Salvors in New Zealand are trying to work out if they can continue taking containers off the grounded ship Rena. The vessel is in two pieces on a reef off the coast near Tauranga, and about 300 containers have fallen off. Allan Lee has more
The sinking of the Rena was an insurance job. Right from the start they knew they could tow her off the reef, but chose not to. The ship and her cargo was sacrificed for dollars, lots of dollars, in insurance.
The sinking of the Rena was an insurance job. Right from the start they knew they could tow her off the reef, but chose not to. The ship and her cargo was sacrificed for dollars, lots of dollars, in insurance.
goldenscales 1 month ago