Owner of fishing vessel offers 4 million rands for salvage costs

Andiswa Mkosi
25 June 2012

The owner of the Japanese fishing vessel which recently ran aground in Cape Town has offered to pay just over four-million-rand for salvage costs.

The SA Maritime Safety Authority regional manager Gustav Louw says they will accept the offer even though it cost seven-million-rand to pull the liner off Clifton beach last month.

Louw says they would get far less from a judicial sale because of added court costs.

He also says that the vessel would also need repairs which could cost more than eight-million rand.