-ravaged cargo ship slowly sinking off the coast is leaking oil, officials said Friday.

Results of the tests taken Thursday by the Marine Environment Protection Authority are still pending, the country's environment minister said.

The tests were prompted by satellite images from Planet Labs Inc. that showed a substance that could be oil in the water near the Singapore-flagged MV X-Press Pearl, which was devastated by a nearly two-week fire before it started sinking last week.

The fire destroyed most of the ship’s cargo, which included 25 tons of nitric acid and other chemicals. However, debris including burned fiberglass and tons of plastic pellets have already polluted nearby beaches and there are concerns that a spill of remaining chemicals and oil on the ship could devastate marine life.

The ship’s operator X-Press Feeders said in a statement Thursday night that “a grey sheen has been observed emanating from the vessel, and water samples are currently being tested.”

Nalaka Godahewa, state minister in charge of coast conservation, said in a tweet Thursday that the satellite “imagery could be misleading” and that both the Sri Lankan and Indian navy had confirmed to him that there was no large oil spill.

The fire erupted on May 20 when the ship was anchored about 9.5 nautical miles (18 kilometers) northwest of Colombo and waiting to enter the Sri Lanka's main port. The navy believes the blaze was caused by its chemical cargo.

The fire burned for 12 days before being extinguished last week. It then started sinking and attempts to tow it into deeper waters failed when the ship's stern sank to the seabed.

The ship remains partly submerged in waters about 21 meters (70 feet) deep.

A Colombo court has banned the ship's captain, chief engineer and assistant engineer from leaving the country. The government has said it will take legal action against the owners of the ship to obtain compensation.

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