Rena wreck becomes second-most expensive ever

The wreck of container ship Rena off the coast of New Zealand steps prominently into statistics as the second-most expensive shipwreck ever, surpassed only by the Costa Concordia incident.

The salvage of wrecked container ship Rena has become the second-most expensive salvage operation in history, reports IHS Maritime. It cost a total USD 317.2 million to salvage and empty the container ship after it ran ashore a reef off Tauranga in New Zealand in 2011.

The Rena incident is thus surpassed only by the wreck of cruise ship Costa Concordia, which resulted in a salvage operation totaling around USD 1 billion. After fours years spent cleaning the Rena wreck, the ship's owner, Diana Shipping, is trying to get permission to leave behind the remains of the 47,000 ton vessel, which is no longer deemed harmful to the environment.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Business profile leaves Bunker Holding

Bunker Holding loses prominent board member, who is former partner and executive in private equity firm EQT and who furthermore leaves the board in Uni-Tankers. Two new members join the board.

Further reading

Related articles

Latest news

See all jobs