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Sep 16th, 2015 Comments: 0

Rena salvage bill second to Costa Concordia

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The salvage of Rena, which ran aground on a reef off Tauranga, New Zealand, in 2011, has cost NZD500 million (USD317.2 million). This makes the container vessel the second most expensive shipwreck in history after the USD1 billion Costa Concordia salvage operation, owner Daina Shipping Co testified at hearings in Tauranga. After four years of salvage operations, Daina Shipping has applied to the Bay of Plenty Council to leave the remains of the 47,000-tonne vessel on the Otaiti (Astrolabe) Reef.

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