
Work began Monday cleaning the M/V Spanky Paine and the M/V Honcho to prepare them for scrapping and eventual recycled use on the international metals market. 
Peninsula Scrap and Salvage are the new owners of the derelict ships, after the City of Homer handed over the titles in an agreement to salvage materials on the ships. It&rsquo;s a good deal for the Homer Port and Harbor, and the end of a long quest to rid the harbor of derelict ships whose moorage fees aren&rsquo;t paid even while they claim prime dock space.
&ldquo;We&rsquo;re getting the last commercial value out of them by breaking them down,&rdquo; said Harbor master Bryan Hawkins. It also means the ships&rsquo; salvageable parts aren&rsquo;t going to be wasted.