Rena Owner Will Continue to Pay for Salvage
Costamare reaffirms pledge as salvage effort enters costlier phase Costamare, the Greek shipping company that owns the wrecked Rena, reassured New Zealanders that it will continue to fund the salvage operation as it moves into a more difficult, costly phase now that the container ship has broken up.The recovery and clean-up mission stepped up several notches in the recent days when the vessel, which has been grounded on a reef in the Bay of Plenty off the Port of Tauranga since Oct. 5, snapped in two in high swells over the weekend.The stern section sank on Tuesday, taking with it 400 containers which will now need to be salvaged by teams of specialist saturation divers at a daily cost of $150,000.Costamare issued a media release saying the company and its insurers will continue to fund the salvage operation, "including the recovery and processing of containers washed overboard." It said it is working with the salvors, insurers and Maritime New Zealand to formulate a plan dealing with both sections of the wreck."These plans are to be discussed with government authorities and other experts in the field, to ensure minimum damage to the environment and disruption to the lives of those living ...
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