Obsolete ship sold for $1.3 million
The United States Department of Transportation’s Maritime
Administration has sold a ship from the Beaumont Reserve Fleet for more
than $1million, the first time under the current program that a ship
has brought such a price.
International Shipbreaking, Ltd., in Texas, will pay
$1,151,727 for the ship Adonis, now moored at the Beaumont Reserve Fleet
site in Texas. Three other government-owned, obsolete ships are also
being sold to the company for an additional $173,297, the Cape Catawba,
the Cape Canaveral and the Buyer.
These sales stand in contrast to most ship disposal
contracts in recent years, which have involved the federal government
paying to have its obsolete ships recycled. High worldwide prices for
scrap steel have recently made such ships more valuable to recyclers
who sell the steel and materials recovered from the ships.
Two of the ships being sold, the Cape Catawba and the
Cape Canaveral, are breakbulk freighters and when they depart the James
River site for recycling, they will be the 70th and 71st vessel to do
so since January of 2001.