Posted by MNZ on 02/10/2012
The New Zealand Government and Daina Shipping Company (owner of the MV Rena) have reached a comprehensive financial settlement in respect of matters arising from the shipâ€™s grounding on 5 October 2011.
Keith Manch, Director of Maritime New Zealand, confirmed that Daina Shipping Company 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 (signing as the territorial authority for Motiti island), and the New Zealand Transport Agency.
â€œThis was a very complex negotiation given the range of issues and parties involved, and represents a good outcome for New Zealanders,â€ said Mr Manch. â€œAs with any settlement, it is about finding a solution that both sides can live with, and I would like to acknowledge the constructive approach taken by Daina Shipping Company and their continuing commitment to meet their obligations under New Zealand law.â€
The settlement also recognises that Daina Shipping Company and The Swedish Club (the Renaâ€™s insurers) are currently investigating the environmental, social, cultural and economic impacts of different options for dealing with the wreck. In the event that they decide to apply for, are granted, and use a resource consent to leave part of the wreck in place, Daina Shipping Company will make an additional payment of $10.4 million to the Crown, reflecting their reduced salvage costs.
Konstantinos Zacharatos, on behalf of Daina Shipping Company, said: â€œWe have always sought to work closely with the New Zealand authorities to address all aspects of this serious incident. This settlement is a vital step forward in our progressive resolution of all the issues, and I want to thank the New Zealand authorities for all of their work that has gone into achieving this outcome.â€
Photos supplied courtesy Maritime New Zealand
Gold FM is no longer 'faceless'. Now we can socialise with you on our Gold FM facebook page.
All you've got to do is click the link on the left and you'll be welcomed to our facebook page. We'd love you to 'like' us so that we can keep you up to date.
Gold FM - Hear the difference!
Â© Gold FM 2011.Â Gold FM retains the copyright on all textual content produced by them on this website. Images may also be subject to copyright.
Users are forbidden to copy, republish or redistribute material produced by Gold FM in any other form without permission from Gold FM.
For permissions and other copyright-related questions, please email your question to: firstname.lastname@example.org