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 August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Salvage

Sunken Towboat Lifted from Neches River

A towboat that sank in Texas' Neches River August 21, and caused a temporary closure of the waterway, was lifted out of the water Wednesday Evening. T&T Marine,

Fishing Boat Catches Fire off Maine

U.S. Coast Guard crews from Station South Portland, Maine, and Air Station Cape Cod responded to a report of a fishing boat fire Wednesday, about six miles from Jeffreys Ledge,

Collaboration Helps Save 2 from Sinking Yacht

The U.S. Coast Guard, the Alpena Sheriff's Department and several good Samaritans are assisting two men aboard a 42-foot sailboat that began taking on water early

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators 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: 0.2505 sec (4 req/sec)