VANCOUVER — BC Ferries has received $67.9 million in insurance compensation for the sinking of the Queen of the North. Monday’s news came as the corporation announced its year-end results that show net earnings of $49.9 million, up $14.7 million compared to 2005. “You need the earnings to go out and spend the money to rebuild what has become a pretty beat-up ferry system,” corporation CEO David Hahn said. The Queen of the North sank March 22 after striking Gil Island in Wright Sound in 430 metres of water.
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about 20 years ago
BC Ferries receives $67.9 M insurance claim
VANCOUVER — BC Ferries has received $67.9 million in insurance compensation for the sinking of the Queen of the North. Monday’s news came as the corporation announced its year-end results that show net earnings of $49.9 million, up $14.7 million compared to 2005. “You need the earnings to go out and
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