Daina Shipping Company News

Heavy fuel oil on board the wrecked container ship is expected to leach out over time, but the ship's owners and insurers would prefer to leave it where it is. No decision had been made on leaving Rena on the reef, but draft assessments have been distributed for stakeholder and regional council review. Meanwhile the Maritime New Zealand order for full wreck removal remains in place, reports the Bay of Plenty Times. Matt Casey QC, and Keith Frentz from Beca AMEC, recently presented a report to the Tauranga City council on behalf of Daina Shipping Company and insurer The Swedish Club.

The New Zealand Government & Daina Shipping Company settle amount due arising from the container ship'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. "This was a very complex negotiation given the range of issues and parties involved, and represents a good outcome for New Zealanders," said Mr Manch.