TotalFina's Spill Costs Rise

Friday, January 28, 2000
The oil spill off France from a chartered tanker has so far cost TotalFina more than $123 million, according to Chairman Thierry Desmarest. Desmarest announced Jan. 21 that the company will pay $31 million to store and treat polluted sand on top of almost $78 million already earmarked for the spill. "Today we make a new commitment - to take charge of the storage and treatment of waste, composed of sand, seaweed, various material, and fuel, which already weighs 100,000 tons," he said. Greenpeace slammed TotalFina last month for failing to provide storage for the sticky oil which volunteers and soldiers have been shoveling from France's west coast since the slick lapped ashore in late December. Desmarest said TotalFina has also contributed about $19 million to the oil industry compensation fund Fipol. TotalFina's contribution to the fund represents 10 percent of the $186 million Fipol will spend on repairing damage caused by the slick and compensating the local tourism and fishing industries. - (Reuters)
Maritime Reporter October 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


US Must Exercise Freedom of Navigation in Asia-Pacific -Navy Commander

The commander of U.S. forces in the Pacific said on Friday the United States must carry out freedom of navigation patrols throughout the Asia Pacific, but declined

Sea Truck's DP3 Construction Ship Passes Sea Trials

Sea Trucks has completed sea trials of the DP3 offshore construction vessel Jascon 18 in Singapore. Jascon 18 features a 1,800-metric-ton crane, 1,800 sq m deck and a 750-metric-ton pipelay system.

ABP Marine Conference at Port of Ipswich

The Port of Ipswich is hosting Associated British Ports’ (ABP) two-day annual Marine Conference for the first time starting today.   Held at the Old Custom House on the Ipswich waterfront,

Maritime Security Maritime Standards Naval Architecture Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0951 sec (11 req/sec)