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Tuesday, 17 May 2011 20:36 Jonathan Mayuga / Correspondent

THE Department of Environment and Natural Resources (DENR) wants the owners of MV Double Prosperity, which inflicted severe damage on Bakud Reef in Kaimba, Sarangani, on May 8, to pay dearly for its recklessness.

Aside from the cost of the damaged coral area, Environment Secretary Ramon Paje wants the total value of marine products that have been lost because of the accident computed and charged against the owners of the ship.

“We estimate that the immediate damage cost in Bakud Reef could run up to P42 million. But charging this amount to Double Prosperity is like giving a slap on the wrist of the ship’s owners, because invaluable marine products were lost as a consequence of the accident,” Paje said in a press statement. Read the full article