Daina shipping to pay $38M compensation for Rena

Mon, 01 Oct 2012

By Hannah Lynch Oct. 2 (BusinessDesk) - Daina Shipping Co, owner of the Rena, has agreed to pay the Crown up to $38 million for the costs incurred in clean-up after the ship grounded off Tauranga last October. Daina Shipping will pay $27.6 million to settle the claims of the Crown and public bodies, including Maritime NZ, Bay of Plenty District Health Board, Environmental Protection Agency, the Minister of Local Government and the New Zealand Transport Agency. It will pay a further $10.4 million if it applies for resource consent to leave p...

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