US moves to arrest Hawaii Superferry vessels

Auction, huh? Silent or closed auction? This could answer a lot of questions about who finally gets the value out of these. If they sell for a low-ball price to certain individuals, then finally things could make sense that otherwise never did. The ships are worth no less than $160 million total, probably more with all of the internal additions. If not the DoD, look for the buyer to be in a company name controlled by a silent individual.

US moves to arrest Hawaii Superferry vessels

by Rajesh Joshi - Monday May 24, 2010

THE US government has taken the first step towards an eventual court-ordered auction of two catamarans formerly owned by the bankrupt Hawaii Superferry, by securing arrest warrants against the two ships in Virginia to recoup amounts due.

The move comes one year after Hawaii Superferry entered Chapter 11 protection. It was not immediately clear whether...