Good News for Incat

The Australian Broadcasting Corp. has reported that Incat, in receivership since March, has completed the partial sale of one of its vessels, for $20 million, significantly aiding the financially stricken company. According to the report, Sydney-based Record Investments has acquired an interest in one of the company's older catamarans. Incat reportedly retained a stake in the vessel due to a variety of potential charterers interested in the vessel.