Honolulu's historic ship has new owner

HONOLULU (KHNL) - One of Hawaii's historic ships now has a new owner.

The Bishop Museum will transfer ownership of the Falls of Clyde to the Friends of Falls of Clyde, a local community group.

The 130-year-old vessel will remain at its current location for 90 days and then it will go into dry dock.

"Over the last few weeks, the Friends of the Falls of Clyde have demonstrated to us that they have the passion and the ability to care for the Falls of Clyde and we couldn't be happier," said Timothy Johns, Bishop Museum president and CEO.

The ship was derigged earlier this year when the Bishop Museum didn't have the funds to restore the ship to her former glory.

The ship, built in 1878, was launched as the first of eight iron-hulled four-masted ships built for Wright and Breakenridge's Falls Line.

In 1899, Captain Willian Matson bought the ship and brought it to Honolulu.

From 1898 to 1907, the vessel was used as a transpacific passenger and freight-carrying vessel.

It was later converted to a bulk tanker and then to a fuel-oil barge and floating gasoline depot before being decommissioned in 1959.