Hi Herb, we are a bit off topic, but just a couple more pages about concrete boats.
http://www.hartley-boats.com/ferro.htmlOften referred to as 'concrete', which is a misnomer, in reality it is steel reinforced plaster (SRP). Introduced more than 200 years ago for boatbuilding (there are still surviving craft almost that age).....
It is estimated that more than 80% of all amateur owner built monohull boats that have made extended ocean voyages, are of ferro-cement construction.
Also
http://www.ferroboats.com/Now if you look around the sailing blogs you soon get an idea of the insurance and survey issues.
When concrete is good it is very very good but when it is bad it is deadly.
Now back on topic:
The story is getting more interesting. I do wonder if the guy was doing a dope run, now that the cops have involved themselves.