According to a brass plaque onboard, Waverley was built (on the Clyde) in 1947, to replace a vessel of the same name lost in the Dunkirk evacuation of 1940. She is steam-powered (though oil-fired) and is said to be the only sea-going paddle-steamer currently operational anywhere in the world.
She spends most of the year in Scottish waters, running excursions around the Clyde and out to some of the nearer islands. Later in the year she heads south, offering cruises in the Bristol Channel and then from ports along the South Coast. For some years now she has run a Thames season in September and October.
Waverley is owned by the Paddle Steamer Preservation Society, and is included in the National Historic Fleet:
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