U.S. shipping company Matson, Inc. has agreed to pay up to USD 15.4 million as compensation for the 2013 molasses spill in Honolulu Harbour, Hawaii’s attorney general said Wednesday, CNBC reports.
Attorney General Dough Chin called the settlement with Hawaii-based Matson Navigation Co. one of the largest for an environmental violation in Hawaii’s history. The settlement includes a combination of cash, restoration efforts and funding for environmental programs, he said.
Matson is also agreeing to cease its molasses operation in Hawaii and pay for removal of its molasses tanks and any remaining molasses, Chin said.
The company will pay $5.9 million to the state, and the costs related to ending the molasses operation are estimated between $5.5 million and $9.5 million, which would put the total settlement amount between $11.4 million and $15.4 million, Matson Inc. said in a statement.
The $5.9 million paid to Hawaii includes money to help replace coral that had been damaged or destroyed. It will also reimburse the state for cleanup efforts and other costs.
Read what international media report:
ABC: Matson to End Hawaii Molasses Operation, Pay $15.4 Million
Reuters: Shipping company Matson to pay Hawaii $15 million over molasses spill
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