After spending almost $1.1 million to keep the vessels out of service to save money and safely tied up the past several years, the state last week sold its two fast ferries — built at a combined cost of $68 million less than 20 years ago — for just over $5 million.

Mediterranean-based catamaran operator Trasmapi had offered about $4.6 million for the Fairweather and Chenega. The company serves the Spanish island of Ibiza, about…