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Yacht owners agree to $375K settlement for 2023 grounding at Honolua Bay

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Source: Maui News

Local News Yacht owners agree to $375K settlement for 2023 grounding at Honolua Bay By Eli Pace November 14, 2026 5 min read The 94-foot yacht Nakoa sits grounded at Honolua Bay in February 2023. The state Board of Land and Natural Resources approved a $375,000 settlement with the yacht’s owners on Friday for damage caused by the grounding. Photo courtesy DLNR Trending The state Board of Land and Natural Resources on Friday approved a $375,000 settlement with the owners of a 94-foot yacht that ran aground at Honolua Bay in February 2023, damaging coral and live rock along the shoreline. The Hawaii Department of Land and Natural Resources' Division of Aquatic Resources had recommended the board approve the settlement with Kevin and Kimberly Albert and the Albert Revocable Trust.

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