Government was seeking at least $120m, while Shenzhen Energy Transport Co Ltd argued reef was self-healing
The federal government has reached a $39.3m out-of-court settlement with the owners of a Chinese coal carrier that ran aground on the Great Barrier Reef in 2010.
Shenzhen Energy Transport Co Ltd and its insurer had, for six years, refused to accept responsibility for restitution after the 225m long, fully laden Shen Neng 1 ran aground 100km east of Rockhampton at Douglas Shoal.
Continue reading…
Source: Guardian Environment