MARAD Approves Transfer and Sale of Vessels

The U.S. Maritime Administration (MARAD) issued a Bulletin stating that it has approved three applications under Section 9 of the Shipping Act, 1916. Sales of the liquid sulfur carrier MARINE DUVALL and the tanker PATRIOT for scraping were approved. Transfer of the offshore drilling unit PRIDE WEST VIRGINIA to Vanuatu registry and flag, without change in ownership, was also approved. Source: HK Law