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Falls of Clyde is the only surviving iron-hulled, four-masted full rigged ship, and the only surviving sail-driven oil tanker in the world. She is presently a museum ship in Honolulu, Hawaii. In 1973 she was entered into the National Register of Historic Places. In 1989 the Secretary of the Interior designated the Falls of Clyde a National Historic Landmark—one of only thirty-three in the state of Hawaii. The current owner, the Bishop Museum, has plans to sink her by the end of 2008 unless private funds are raised for an endowment for her perpetual care. She was built in 1878 by Russell and Company in Port Glasgow, Inverclyde, Scotland, launched as the first of eight iron-hulled four-masted ships built for Wright and Breakenridge's Falls Line.