2:28 In a House Finance Committee meeting at the state capitol in Juneau, a Department of Transportation official suggested some cost-saving measures, including ridding the fleet of one of its unused vessels, the MV Malaspina. It’s one of the fleet’s oldest ships, built in the 1960s, and it has been moored at Ward Cove in Ketchikan since 2019. It costs about $450,000 annually just to store the ship. The state is currently considering a variety of options to remove that red line from its budget. They’ve looked into selling the ferry, but there’s an overabundance of decommissioned cruise ships available, so there’s very little interest in the open market. That leaves selling the boat for scrap metal or just sinking it.