Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 


HBRC to increase its harbourmaster liability insurance

Media Release
20 March 2013
HBRC to increase its harbourmaster liability insurance

Hawke’s Bay Regional Council has approved in principle increasing the amount of Harbourmaster Liability insurance cover for the region in light of the lessons learnt from the grounding of the container ship the Rena off Tauranga nearly two years ago.

The MV Rena struck Tauranga’s Astrolabe Reef in October 2011 and the cleanup has so far cost in excess of $275 million.

A report to today’s Council meeting said given the costs of recent shipping incidents worldwide and specifically the Rena, staff did not consider HBRC’s current $25 million cover adequate to manage Council’s risk should it be found at fault in a shipping incident.

The report says Napier Port is considered one of the more risky ports in New Zealand in terms of risk of a significant incident occurring.

It says HBRC’s insurance cover has been historically aligned with other councils’ cover and recent enquiries show Wellington & Northland Regional Councils have $100 million Harbourmaster Liability insurance and $20 million and $10 million wreck removal respectively.

The report says HBRC’s Wreck Removal insurance is adequate at $10 million.

Council has agreed in principle to spending $80,000 to increase its Harbourmaster Liability Insurance by $75 million to $100 million. It has also instructed staff to discuss with Napier Port the possibility of payment of a contribution to the costs of the insurance.
A decision on how the extra insurance will be funded will be determined prior to the adoption of the 2013/14 Annual Plan.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Greens: Russel Norman To Stand Down As Co-Leader

Green Party Co-leader Dr Russel Norman has announced today that he will stand down as leader at the party’s Annual General Meeting in May. Dr Norman will remain as Co-leader and retain his finance and climate change portfolios until the AGM.

“After nearly a decade as Co-leader, now is a good time to find a new challenge for myself, and to spend more time with my family” said Dr Norman.

“This is my ninth year as Co-leader and I think it’s time for a change. Now is a good time for new leadership for the Party. My replacement will start from a strengthened base and will have a full parliamentary term to establish himself in the role and take the Greens into government in 2017." More>>

 

Gordon Campbell: On The Eleanor Catton Rumpus

If anyone was in doubt about the accuracy of the comments made in India by Eleanor Catton, the reaction from some quarters here at home has gone a long way to proving her point… More>>

ALSO:

More Rent Assistance, Less State-Owned Housing: John Key Speech - Next Steps In Social Housing

"We are going to ensure that more people get into social housing over the next three years, whether that is run by Housing New Zealand or a community provider. The social housing budget provides for around 62,000 income-related rent subsidies a year. We are committed to increasing that to around 65,000 subsidies by 2017/18, which will cost an extra $40 million a year." More>>

ALSO:

The Future Of Work: Andrew Little - State Of The Nation 2015

In 2005 when I led the EPMU we worked together with Air New Zealand to find a way to keep engineering jobs that were heading overseas. A lot of these workers were people I’d known for years and they were facing not just losing their jobs but not being able to find the kind of work they do without going overseas. A lot of people were facing personal and financial upheaval.... More>>

ALSO:

Gordon Campbell: On The Sabin Case, The Pressures On Greece And (Songs About) Coyotes

Mike Sabin is a National MP, and the current chairman of Parliament’s law and order committee. Yet reportedly, he is being investigated by the Police over an assault complaint... However, the PM will not comment on any aspect of the story. More>>

ALSO:

Houses, ISIS, King (& Catton): PM Post-Cabinet Press Conference

The Prime Minister met with reporters to discuss: • Social housing, the Auckland housing market • The prospect of joining international forces to combat ISIS • David Bain’s compensation • The lowering of the flag for the King of Saudi Arabia's death ... More>>

ALSO:

Gordon Campbell: On Tomorrow’s Speeches By John Key And Andrew Little

The Key government has already kicked off the political year on a stridently ideological note, with Environment Minister Nick Smith choosing to lay all manner of sins at the door of the RMA. Tomorrow, the government will wheeling out its best salesman – Prime Minister John Key – to sell its plans for state housing… . More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Regional
Search Scoop  
 
 
Powered by Vodafone
NZ independent news