According to the firm that brokered the deal Kirby Marine Offshore sold the 1,200-hp Pacific Patriot (ex- Pacific King, built 1980) to a buyer that is based on the nation’s West Coast.
Marcon International claims the transaction was sealed on private terms but market sources contacted by TradeWinds believe the unit likely commanded less than $1m due to its age.
In a briefing about the deal the Washington-based brokreage noted that, prior to today, the vessel had been sitting in lay-up for a period of time one of its brokers described as “several years”.
While
