Complex sentence: She was repossessed by the Navy on 1 July 1997 after the failure of Pegasus to dismantle the ship and was re-transferred to the United States Maritime Administration and docked in the National Defense Reserve Fleet, Suisun Bay, Benicia, California.
Split into simpler sentences: She was repossessed by the Navy on 1 July 1997 after the failure of Pegasus to dismantle the ship and was retransferred to the United States Maritime Administration. The ship is currently laid up in the National Defense Reserve Fleet, Suisun Bay, Benicia, California.