The crippled MV Rena could be a blot on the Bay of Plenty coastline well into next year if bad weather doesn't smash it apart and the cost of the clean-up and long salvage operation could stretch to $100 million.

Costamare told investors it purchased secondhand container ships, including the Rena, at a good time and is making a yield of 32 per cent on them.

Filipino authorities are rushing to send home most of the crew of the stricken container ship Rena amid concerns for their safety and public anger towards the Filipino community. Yesterday, 11 crew members were put on flights to the Philippines...