Complex sentence: The ship was launched in Lorain, Ohio on December 12,1903 as the "Edwin F. Holmes" and at the time of it's scrapping was the oldest intact lake freighter still afloat.
Split into simpler sentences: The ship was launched in Lorain, Ohio on December 12,1903 as the "Edwin F. Holmes". At the time of it's scrapping was the oldest intact lake freighter still afloat.