MarAd approves U.S.-flag vessel transfer to Canadian registry
The U.S. Maritime Administration has approved Rocky River, Ohio-based Minch Transit Co.’s sale of the 11,073-gross-ton cargo vessel “Kinsman Independent” to McKeil Work Boats Ltd. of Canada.
The U.S.-flag vessel, built at Bay City, Mich., in 1952, will also be transferred to the Canadian flag registry.
Under section 9 of the 1916 Shipping Act, MarAd must approve all flag transfers and overseas scrappings of U.S.-flag vessels.
