DOT Sells Two More Ships for Recycling

Friday, July 10, 2009

The U.S. Department of Transportation’s Maritime Administration has sold two ships for recycling to Esco Ltd. of Brownsville, Texas for a total of $171,452.

Resolute, a partial container/breakbulk ship built in 1980, brought a purchase price of $90,726. Resolute is currently moored at the James River Reserve Fleet site in Newport News, Va. Gulf Farmer, a breakbulk cargo ship built in 1964, brought a purchase price of $80,726.  Gulf Farmer is at the Beaumont Reserve Fleet site in Texas. 

Both ships, which are to leave their respective fleet sites within 30 days, are to be recycled, which is the most common method of ship disposal used by the Maritime Administration. When a ship is recycled the recycler often salvages and sells metal and other materials.  Because the worldwide market for such materials fluctuates rapidly and often, the Maritime Administration finds the best bargain for the taxpayer by offering the ships for sale first, and if there are no buyers, paying for their disposal.

The Maritime Administration stores ships at three National Defense Reserve Fleet sites: the James River site, the Beaumont Reserve Fleet in Texas, and the Suisun Bay Reserve Fleet in California. 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Salvage

Tanker Allision on the Piscataqua River

The U.S. Coast Guard says it is continuing to monitor the condition of the chemical tanker Chem Venus, after it allided with three unoccupied, moored sailboats

Williamson Named GM of Donjon-Smit

Donjon-Smit, LLC, an OPA-90 Alliance, announced that after a recent Board of Directors meeting Tim Williamson has been promoted to General Manager of Donjon-Smit,

Waterway Reopened after Barge Grounding

The U.S. Coast Guard has opened the Red River from mile marker 40 to mile marker 42 for vessel traffic, Monday.   The Red River had been closed due to a barge that had run aground at mile marker 41,

 
 
Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0553 sec (18 req/sec)