The Tall Ships Youth Trust have announced that their 60 m Brig, Stavros S Niarchos, is to be put up for auction in September. A statement from the Trust says; 'This is is a sad moment for everybody, but delivering our mission to help disadvantaged young people is no longer achievable with the Stavros. We want to replace her with a more cost-effective and affordable ship.'
'C.W. Kellock & Co. Ltd, a London based shipbroker with nearly 200 years of experience, has been appointed to run a public closed bid auction that finishes on 20th September. With their expertise, we are confident that this option will produce the very best outcome for the Trust.'
Details of the auction are on https://www.eggarforresterships.com/auctions/STAVROS-S-NIARCHOS There is no reserve price, although those that can't wait can buy the ship now for £ 3.5 Million.