‘Ghost’ is cast off; dismantler goes missing

Nov 05, 2007 | 01:55 PM |

A shipyard in Sparrows Point, Md., which had been dismantling some of the U.S. Navy's defunct but potentially hazardous cargo vessels from the James River Reserve Fleet, known as the "Ghost Fleet," apparently has gone missing.

North American Ship Recycling Inc. (NASR) appears to have ceased operations as of September, shortly before Clean Venture Inc., Elizabeth, N.J., won a lawsuit against the company Sept. 26 following nearly two years of legal wrangling. The suit against NASR, filed in November 2005, stemmed from its failure to pay $750,000 to Clean Venture for the removal of hazardous substances—asbestos, polychlorinated biphenyls (PCBs) and waste oil—resulting from NASR's scrapping of two Ghost Fleet vessels Lauderdale and Mormacmoon.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results