Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Insurers Assisting With Safe, Coordinated Tutukaka Marina Recovery

Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) members are working with the Harbour Master and marina management to co-ordinate the safe recovery of wrecks, pollution management and health and safety matters for the recovery effort following the damage at Tutukaka marina.

"While the focus for most is rightly on the direct impacts of the Hunga Tonga-Hunga Haapai eruptions across Tonga and neighbouring Pacific Islands, closer to home, insurers have a responsibility to get on with the job of arranging the safe clearance of wrecks from Tutukaka marina, pollution control, securing vessels and assisting in getting the marina fully functioning again," said ICNZ Chief Executive, Tim Grafton.

Boat owners should continue to deal directly with their insurers so that their claims are registered and assessed. The insurance sector’s coordinator will work closely with the Northland Regional Council Harbour Master and marina management to plan the safe recovery of vessels and infrastructure and to promote careful pollution prevention measures and the application of health and safety standards by all those involved in recovery efforts.

Work is already underway with some wrecks raised; around four are still to be recovered. Several other vessels are damaged, but remain afloat, and some piers and mooring fingers were insecure. In some cases, specialist equipment, such as heavy lifting systems and barges, may have to be brought in. While a lot of minor work can be done quickly, it will be some time before it is known how long it will take to complete all recovery efforts and their cost, but this is likely to run into the millions of dollars.

"Marine losses in Aotearoa New Zealand are expected to be just a footnote to the full social, physical and economic impacts felt by our Pacific neighbours as a result of the eruption. While we’re getting on with the job in hand at Tutukaka marina, are thoughts are with our Pacific neighbours," said Tim.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>


Statistics: Retail Card Spending Down 0.2 Percent In July
Retail card spending fell $11 million (0.2 percent) between June 2022 and July 2022, when adjusted for seasonal effects, Stats NZ said today... More>>



ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>


Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>


Heartland: Retirees Facing Pressure From Higher Cost Of Living And Increasing Debt In Retirement

Heartland has seen a significant increase in Reverse Mortgages being used to repay debt. Among the most affected by the increasing living costs are retirees, many of whom are trying to get by on NZ Super alone... More>>