i'm joined by the president of that president, tim nolan. thank you for joining us. when was the last time you had contact with this ship? >> last time we had contact was on october 1st, around 7:15 in the morning. >> all right. what did they tell you? >> the captain reported to us by satellite radio he was experiencing a navigation instance. the captain reported his vessel was disabled, and that an access portal popped open, allowing flow of water into the third hole. >> the question that everyone has is why this vessel was allowed to go out in what was a predictable storm? >> well, the storm was monitored throughout the week. our captain, who has over 20 years experience at sea, 10 years as a master captain, and spent time with us as a captain in the puerto rico trade, sail thing route on a number -- many occasions. the storm had been monitored on his return from puerto rico. he continued to watch the storm while he was in jacksonville. he developed his transit list going south bound with the storm being factored into the plan. then the ship departed tuesday evenin