Ship Bound for Breaking Finds New Career

Thursday, November 05, 2009

The Margaret Hill, a 50,700 tonne liquid natural gas tanker, was stopped from leaving the UK’s Southampton docks in August this year. The Environment Agency took swift action after it received intelligence that the ship was bound for dismantling on the Indian subcontinent, where ships are routinely broken up on beaches in conditions which put workers and the environment at risk. Due to its age, the Margaret Hill is likely to contain hazardous materials such as asbestos.
 
Waste ships containing hazardous materials can only be dismantled at properly authorised dismantling facilities in either the EU or an Organisation for Economic Co-operation and Development (OECD) country.
 
Since detaining the ship in August the Environment Agency has worked with Fortress Credit Co LLC which became the mortgagee in possession of the Margaret Hill – to find a suitable legal alternative. All parties to the sale and refurbishment have provided the necessary contracts and evidence to demonstrate there are no reasonable grounds to detain the vessel any longer.
 
The ship is now destined to be refurbished in Dubai before being put back to use as a floating treatment plant for liquid natural gas. It is due to sail to Dubai from Southampton docks as soon as practicable.

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

Environmental

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

Vessels

COSCO Delivers Bulker

The Board of Directors of COSCO Corporation (Singapore) Limited announced that COSCO (Dalian) Shipyard Co., Ltd a subsidiary of the Company's 51% owned COSCO Shipyard Group Co.

Navy to Commission Submarine North Dakota

The Navy will commission its newest attack submarine North Dakota, during a ceremony Saturday, Oct. 25, 2014, at Submarine Base New London in Groton, Connecticut.

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion 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: 0.1143 sec (9 req/sec)