Rapide. She briefly returned to Condor Ferries to cover for the refit of Condor Express and operated between Poole and the Channel Islands for one month. Along with the Diamant, Rapide came under Sea Containers ownership. She remained on the Dover – Ostend route until 2001 when she moved to the Sea Containers/IOMSPC Liverpool – Dublin service. In 2002 she moved to Heysham – Belfast and eventually replaced Seacat Scotland on the Belfast – Troon service in 2003 until the end of the 2004 season. In 2005 she transferred to Dover – Calais alongside her sister where she remained until the closure of the service in the same year . She was renamed Seacat Rapide upon her transfer to the Italian register. She also received the Hoverspeed Union Flag livery. On 18 June 2006 she sailed from her lay-up spot at Tilbury, London to Algeciras. She has now been sold to Baleària Eurolineas and renamed Jaume II. Closure After sustaining losses annually since 1995 (the last financial year the company returned a pre-tax profit) it was clear, by the early 2000s, Hoverspeed could no longer continue operating business-as-usual. Competition from the Channel Tunnel Despite the introduction of the Super SeaCats, Hoverspeed could not match EuroTunnel both in terms of economies of scale and pricing. This became apparent in the company's pre-tax profits immediately following the opening of the Channel Tunnel in May 1994. End of Duty Free-Sales Lucrative duty-free sales came to an end in July 1999 when the European Union removed tariffs between members states. Consequently, Sea Containers announced it refused to support Hoverspeed’s losses on the English Channel and that they would cease operations on the Dover-Calais route, ending over 40 years of service. Company wind-down and Sale of Assets It was initially thought that both the 81m Seacats would move to Sea Containers Mediterranean services. However in March 2006 both the Seacat Rapide and Seacat Diamant were put up for sale by Sea Containers. Superseacat One which had operated for Hoverspeed on its now-closed Newhaven – Dieppe (2000 and 2002–2004) and Dover – Calais / Ostend (2001) fast ferry services was sold in April 2006 to Acciona Trasmediterránea and was renamed Almudaina Dos. Although the company ended Hovercraft service, they still retained ownership of the remaining 2 SR.N4s until 2006 when they were sold to Wensley Haydon-Baillie. In 2016, following a transfer of ownership of both land