Owner of bulk carrier Navio Amaryllis pays USD 10 million (MVR 154 million) to Maldives Monetary Authority (MMA) as compensation for damages incurred on Rasfari Reef in Male' Atoll, where it ran aground in August this year.
The bulk carrier was en-route to South Africa after departing from Tuticorin, India, when this incident occurred. The ship registered to Panama was 623 feet long, and had ran aground due to engine failure.