Although the island state may seem to be a peaceful haven from the troubles in the continental U.S., the situation of Hawaii Superferry, Inc., serves as a reminder that even Hawaii has problems too. The ferry company, which has seen plenty of trouble in its short existence, has now been forced to file Chapter 11 bankruptcy protection.
 
Hawaii Superferry blames the recent development on a Hawaii Supreme Court cease-and-desist ruling, barring the company from undergoing any interisland ferry operations. The company also expressed concern over the decline in tourism and increasing fuel prices, citing them as obstacles to profitable business.
 
The ferry …read more

Ah, Hawaii. Pristine beaches, aloha spirit, worldclass sunsets – it doesn’t get much better. In order to see that it stays that way, a judge has ruled that Hawaii Superferry’s $85 million 350-foot giant catamaran will not operate until the company proves that the ship doesn’t pose a threat to the environment.
The Superferry was planned to enter into full service in July this year but it’s maiden voyage in August lasted just two days after dozens of protesters swam and paddled into its path. A slew of legal challenges has followed and the recent ruling could set the company back …read more