1.   The boat was half of the two-vessel, high-speed ferry fleet that runs daily between Monmouth County, N.J., and New York City.

2.   Although some large companies have begun to modernize their ferry fleets in recent years, many Philippine vessels are still dilapidated and vulnerable to accidents.

3.   Although some large companies have begun to modernize their ferry fleets in recent years, many are still dilapidated and thus vulnerable to accidents.

4.   Although some large companies have begun to modernize their ferry fleets in recent years, many vessels are still dilapidated and thus vulnerable to accidents.

5.   If the final package was deemed viable, the company would put in additional investment to revise its ferry fleet on the Hung Hom route.

6.   The accident follows similar grave sea mishaps in this southeast Asian archipelago, whose ageing ferry fleet has a poor safety record.