Bob Hampton's Majuro Shipwreck

In 1983 I spent a couple of days on Majuro, the Capital of The Marshall Islands.  Somewhere along the shore of the island I noticed this broken old ship.  No one seemed to know anything about it, except that it had collided with the reef during a storm.

The name on the bow proclaimed it to be "#265 Nam Hae".  I suppose it was a Japanese or Korean fishing vessel.