The Bishop Museum will transfer ownership of the Falls of Clyde to a community organization, the museum announced today.

The Friends of the Falls of Clyde will move the 130-year-old ship to dry dock after 90 days.

"Over the last few weeks, the Friends of the Falls of Clyde have demonstrated that they have the passion and the ability to care for the Falls of Clyde and we couldn't be happier," said Timothy E. Johns, president and chief executive officer of Bishop Museum.

The Falls of Clyde was built in 1878 in Scotland. It was named after the Falls of Clyde, a waterfall on the River Clyde.

From 1898 to 1907, the Falls of Clyde was used as a transpacific passenger and freight-carrying vessel. The ship was later sold and converted to a bulk tanker and then to a fuel-oil barge and floating gasoline depot before being decommissioned in 1959.