El Faro owner settles with families after tragic wreck

Relatives of the deceased crew members from the tragic wreck of container ship El Faro in the Caribbean last year have reached a settlement with the owner of the ship, Tote Maritime.

Photo: Tote Maritime/Bloomberg

Several relatives of the seafarers who went down with the US-flagged container vessel El Faro off the Bahamas in October last year have reached a settlement with the ship's owner, Tote Maritime Puerto Rico, writes The Maritime Executive Tuesday.

A total of ten families have settled with the carrier for USD 500,000 per family, and this marks the conclusion so far of the legal aftermath of the tragic accident in which the ship sank when it was caught in tropical hurricane Joaquin off the coast of the Bahamas.

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