Part of an article about SeaStreak.....
It brought to end the latest chapter in what has become an unnerving saga for SeaStreak passengers. SeaStreak's parent company, Sea Containers Ltd., filed for Chapter 11 bankruptcy in October 2006 and is exiting the ferry business as part of its reorganization.
With four high-speed catamarans for sale, passengers have worried that they would lose the service that gets them from Atlantic Highlands and Highlands to New York City in comfort in less than an hour.
A spokesman for Sea Containers said earlier this week that negotiations to sell the vessels to Trinidad and Tobago had ended, and it had turned its attention to negotiations with a U.S. company. He declined to reveal the company.
SeaStreak ferries some 2,000 passengers each way, but it doesn't actually own the boats; a bank does. The bank's identity hasn't been disclosed, and Castillo said he didn't know which bank it is.
