Garšar BA 64 is thought to be the oldest steelship in Iceland, built in Norway as a whaling vessel approximately 100 years ago. Garšar was launched in Norway in 1912, the same year that the Titanic sank in the North Atlantic. It was named Globe IV and was equipped with both sails and a steam engine for use when the weather was still. It was specially reinforced to endure the harsh conditions of the Southern Ocean where it was used to hunt whales.
In December 1981 Garšar BA 64 was deemed unfit for duty, but instead of sinking it at sea, as was the custom in those days when ships went out of service, it was rammed ashore at Skįpadalur valley in Patreksfjöršur. Today Garšar patiently awaits its inevitable rusty fate sitting on the beach, in the sand, providing tourists with a spectacular scene and a perfect photo opportunity.
Reference: http://stuckiniceland.com/westfjords/a-rusty-fate-for-a-century-old-steel-giant/
See also: http://www.pbase.com/light_works/image/151715539