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International Ship Traders Ltd News

07 Aug 2002

MARAD Approves Tanker Scrapping

The Maritime Administration (MARAD) has given approval to International Ship Traders Ltd., Wilmington, Del., to sell the 21,415-gross-ton tanker MORMACSKY to Priyank Shipbreaking Co. Pvt Ltd., for scrapping in India. The vessel was built in 1977 in San Diego, Ca. MARAD's approval is required under section 9 of the Shipping Act, 1916, as amended.

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