Lady Martha was built by Gladding-Hearn Shipbuilding[1] and was delivered as Grey Lady II in 1997, the second vessel of the name to operate for Hy-Line between Hyannis and Nantucket Island.Web site: Hy-Line suspends Vineyard fast ferry service for season. Cape Cod Today. October 13, 2008. January 13, 2017. She remained in this service until 2003, when she was replaced by .[2] She was leased to an operator on the US West Coast for several years before returning to Hy-Line in 2005 to operate between Hyannis and Oak Bluffs on Martha's Vineyard, receiving interior modifications and new engines before entering service.[2]