Monthly Archives: October 2011

NEW ZEALAND OIL SPILL: Billion dollar cost

The tanker Rena – and its parent company Costamare – that caused the oil spill off New Zealand is insured for US$1 billion of pollution damage John Key yesterday said the clean-up so far had cost an estimated AU$12.1 million. … Continue reading

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SAN FRANCISCO Oil Spill: $44.4 million costs for disaster

Hong Kong-based Regal Stone Limited and Fleet Management Ltd, the owner and operating companies of the M/V Cosco Busan have agreed to pay USD 44.4 million to fund cleanup costs for the environmental damage to the San Francisco Bay and … Continue reading

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