The Hawaii Superferry launched in December 2007 and was forced to shut down in March 2009. It subsequently had to file for Chapter 11 bankruptcy with debts that included $135.8 million owed to MARAD which had provided construction financing guarantees. Now, the Aloha State is planning to spend US$500,000 on bringing the ferry back.
In the bankruptcy auction, MARAD bought both vessels for $25 million and in January 2012 transferred them to the navy.