Navy acquires Hawaii 'superferries'

Tuesday, January 31, 2012

The U.S. Navy has acquired from the Maritime Administration two high-speed ferryboats originally built for moving passengers and vehicles in Hawaii for $35 million. The Alakai and Huakai were sold after their owner, Hawaii Superferry, was unable to operate them in Hawaii after opposition by environmentalists. Only one of the two ferries operated for a short period. The company eventually went bankrupt and defaulted on the Title XI loan guarantee that MarAd had giv...

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