quote:
Originally posted by terracore
Look at the price of fuel for the superferry then versus now. I don't think the idea will float without a huge subsidy. Hawaii had it's chance for a private operator but missed the boat.
Exactly. When Superferry was being planned in 2005, oil was $25 per barrel.
http://www.markt-daten.de/charts/rohstof...lc1-lg.gif
The Superferry had bad timing luck, it became operational just as the price of oil started going up an exponential slope (2007). It shows demand for oil was increasing at an exponential rate, increasing the price at an exponential rate.
The strange aspect of the timeline is consumption was increasing into the Great Recession, then the demand and oil price collapsed in 2009, like the economic system was going full tilt, not knowing it was broken. By then, it was too late and Superferry went into bankruptcy in 2009. The price of oil has rapidly come back since the depths of the Great Recession, and while wavering around $105 per barrel, appears ready to start shooting skyward again.
When Superferry was operational, a one-way van ticket cost $110. Today, that same ticket would be about $440, not really competitive with interisland airlines, although you would be able to carry a van's worth of goods.
The fact is these large ocean going ferries are almost all government subsidized around the planet, and none of them are making money. These ocean going high speed ferries need a lot of crew and maintenance, as well as fuel, making their operating costs very high. The only chance for a revival in Hawaii would be if the state took it on or the feds stepped in with a transportation grant. Nobody in the private sector is going to risk that kind of money on a proven money loser, especially since the first attempt ended in bankruptcy.
"This island Hawaii on this island Earth"