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Joseph Cotterill
@jsphctrl.ft.com

The auctioneer for the Mozambican tuna boats got in touch (to say thanks for helping the sale get more visibilty via @alphaville.ft.com). So… any questions for them regarding the auction?

Joseph Cotterill@jsphctrl.ft.com

Mozambique's infamous tuna boats are up for auction. The base price for the lot ($10mn+) is a bit high for me to grab a rusty memento of years of reporting, but given the original loan for them was $850mn (out of the $2bn hidden debts) - it's a steal. Literally. www.bloomberg.com/news/article...

bloomberg.comTuna Boats at Heart of $2 Billion Mozambique Scandal Up for SaleThe tuna fishing fleet at the center of a $2 billion corruption scandal, which scuttled Mozambique’s economy and triggered court cases across three continents, is up for auction.

5 reposts8 likes

Teal
@tealemery.bsky.social

If I'm read it right, it looks like the boats are going for $400-500k a piece depending on quality. What is the auctioneer’s estimate of how much these boats (should have) actually cost new?