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Ireland's sailing, boating & maritime magazine

Displaying items by tag: Seized Ship Sold

15th June 2013

Seized Bulk-Carrier Sold at Auction for €4.8m

#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

Tagged under

About the Endurance II Replica Project

An Irish project has been launched on the 150th anniversary of explorer Ernest Shackleton's birth, to build a replica of his ship, Endurance II, in County Kildare.

The project has high-profile patrons such as the Prince Albert II of Monaco, Alexandra Shackleton (Shackleton's granddaughter), and Richard Garriott, the President of the Explorer's Club.

The project is still at the concept stage, so the estimated cost of construction, which is expected to be around €14m, and the annual operational budget of €1.5m are not yet confirmed.

The project organisers are seeking $600,000 (€556,350) from 12 "founders," who will each contribute $50,000. The chairman of private investment firm Kilcullen Kapital Partners, Galway-born O’Coineen, bought the Business Post newspaper in 2018.