Why did a Sault marine operator purchase a 74-year-old disabled freighter?

Purvis Marine, a Sault Ste. Marie marine-services company, has acquired the 74-year-old freighter Michipicoten, which has been out of service since a hull fracture in June 2024. The ship remains at Fraser Shipyard in Superior, Wisconsin, and may be towed to Sault Ste. Marie for scrapping, though the company has not confirmed its plans or a transfer date. Transport Canada says the vessel is not authorized to return to service.