MarAd Sells Two Reserve Fleet Ships for Recycling

Wednesday, May 31, 2006
The Department of Transportation’s Maritime Administration (MarAd) has sold two obsolete vessels in its Beaumont Reserve Fleet for recycling. Southern Scrap Material Company, LLC (SSMC), of New Orleans, La., has purchased two vessels, Allison Lykes and Mallory Lykes, both located in the National Defense Reserve Fleet, Beaumont, TX, for $50,000 apiece. Both vessels are cargo ships built in the mid-1960s. The two ships are scheduled to leave the fleet site for New Orleans the last week of June. “MarAd is taking advantage of the high global prices for recycled steel to get the best bargain for the American taxpayer,” said Acting Deputy Maritime Administrator Julie Nelson, noting that, in the recent past, MARAD has often had to pay to have the ships recycled. “We look forward to more such sales in the near future.”

This is the first MarAd contract for SSMC. Like many other Louisiana businesses, it was hard hit by Katrina. SSMC President, Joel Dupré, stated, “All of us are looking forward to getting back to a pre-Katrina business atmosphere. We expect the federal vessels we buy to help us achieve that goal.” MarAd maintains three National Defense Reserve Fleet sites, holding a reserve of ships for defense and national emergencies. When ships are no longer considered useful for defense or aid missions, MarAd arranges for their responsible disposal.

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

People & Company News

Gazprom & Eni Close Rank

Sochi hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Claudio Descalzi, Chief Operating Officer of Eni.

MacGregor's Deck Equipment For Chinese Shipyard

MacGregor, part of Cargotec, has secured a comprehensive deck equipment contract from New Times Shipyard, in China, for Intership Navigation Co Ltd's three new 36,500 dwt Laker-class bulk carriers.

Strategy Can Maximize UKCS potential

Companies operating in the North Sea require a cultural shift to make the most of the its potential, according to a new report from Deloitte, the business advisory firm.

 
 
Maritime Careers / Shipboard Positions Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.2074 sec (5 req/sec)