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 Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Salvage

South Korean Teens: Left to Escape Sinking Ferry

Students testify no help came from crew; Coastguard rescuers were passive, only pulling passengers out. Crew in a state of panic, witness says. Six teenagers

Coast Guard Responds to Grounded Freighter in Lake St. Clair

The Coast Guard has responded Sunday to a 656-foot freighter that was hard aground in the downbound shipping channel of Lake St. Clair. Initial reports indicate

Bulk Grain Carrier Aground in Lake St. Claire

The Coast Guard informs it is responding to a 36,563 dwt 656-foot freighter that is hard aground in the downbound shipping channel of Lake St. Clair. Coast Guard

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.0970 sec (10 req/sec)