Dry CargoEnvironmentGreater China

Chinese owner cops $30m fine over Great Barrier Reef grounding

The owner of the Shen Neng 1, the coal carrier that grounded on the Great Barrier Reef, six years ago, has copped an A$39.3m ($29.64m) fine, far less than what prosecutors had been seeking.

Shenzhen Energy Transport and its insurer, the London P&I Club, have reached an out-court settlement that was far less than the A$120m prosecutors were originally seeking for one of the most high profile ship accidents on the protected marine environment this century.

Australia’s environment minister, Josh Frydenberg, said the $39.3m would allow the Great Barrier Reef Marine Park Authority to remove toxic anti-fouling paint and rubble and restore the natural ecological processes of the reef.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Comments

  1. Shenzhen Energy Company, Should of been fined with $1Billion U.S. Dollars, Fine in Cash, Stripped of the Vessel, “Shen Neng 1”, To make sure this problem does not happen again, & NO Negotiation for lower fine..Did Not have Any problem cutting corners, and plowing into The Great Barrier Reef, So the Fine fit the crime, and consider yourself lucky. Had I, been in Charge their Your entire Crew, and Officers, would be doing prison time!

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