- Why hasn't this been built before? Yes, minor hydrofoil ships have been built but why not cargo ones? (Constructor conservatism? Some issues that others have run into? Lack of technology before that)
- How does this fare in a marine thunderstorm?
- How many customers are time sensitive (but not much) so as to fit their window?
- What kind of problems can going 4x the speed on an open ocean can create?
- Is the actual cost 4x less once you factor everything in?
My bet is that this makes sense for shorter routes (like multiple ferry routes in Europe), maaaybe for "shorter" cargo routes, not so sure for the longer routes (though China-LA is not "too long")
Hydrofoils obviously can't operate safely in heavy sea states. When a storm comes up they'll have to delay sailing, or route around. That will add some unpredictability to delivery schedules.
I'm assuming that the additional of the weight of the cargo means that you would need to go much faster in order to lift the ship up on the hydrofoils, and this makes it infeasable.
Fuel means range so that all might get back to the mission: ferry or transoceanic.
Also, while fuel oil is buoyant, it still has mass and weight, and the fuel in a ship contributes its own weight's worth of displacement. Displacement, in turn, causes wave resistance.
The larger a ship gets, the less significant, proportionally, both wave and friction drag become, reducing the incentive for foiling. It seems significant that the YC company mentioned elsewhere in these comments (Boundary Layer Technologies) positions itself as competing with air freight rather than shipping (and, as flying in the thin air of the tropopause is pretty efficient compared with generating lift in water, I would guess part of their calculation involves building much larger-capacity vessels than current and projected air freighters.)
Also can't help smiling at their use of "BLT" as an abbreviation for the company name, I guess we know what their Official Company Lunch is going to be [1]. :)
I wonder if there has been any progress, the site is kind of ... light on the details. The prototype single-container ship was cute, though.