Prince Ivanhoe was originally built as Shanklin by William Denny and Brothers Dumbarton in 1951 for the Portsmouth to Ryde Pier Head route.
In 1980 she was bought by the Firth of Clyde Steam Packet Company who ran the Waverley.
After renovations on the Clyde she began pleasure sailings in the Bristol Channel.
On the 3 August 1981 Prince Ivanhoe struck submerged rocks, the Captain David Neil realising she was sinking sailed her to Horton Swansea about a mile away where she was beached.
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