Navios Purchases Four LR2 Tankers for $250 Million
Angeliki Frangou’s Navios Maritime Partners (NYSE: NMM) has agreed to purchase four newbuild 115,000 dwt LR2 tankers. The vessels are being acquired for a purchase price of $58.5 million each,...
A small armada of boats carried curious visitors to the site as officials from Texas Parks & Wildlife Department (TPWD), the U.S. Coast Guard and the U.S. Fish and Wildlife Service observed the reefing. A TPWD helicopter hovered overhead to capture an aerial view of the event for the media and those who could not venture onto the Gulf waters. A number of former crew members of the ship made it through the rough seas aboard chartered and private vessels to witness the transition to her fourth and final life as home to sea life and a destination for divers and anglers. Perhaps many will now take up sport diving as a new hobby to continue visiting her as she surrounds herself with a growth of marine organisms. Scientists will soon be studying the development of the reef community. TPWD Artificial Reef Program staff will gather data on her exact location and orientation on the bottom, and provide a detailed report on this website.
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