The recent confluence of three events, all strangely relating to the number 11, is presenting the U.S. shipbuilding industry with challenges greater than seen in many decades. American Classic Voyages (AMCV), owned by Chicago billionaire Sam Zell, is the nation's largest provider of Inland River and Hawaiian Island overnight cruises. In mid October, the company declared Chapter 11 bankruptcy and that action has led the Maritime Administration (MARAD) to cancel its Title XI loan guarantee on the $1 billion construction program. Called Project America, the program would have built two 1,900-passenger cruise vessels for the Hawaiian Islands tourist market. With the financing guarantee cancelled, the shipyard has permanently stopped working on the two cruise vessels.