A semi-submerged passengership has been stabilised and is ready to leave the port of Piraeus.
As the video below shows, Antipollution ANE has completed the first stage of the removal project for the 5,122-gt Panagia Tinou (built 1972).
</div><p >The Panagia Tinou developed a list in April 2016 under unclear circumstances.</p><p >It remains there as of today as bureaucracy delayed its removal.</p><p >The vessel was previously owned by Ventouris Sea Lines but was seized by the Navy Retirement Fund (NAT) over outstanding debt.</p><p >OLP, the port authority of Piraeus, took control of Panagia Tinou later and coordinated its removal.</p><p >As TradeWinds has reported, the scrap value of the ship could be around EUR 0.6m ($0.63m).</p><p >You can watch the timelapse video created by Antipollution here.</p><style >.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }</style><div class="embed-container" ><iframe frameborder="0" height="360" src="https://player.vimeo.com/video/205573235" width="640"/></div></field><tag identifier="tag:regions@tradewindsnews.com,2012:Piraeus" relevance="0.9"/><tag identifier="tag:organization@tradewindsnews.com,2015:Ventouris_Sea_Lines" relevance="0.99"/><tag identifier="tag:organization@tradewindsnews.com,2015:Navy_Retirement_Fund" relevance="0.99"/><tag identifier="tag:regions@tradewindsnews.com,2012:Greece" relevance="1.0"/><tag identifier="tag:newstopics@tradewindsnews.com,2012:Passengerships" relevance="1.0"/></content></escenic></div></div>
