MarAd approves vessel scrapping, flag transfer requests
The U.S. Maritime Administration has approved a request from Oglebay Norton Marine Services Co. of Cleveland to sell the 9,589-gross-ton cargo vessel “Joseph H. Frantz” to International Marine Salvage for scrapping in Canada.
The vessel was built in River Rouge, Mich., in 1925.
The agency also approved Baltimore-based Vane Line Bunkering’s sale of the 2,674-gross-ton tank barge “VB 40,” to Porteadoes del Noroeste S.A. de C.V., a Mexican corporation, and transfer the vessel to the Mexican registry and flag. The barge was built in Houston in 1970.
Under section 9 of the 1916 Shipping Act, MarAd must approve all U.S.-flag vessel scrappings and overseas transfers.