Manila: Local authorities in the central Philippine city of Legazpi are demanding P4m ($88,840) in compensation from the Vietnamese shipowner that grounded on Denson Reef in the Albay Gulf last Monday.
The MV Ocean 03 is owned by Haiphong-based Hoang Anh Shipping. The ship and its 21-man crew are being held at the port of Legazpi.
Local authorities say at least 1,200 sq m of the coral reef was “structurally and superficially” damaged by MV Ocean 3, some 9 km off Legazpi. Rehabilitation of the reef will take up to five years