CBC News reports that the tug Craig Trans was sold at auction on February 17 for $1,000 to local buyer Mike Parsons. Mike has been in the ship scrapping business before, and also buys and sells surplus marine equipment, so he must have seen something of value in the old tug.
His was the only bid, and compares with the $13,000 paid by the last owner when it was sold after it was auctioned against debts in the port. That owner walked away from the tug and several other derelict vessels in Nova Scotia when scrap metal prices tanked.
It remains to be seen what will happen to the Craig Trans now, but it must be moved from its current berth at the Secunda pier in Wright's Cove where it was abandoned.
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