[Maine Mariner]

I worked as an AB and third officer for American Hawaiian Cruises ship the Indepdence, an old American Export Line ship.

In the late 1990’s the company took on debt to build two coast wise ships and two major cruise ships to replace the Independece and Constitution. The company went out of business just after 9/11 but their cash flows from operations had been declining for sometime and when all the flight to Hawaii were cancelled, the company just ran out of cash to pay the bills.

[Zhang Fei]

[I worked as an AB and third officer for American Hawaiian Cruises ship the Indepdence, an old American Export Line ship.

In the late 1990’s the company took on debt to build two coast wise ships and two major cruise ships to replace the Independece and Constitution. The company went out of business just after 9/11 but their cash flows from operations had been declining for sometime and when all the flight to Hawaii were cancelled, the company just ran out of cash to pay the bills.]

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In your estimation, did one of the big 3 (Carnival, Norwegian or Royal Caribbean) take their business?

[Capt. Tom]

The company went out of business just after 9/11 but their cash flows from operations had been declining for sometime and when all the flight to Hawaii were cancelled, the company just ran out of cash to pay the bills.

I have witnessed a few bankruptcies, and have been amazed how the people going bankrupt can lie about the companies prospect right up to the bankruptcy, or massive layoffs. -Tom