Salvagers will use a crane barge to raise the commercial fishing vessel Susan Rose off the ocean floor, from where it sank off Point Pleasant Beach.
A winter of storms and flooding has caused the number of sunken boats on the Norfolk and Suffolk Broads to more than double. There have been 10 wrecks this winter compared to four last year.
The Susan Rose sank off the coast of Point Pleasant Beach in November 2023. Efforts are underway to finally remove the vessel.
Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. In accounting, finance, and economics, all sunk costs are fixed costs.
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