A UK admiralty court auction has shown there is sometimes a use for an elderly general cargoship — especially if the price is right.
A new company called Greta Marine, controlled by UK and Greek interests, has acquired the 1,300-dwt Liva Greta (ex-Elstar, built 1988) for a rock-bottom price of £55,000 ($78,000).
VesselsValue assesses the ship as worth $1.08m
