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Formosa Agrees to Fine for Damages

Formosa Agrees to Fine for Damages

The owner of the luxury yacht Formosa, which damaged hundreds of feet of coral in Kailua Bay, was ordered to pay a settlement of $100,000. While this is a hefty fine, the damage done to the coral was extensive. Once the payment is made, the money will go into a trust fund which will be used for coral restoration in West Hawaii. Major Damage Photographs and video footage of the yacht’s anchor and chain lying on the coral surrounded by Learn more