I certainly knew this one was coming...a plan doomed from the outset and I am only surprised that they lasted as long as they did. Unlike the first time, I fully expect that this will force them into bankruptcy.
Of course, both vessels are Title IX loan guaranteed by MarAd so guess who is now on the hook fr their mortgages and in the end who will get stuck with two huge white elephants which they will end up selling for a dime on the dollar after years of sitting idle. You and I as taxpayers!
And to boot, the Navy just signed a contract with Austal to build a brand new HSV for them to replace the Australian built one working for the Navy in the Far East. Like they couldn't wait and get both of these instead. I pray Congress forces the Navy to cancel the contract with Austal USA and makes the Navy buy the two Hawaii ferries instead but Austal will fight that one bitterly and knowing Congress, they will cave in the end.
Now who here can tell me how many Title IX guaranteed vessels haven't gone belly up in the past decade? I can't think of any. Pride of American, Pride of Hawai, Independence, Cape Cod and Cape May Light, Columbia Queen, Empress of the North, now Alikai and her sister. How many hundreds and hundreds of millions of dollars to bail out stupid business ideas managed by inept and corrupt vessel owners and shipyards. WHo has pocketed those hundreds and hundreds of millions? Time to scrap Title IX once and for all as a faid program managed by Marad, a failed agency!
Fucking government! NOW I AM REALLY PISSED!




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