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Afunday Spencer 74 underwater in Puerto Rico

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Afunday Spencer 74 underwater in Puerto Rico

Old 03-19-2019, 12:57 PM
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Originally Posted by tboylan View Post
That's interesting. Surely a boat like that could never be abandoned underwater here in the States. What else can you get away with down there?!
PR is the united states....... They have to comply with all CG and EPA regs.

Think of it as an unofficial state. Just like some southern states, local regulations are lax.

Btw, why wouldn't you repair the hull in PR? Labor is cheap and it would surely be cheaper to ship a couple of skilled engineers down to oversee the work than try to haul it back to the mainland.

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Old 03-19-2019, 01:30 PM
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Originally Posted by gerg View Post
PR is the united states....... They have to comply with all CG and EPA regs.

Think of it as an unofficial state. Just like some southern states, local regulations are lax.

Btw, why wouldn't you repair the hull in PR? Labor is cheap and it would surely be cheaper to ship a couple of skilled engineers down to oversee the work than try to haul it back to the mainland.
I believe the owner of the boatyard in Maryland bought the rights to the boat and shipped it north.
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Old 03-19-2019, 01:55 PM
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Two year restore, not bad. I've seen center consoles on here take longer. Great to see her back in the water - she's a beauty.
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Old 03-19-2019, 02:16 PM
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There is a story on her repair in this momth’s issue of “Wooden Boat Magazine”. Good read, really!
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Old 03-19-2019, 02:54 PM
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dpdash, boatruptcy and Shoresscow like this.
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Old 03-19-2019, 03:36 PM
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Very interesting read in that proboat link. The effort was massive and seems very well executed...
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Old 03-19-2019, 03:50 PM
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I know where I'd like to be on Friday. If the crabs ain't awake now, they will be on Friday!!!!!
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Old 03-19-2019, 03:53 PM
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That was a fantastic read, thanks for the link.
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Old 03-19-2019, 05:56 PM
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Great read, thanks.
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Old 03-19-2019, 06:01 PM
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Originally Posted by gerg View Post

Just like some southern states, local regulations are lax.
You think this is still the 1800s?
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Old 03-19-2019, 06:04 PM
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She floats again
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Old 03-19-2019, 06:10 PM
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A

​​​​​​And she's wet again
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Old 03-19-2019, 06:20 PM
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Thanks for the update and the link. That was a well crafted read brimming with substantive material. This vessel is an absolute looker. Any guesses on what the boat sells for? The Price is Right Rules are in play.
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Old 03-19-2019, 06:47 PM
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Fucking impressive
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Old 03-19-2019, 06:56 PM
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I’m thinking that was a $3 million rebuild. Add the cost of salvage , transportation, ins, would there actually be any profit. You are still selling a salvage boat that would require a deep discount.
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Old 03-19-2019, 07:06 PM
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Originally Posted by NYC2MTK View Post
Thanks for the update and the link. That was a well crafted read brimming with substantive material. This vessel is an absolute looker. Any guesses on what the boat sells for? The Price is Right Rules are in play.
$1
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Old 03-20-2019, 03:10 AM
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What an amazing save. Thanks for the update.
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Old 03-20-2019, 04:47 AM
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Originally Posted by NYC2MTK View Post
Thanks for the update and the link. That was a well crafted read brimming with substantive material. This vessel is an absolute looker. Any guesses on what the boat sells for? The Price is Right Rules are in play.
New she was north of 6.5 so..

Resale i would guess low 4.

From what I gather, the owner of the marina picks up projects to supplement when work may get slow to keep his employees working. I cant imagine he bought the boat with intentions of making 2-3 million.

And yes that read was incredible.
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Old 03-20-2019, 06:13 AM
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Originally Posted by fireisland1 View Post
I’m thinking that was a $3 million rebuild. Add the cost of salvage , transportation, ins, would there actually be any profit. You are still selling a salvage boat that would require a deep discount.
I believe, based that it was a new boat when damaged and on the way it was repaired, to naval standards, they are looking to have it listed and sold as new or as close to it as possible......there is no "salvage" declaration on a boat like there is on a totaled car. Or so I'm told.
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Old 03-20-2019, 06:52 AM
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great read. from the article, seems they were reading THT.

"In the rush of online attention and misinformation immediately following the grounding, a number of wags on fishing and powerboat forums had joked about slapping on some plywood patches, strapping on a couple of outboards, and driving the distressed boat to Florida to rebuild in their backyards. The actual solution was more complicated but only slightly more elegant."
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