Aircraft Carrier Sells for a Penny!!!!

Oct
28
2013

Just recently the USS Forrestal sold for one cent in a bid for it to be scrapped. Yes I said 1 cent! If you do the math and figure out the scrap value of this ship, this sale shows the issues facing the economy of this country. The country wide average return for scrap metal is 33 cents a pound.

The Forrestal class aircraft carrier weighs nearly 102,000 tons, or 204,000,000 pounds. At .33 cents a pound, the value of this ship just in standard metal scrap (not counting the higher grades of metals used in the manufacture of a ship of this type, coppers, Inconel and other corrosion resistant grades) the value is roughly $67,320,000.00 dollars.

http://en.wikipedia.org/wiki/1967_USS_Forrestal_fire

http://en.wikipedia.org/wiki/1967_USS_Forrestal_fire

 

The questions this leaves me to ask are, why didn’t the US government sell this for greater value and where can I get on the list to buy the next aircraft carrier going up for scrap?

http://en.wikipedia.org/wiki/Scrap

http://en.wikipedia.org/wiki/Scrap

Had I known about this offering, I’d have paid at least a dollar for the whole ship!

http://www.cnn.com/2013/10/23/us/gallery/uss-forrestal/index.html?hpt=hp_c3

 

3 Comments

  1. Omar

    I am afraid you calculated the value of scrap, but you didn’t calculate the cost of turning the carrier to scrap.

  2. Khalid.Naeemuddin

    Total income out of scrap= Sale value of scrap $67, 320,000.00 – (Purchasing cost + Total expenses on scrapping + tugging cost of ship to scrap point )

    – 1 cent = $67, 320,000.00 – (1 cent + 300,000.00 + 20,000.00 )

    oh my god what a loss !

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