"Ben Evans"

The former state ferry Taku sailed passed Singapore Friday on the way to being scrapped. It will go for close to 10 times its purchase price.

The company buying it acquires ships for resale or scrap. “We’ll swing down towards Honolulu, past the Philippines,” a company representative said. “If we have buyers there, we’ll call in, top up fuel there, then Singapore, then India.”

The state ferry Taku will keep its name – and possibly its job — after it leaves Alaska. But it could also be cut up for scrap.