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New Zealand settles with Rena owner

Regulatory/Transport

Thursday, October 04, 2012

The New Zealand government and the Greek owner of the containership Rena reached a comprehensive financial settlement in respect to matters arising from the ship's grounding on Oct. 5, 2011. Keith Manch, director of Maritime New Zealand, confirmed that Daina Shipping Co., a subsidiary of the New York Stock Exchange-listed Costamare Inc., will pay $27.6 million to settle the claims of the government and public bodies including Maritime NZ, Bay of Plenty District Health Board, E...

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