MARAD APPROVES TANKER SALE TO SINGAPORE CORPORATION
The U.S. Maritime Administration has approved a request from Fairbanks Trading Inc., Cedar Rapids, Iowa, to sell the tanker Fairbanks to Silvia Shiptrade Pte. Ltd., of Singapore.
The 57,691-gross-ton tanker, built in 1974 in Sparrows Point, Md., will be scrapped in Bangladesh.