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Old 05-29-2013
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Re: It's Not Just Containers.....

First, this is a tiny ship and I would guess the yard in the DR would not make anything like $1 million on the steel. Perhaps it was going to be refurbished for the Caribbean cruise trade in a SD shipyard. There are a few similar size vessels in service there now.
Second, I would venture to guess that all the equipment and much of the electronics aboard is Soviet era and virtually valueless. The Soviets weren't well known for their quality manufacturing.
As a derelict it is subject to Admiralty Law and that is very cut and dried. If you towed it you would probably own it, as no one is going to pay for the tow. Then you would be liable should it sink and pollute or become a hazard.
Just a huge headache for all, and if it has sunk a pretty messy problem for quite a few years to come. If not........?
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