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Ship for sale on eBay

SEPT. 11 — A 123-foot former passenger ferry is still for sale after an online auction of the boat last week failed to produce any bids.

The starting bid for the 365-passenger yacht, named Cloud X, was $5 million. The owner, an Illinois business man, had originally hoped the boat would fetch about $16 million, but says he wasn’t too surprised the boat did not sell.

“It would have been unrealistic to think anyone would decide to want it and come up with the money in the 10-day life of the listing,” the owner says in an e-mail to Illinois’ Rockford Register Star newspaper.

Until May, Cloud X had for six months operated as a passenger ferry traveling from West Palm Beach, Fla., to Freeport, Bahamas, according to information on the yacht’s Web site. Resembling a catamaran, Cloud X is a SWATH design (Small Waterplane Area Twin Hull). The yacht tops out at 27 knots, has a 60-foot beam and a 4,700-square-foot main deck. The upper deck measures nearly 3,400 square feet. It cruises most efficiently at about 16 knots while burning 15.14 gallons of fuel per nautical mile.

Cloud X had been for sale on eBay, an online auction site. If it had sold, the yacht would have set the record as the site’s most expensive single sale.

— Jason Fell