Hacker News new | past | comments | ask | show | jobs | submit login

This salvage operation is far more expensive than the scrap value of the ship and cargo.



But less expensive than the fines they'd eventually accumulate leaving it there.


There are also fines for polluting the water. It wouldn't surprise me if the harbor authority was also levying a daily fine for blocking access to the port.


Definitely, but it’s the difference between losing $100 million or $99 million. They’ve already sustained the loss, the only thing to do now is try and offset it.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: