Company to pay for coral reef damage
CANBERRA: The Australian government reached a AU$39.3 million (R417 million) settlement with the owners of a Chinese coal carrier to pay for damage caused when the ship ran aground on the Great Barrier Reef six years ago, the environment minister said yesterday.
The government had sued Shenzhen Energy Transport for at least AU$120 million in the Australian Federal Court after the ship, Shen Neng1, went off-course in 2010 and grounded on Douglas Shoal, a World Heritage-listed coral reef.
Environment Minister Josh Frydenberg said Shenzhen Energy Transport had agreed to the outof-court-settlement after six years.
The crash site was contaminated with hundreds of kilograms of paint particles tainted with toxictributyltin. It slows the growth of aquatic organisms on ship hulls. Shenzhen said in court that the reef was recovering, and its maritime insurer said the costs were unrealistic. – AP