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CMA Shipping 2011

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The “Company Men”

Though many of us have experienced final scrap voyages to Alang as a result of age, overcapacity or falling freight markets, few have witnessed an actual newbuilding auctioned before the hull ever had a chance to taste saltwater. We had that opportunity last week in New Orleans and Alabama as the machinery, steel, partially completed modules and equipment for hulls 104 and 105 of the bankrupt American Heavy Lift virtual shipbuilding project were put on the blocks by liquidators Hilco Industrial and Myron Bowling Auctioneers.

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