June 23, 2009
WSF gets $200,000 for Steel Electrics
Washington State Department of Transportation Ferries Division (WSF) has finally sold four 1927-built Steel Electric class vessels for scrap. Against a background of declining steel scrap prices, is getting $200,000 for all four from Eco Planet Recycling, Inc. of Chula Vista, Calif.
Last September, WSF said that it had sold the ferries to Environmental Recycling Systems (ERS) of Seattle in a deal that would have seen ERS pay the state $500,000, plus 10 percent of the recycling revenue, expected to be about $200,000. ERS would have also paid the cost of towing the boats to Lazaro Cardenas, Mexico. for scrapping. That deal fell through as steel scrap prices started to plummet.
This time, Washington State has at least gotten its money. The Washington State Department of General Administration approved the sale on Wednesday, June 17 followed by completion of the signature process on Thursday, June 18. Receipt of the payment was confirmed late on Friday, June 19.
The ferries are currently tied up in Bainbridge Island at the ferry terminal and Eagle Harbor Maintenance Facility. The ferries are scheduled to be towed to Ensenada, Mexico beginning in mid to late-July--pending weather conditions and completion of towing preparation-- where they will be recycled.