Cayman Reporter
November 1, 2016
The Cayman Islands Government; and TDE Maritime, the owner
of the M/Y Tatoosh, have reached an agreement in relation to coral that was
damaged in Cayman Islands waters – specifically, the Seven Mile Beach Park –
between 12-14 January this year.
No admissions of fault were made, neither was there any
disclosure on costs associated with restoration of the coral or associated fees
for damages to the marine park.
“Losing any of our coral affects not only the stability of
our environment, but also our economy”, said the Minister of Environment, Wayne
Panton. “The agreement with TDE Maritime therefore reflects a value
commensurate with the loss of our public resource and facilitates a permanent
mooring solution in Seven Mile Beach Park, “he said.
The
agreement was made without admissions from either party regarding the January
incident. Speaking for TDE Maritime, Mr Paul G Allen noted, “We are committed
to environmental stewardship, with a proven history of working to improve ocean
health through research, innovation and policy change. Our experience around
the world in ocean conservation has proven that real change requires dedicated,
long-term investment to have a meaningful effect”, he said. Mr Allen further stated, “We share the Cayman
Islands Government’s goal of responsible management of the natural environment;
and this agreement will help preserve the reefs and ecosystem for future
generations”. Minister Panton said the agreement settles the matter between the
parties. “Our goal was to work with TDE Maritime in order to reach the best
agreement for Cayman; and we achieved this goal because of our shared
commitment to the environment,” he said.
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