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.
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!