Skip to main content

Settlement reached in New Zealand ship disaster

The worst maritime disaster in New Zealand’s history came to a legal conclusion on Monday, nearly a year after the accident.

Daina Shipping Co., owner of the 774-foot cargo ship Rena, which ran aground on a reef on Oct. 5, 2011, will pay $27.6 million ($23 million in U.S. currency) to settle the claims of the government and several public bodies, including Maritime New Zealand.

The settlement fee could rise to $38 million if the company gains resource consent to leave part of the wreck in place at the reef.

The New Zealand government has paid about $47 million so far for the Rena salvage and cleanup operation.

The Rena’s stern section separated Jan. 7 in heavy seas, leaving the incident to be considered New Zealand's worst maritime environmental disaster.

Click here for the full report by The New Zealand Herald and click here for the official announcement by Maritime New Zealand, which responded to the accident and oversaw the cleanup.

Related

1_RIGHWHALES

Industry Pushes Back Against Speed Restrictions

A NOAA Fisheries proposal would restrict boats 35 feet and larger to a 10-knot speed limit along the East Coast to protect right whales from vessel strikes.

4_MAGONIS

Magonis Opens Connecticut Office

The Spain-based, electric-boat builder offers an 18-footer that’s available with motors from Torqeedo and Mag Power.

01_YOUTH.FISHING

Bill Seeks to Increase Youth Fishing

The bipartisan Coastal Fishing Program Act of 2022 would ease barriers to accessing the outdoors in underserved communities.

Norm

Fall Is in Full Swing

With the autumnal equinox ushering in a new season today, the fall boat-show circuit is in high gear. Here are some recent reports and a look at what’s to come.

3_MANUFACTURER.CONFIDENCE

Manufacturer Confidence Drops

Still, U.S. builders remain largely optimistic despite ongoing constraints with the supply chain and workforce, as well as yesterday’s interest rate hike.

1_TEMO.DEFENDER

Defender Adds TEMO Electric Boat Motor

Defender Industries is the official U.S. dealer for the French company’s lightweight, portable electric motors.

2_TWIN.DISC.BELGIUM

Twin Disc Sells Belgium Facility

The transmission manufacturer is still using the facility in a leaseback transaction as it looks to reduce costs.