Law and regulation

Salters Cartage owner cries poor while nobbling rivals. By Victoria Young

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Tui vessel operator seeks costs from govt

Gavin Evans
Thu, 22 Oct 2020

Gavin Evans
Thu, 22 Oct 2020
The operator of an oil processing ship moored off the Taranaki coast wants the government to cover its costs while it considers plans for removing the vessel.BW Offshore was yesterday cleared by the Environment Court to remove the Umuroa which has been stuck at the Tui oil field for almost a year since operator Tamarind Resources ran out of cash. The floating production and storage vessel is moored at the field about 50 kilometres off the coast and is costing about US$1 million a month to run, BW chief financial officer Stale Andreassen to...

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