"Given the amount of time it would take to rebuild this, they have decided to focus their efforts on hot tapping,'' Mr Anderson said.
Hot tapping involves pumping water through the ship's deck into the fuel tank, raising the oil to the top so it can be pumped out.
Mr Anderson said it was a slower way to recover the oil but the best option available to the salvage team.
"The safety of the salvors is always the priority, and the destruction of the coffer dam really highlights how challenging the situation they are working in is.''
Mr Anderson said the team had set up two hot taps and was now pumping water into the starboard tank.
Another salvage team was pumping lubricant and hydraulic oils in the engine room into a centralised tank. These were being transferred to the barge Awanuia.
Svitzer was now looking ahead to the next phase of the salvage operation and preparing to remove containers from the vessel.
The crane barge ST60, from Gladstone in Australia, had arrived and would be used to remove containers once the fuel recovery was complete.
"Salvage efforts have concentrated on fuel recovery as the first priority of the operation. However, behind the scenes, a lot of work is also going into preparing for the second stage, which is removing the containers and, eventually, the wreck,'' Mr Anderson said.
Meanwhile, national on-scene commander Alex van Wijngaarden said volunteers had so far dedicated a total of 13,000 hours to the clean-up effort on the Bay of Plenty coastline.
"This is truly a massive effort and we are hugely grateful. We really couldn't do it without them,'' he said.