by Guest » January 10, 2024, 9:25 pm
This is BrassTack, but for some reason I have been unable to log in with my Username for about three weeks.
I have a question about selling a ship for scrap. There are many references to selling a ship to someone like MRC in Port Colbourne where the ship is to be scrapped. I assume the owner gets paid some dollar amount for the sale, and the scrapper makes money on the metals and other materials recovered. But then there is the sale of the Norisle to MRC. Boatnerd reported that the owner of the Norisle had to come up with over $700,000 to consumate the deal with MRC. I realize that the Norisle had to be towed a great distance to reach Port Colbourne. In contrast, the Algoma Transport arrived in Port Colbourne under her own power. Is that the difference? Was shipping/delivery to Port Colbourne the major reason why the municipality had to pay over $700,000 while others sell and get paid for the ship to be scrapped? I find it hard to believe that tow charges could account for that big of a difference. Can anyone shed some light on this for me.
This is BrassTack, but for some reason I have been unable to log in with my Username for about three weeks.
I have a question about selling a ship for scrap. There are many references to selling a ship to someone like MRC in Port Colbourne where the ship is to be scrapped. I assume the owner gets paid some dollar amount for the sale, and the scrapper makes money on the metals and other materials recovered. But then there is the sale of the Norisle to MRC. Boatnerd reported that the owner of the Norisle had to come up with over $700,000 to consumate the deal with MRC. I realize that the Norisle had to be towed a great distance to reach Port Colbourne. In contrast, the Algoma Transport arrived in Port Colbourne under her own power. Is that the difference? Was shipping/delivery to Port Colbourne the major reason why the municipality had to pay over $700,000 while others sell and get paid for the ship to be scrapped? I find it hard to believe that tow charges could account for that big of a difference. Can anyone shed some light on this for me.