MarAd Approves Sale of Vessel

Thursday, July 26, 2007
The Maritime Administration has approved the sale and transfer of a vessel under section 9 of the Shipping Act, of 1916, as amended. MarAd has approved an application to sale Eastern Overseas, Inc., of Davenport, Florida for the sale of the ARGONAUT, Official No. 601377. The freight ship was sold to Maritime Delivery Inc., a British Virgin Island corporation, for scrapping in China.
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