| Have you ever wondered what a slightly used oil | | | | off in the secondary market to other operators. |
| tanker may be worth? You will be amazed to | | | | Finding a good oil tanker is not hard and a high value |
| discover that there is a thriving market for used | | | | use for one would be to rehab it and create an off |
| barges and oil tankers. You can Google "buy used | | | | shore motel near a capital city. Because you wont be |
| ship" and see for yourself. These vessels are so | | | | using it to travel, you don't need to get the |
| inexpensive for what they are. This article explores | | | | International Marine Safety certificate. Once delivered |
| one idea that can be done with a used oil tanker. | | | | to its new permanent moorings, it will never travel to |
| When governments and large corporations have | | | | see again. |
| finished with an oil tanker because its sea worthiness | | | | Mooring costs are not cheap, especially close to a |
| is under question and the cost to restore it is | | | | Capital city, but you can view the boat as a lot of |
| prohibitive, they decide to sell it. There are many | | | | land. If you paid say $50,000 for it and got a great |
| brokers that deal in these vessels and you will be | | | | deal, this boat really represents 10,000 square meters |
| surprised how little you can pay for one of these | | | | of commercial real estate, so in real terms if you |
| behemoths of the sea if you made a low offer. | | | | compare the boat to buying a building in a capital city, |
| To the entity that is selling the ship, the thing is a | | | | you are doing exceptionally well. |
| liability and they will be glad to do a deal and close | | | | Investing around $200,000 to fit it out properly with |
| the books on the boat. Many tankers are bought for | | | | a kitchen and maybe a few night clubs on the upper |
| less than the cost of their value in scrap metal, which | | | | levels with motel suites on top, you could really have |
| is around $10,000 | | | | an incredible investment. The novelty of a floating |
| India has hundreds of these tankers bought and | | | | hotel cannot be under estimated and it will impress |
| shored on the beach. Thousands of laborers toil to | | | | not just patrons. You could put up your finished |
| remove all items of value for the owner and | | | | floating hotel immediately on the market for triple |
| systematically extract the retail value of the metal. | | | | what it cost you and I am certain there will be |
| The engines are often still good and these are sold | | | | entrepreneurs that will be interested in your creation! |