16. The 2011 Rena Monrovia Shipping Debacle
Year: 2011
Location: Astrolabe Reef, New Zealand
Company: Daina Shipping, a subsidiary of Costamore
Estimated Damage Value: $108 million*
In 2011, the Rena Monrovia container ship, owned by Daina Shipping, struck Astrolabe Reef off New Zealand, causing a significant spill. With damages around $108 million, this incident showcases how some maritime disasters might be preventable with better vigilance.
This mishap resulted in a massive $240 million cleanup effort after the ship, moving at full speed, leaked cargo into the ocean. Navigation errors were blamed for the crash, leading to a dismissal of the crew. The ship remained on the reef until it split in 2012 due to harsh weather.