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Displaying items by tag: Seized Ship Sold

#SoldShip – The Belize flagged bulk-carrier Clipper Faith (1998/19,354grt) seized in Dublin Port in March as previously reported on Afloat.ie has been sold at auction for €4.8m reports RTE News.

The crew who had not been paid since December 2012, were paid off and repatriated to their native Ukraine last month following intervention by the International Transport Workers' Federation.

The Clipper Faith was sold to a Greek shipping company. The sale price will now be given to the Admiralty Marshall for distribution to creditors who include Dublin Port and the Amsterdam Trade Bank.

 

Published in Ports & Shipping

About Quarter Tonners

The Quarter Ton Class is a sailing class of the International Offshore Rule racing the Quarter Ton Cup between 1967 and 1996 and from 2005 until today.

The class is sailed by smaller keelboats of similar size and is likely the world's most-produced keelboat class.

The Ton, Half, Quarter, etc. 'classes' were each given a 'length' and yacht designers had almost free rein to work the hull shapes and measurements to achieve the best speed for that nominal length.

The Ton Rules produced cranky and tender boats without actual downwind speed. Measurement points created weird, almost square hull shapes with longish overhangs.

They were challenging to sail optimally and lost value very quickly as any new wrinkle (e.g. 'bustles') to take advantage of the rule made older boats very quickly uncompetitive.

Although its heyday was 30 years ago, the boat class continues to make its presence felt by holding its own in terms of popularity against some fern race fleets.