I still don’t understand why he doesn’t go ahead and scrap the ship for 100K and pay Beyel the dockage fee and keep the rest. Whatever’s left is still more than what he had before.
“Butler said they rejected a deal where the first $50,000 from the scrapping of the ship would go to Beyel Brothers, with the next $50,000 going to the charity. Butler said they needed the money up front to surrender the ship.”
Because the article says Beyel won’t release the boat to be scraped until he pays the docking fee up front and he doesn’t have that money to pay.
He is probably unable to move the boat as long as he owes the fees.