October 29, 2001
There’s more fallout from American Classic Voyages’ bankruptcy filing last week. Contrary to the company’s original pronouncement, work on the two Project America ships under construction at a Mississippi shipyard has now been suspended. The project depends largely on a previously-controversial assist from the U.S. Maritime Association and at this point the government’s withdrawal of support hampers efforts to secure additional financing. Sadly, the first of the two 1,900-passenger ships, designed to sail year-round Hawaii itineraries (and the first new builds actually designed for that locale) is 40 percent completed. Executives at Northrop Grumman, which is building the ships, say they’ll continue to look for financial support.