Huge bond likely if Rena left on seabed – lawyer

MV Rena's owners are likely to get slapped with a huge bond if their consent application to leave the wreck on Astrolabe Reef is successful, a RMA lawyer says.

Daina Shipping Company and its insurers are considering such an application, which would allow it to abandon its costly salvage operation, with an ultimate price tag as high as $350 million.

 

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