By MarEx 2015-07-30 11:22:24
Matson, Inc has agreed to pay up to $15.4 million in restitution for a 2013 molasses spill in Honolulu Harbor. The shipping company also agreed to cease its molasses operation in Hawaii and pay for the removal of its molasses tanks and any remaining molasses. About 1,400 tons of molasses leaked into the harbor in September 2013, killing more than 26,000 fish and marine life. The settlement includes a combination of cash, restoration efforts and environmental funding.
Matson will pay Hawaii $5.9 million towards re-growing a coral nursery damaged due to the spill and reimbursing the state for cleanup efforts. The shipper will also submit a contribution to the International Union for Conservation of Nature’s World Conservation Congress.
Estimates of the cost related to closing molasses operations range between $5.5 million and $9.5 million. When Matson’s settlement is satisfied, it will cost the company between 11.4 and $15.4 million.
Matson was founded in 1882 and provides shipping services throughout the Pacific.
This post was sourced from Maritime Executive: View original article here.