Largest liveaboard *ever* sells for US .01 - Page 2 - SailNet Community
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post #11 of 26 Old 10-23-2013
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Re: Largest liveaboard *ever* sells for US .01

Uh, Ferret, the only way to get fuel oil to glow in the dark is to light the darned stuff on fire. Though there probably is hazmat in the form of asbestos insulation, grease, CRTs and various generations of electronics, etc.

The Navy contract for dismantling ships such as the Forrestal is limited to conventionally powered vessels.
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post #12 of 26 Old 10-24-2013
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Re: Largest liveaboard *ever* sells for US .01

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Not that much really. And the towing cost to get it to a yard capable of scrapping something this large is going to be substantial (Pennsylvania to Texas). Seeing how it was sold to the highest bidder at public auction I am guessing that no one else wanted it.
Scrap value of a ship is right around $425 per ton. For a VLCC that can be $10 - $20 million dollars.

What is the dwt of this ship?
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post #13 of 26 Old 10-24-2013
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Re: Largest liveaboard *ever* sells for US .01

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Carrier sells for a penny
  • 990 feet at waterline
  • 1,067 feet length overall
  • 125 foot beam
  • 81,000 pound displacement
That should be 81,000 *ton* displacement.
That's at full load, she's about 60,000 at "standard" displacement.

Holy cow, that's quite a few Benehuntalinas.

Couldn't we turn it upside down and use it as a bunker or something?

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post #14 of 26 Old 10-24-2013
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Re: Largest liveaboard *ever* sells for US .01

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Scrap value of a ship is right around $425 per ton. For a VLCC that can be $10 - $20 million dollars.

What is the dwt of this ship?
I just shopped scrapping a ~30 ton vessel, and was offered a max of $3,000 delivered. But they required removal of all fuel, oil, and other pollutants.

Like I said, it was sold at auction, with public notice... Anyone who wanted her was welcome to show up and bid. So clearly no one wanted it.

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post #15 of 26 Old 10-24-2013
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Re: Largest liveaboard *ever* sells for US .01

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Originally Posted by Stumble View Post
I just shopped scrapping a ~30 ton vessel, and was offered a max of $3,000 delivered. But they required removal of all fuel, oil, and other pollutants.

Like I said, it was sold at auction, with public notice... Anyone who wanted her was welcome to show up and bid. So clearly no one wanted it.
Do you have a citation to that sale?

Here are some other sales:

http://www.gmsinc.net/gms/news/lloyd...0per%20ldt.pdf
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post #16 of 26 Old 10-24-2013
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Re: Largest liveaboard *ever* sells for US .01

Probably would be a real problem single handing ..... especially when docking!
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post #17 of 26 Old 10-24-2013
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Re: Largest liveaboard *ever* sells for US .01

I couldn't afford one bottom-cleaning.

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post #18 of 26 Old 10-24-2013
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Re: Largest liveaboard *ever* sells for US .01

I wonder how many masts could be lined up on the flight deck for wind power
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post #19 of 26 Old 10-24-2013
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Re: Largest liveaboard *ever* sells for US .01

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Originally Posted by Stumble View Post
I just shopped scrapping a ~30 ton vessel, and was offered a max of $3,000 delivered. But they required removal of all fuel, oil, and other pollutants.

Like I said, it was sold at auction, with public notice... Anyone who wanted her was welcome to show up and bid. So clearly no one wanted it.
Oh, and I am all for the "fair is fair" argument, and perhaps there is some logical reason this sold at auction for .01.

But let me ask you this. If you were out sailing and entrusted me to sell your $5 million dollar home, and I had a fiduciary duty to you, would it be reasonable for me to explain to you that it sold at auction for $.01? Sometimes auctions are not the best way to sell things when you truly are trying to maximize the return as the feds ought to be doing.
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post #20 of 26 Old 10-24-2013
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Re: Largest liveaboard *ever* sells for US .01

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Oh, and I am all for the "fair is fair" argument, and perhaps there is some logical reason this sold at auction for .01.

But let me ask you this. If you were out sailing and entrusted me to sell your $5 million dollar home, and I had a fiduciary duty to you, would it be reasonable for me to explain to you that it sold at auction for $.01? Sometimes auctions are not the best way to sell things when you truly are trying to maximize the return as the feds ought to be doing.
"The Feds" had plenty of return on Forrestal. It served the Navy for 35 years! As it is, it would cost more than it is worth for the Navy to scrap it or clean it up for use as a reef. I am sure they were happy to let somebody else take over the costs of towing, docking, and cutting her up. As taxpayers we should also be happy that we aren't footing the bill for the hundreds of thousands of man-days it will cost to cut her into razor blades.
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