In 2003, it was laid up at Balls Head Bay on the north side of Sydney Harbour as attempts to restore the vessel continued.

However, in January 2022, she sank at her mooring alongside the Balls Head Coal Loader, with the decision then made that the vessel would be scrapped.

However, a double-ended screw configuration was particularly difficult for the fine bows that Manly ferries required for both speed and heavy seas.

In the prosperous early twentieth century, this speed drawback was overcome by increasing engine size and power.

The Port Jackson & Manly Steamship Company's Binngarra-class ferries, Binngarra (1905), Burra-Bra (1908), Bellubera (1910), Balgowlah (1912), Barrenjoey (1913), and Baragoola (1922), were designed by Mort's Dock and Engineering, initially under the guidance of former chief draughtsman Andrew Christie.

She was launched on 14 February 1922 by Mrs Hunter McPherson, the wife of the owning company's chairman of directors.

[4][1][5] Although 6 metres (19 ft 8 in) shorter and with a greater beam (width at its widest point), she was otherwise similar to her older sister ships Binngarra (1905), Burra-bra (1908), Bellubera (1910), Balgowlah (1912), and Barrenjoey (1913 - later North Head).

While this exceeded the contracted speed requirements, she was slower than her sister ships, and earning the name 'slow boat' due to her being 6 metres shorter and of greater beam.

The internal hull arrangement has two void spaces at either end, a hold immediately aft of the forward void, the engine room behind the hold connected to the control room and (second from the aft) a compartment that contains batteries, auxiliary diesel tank, fresh water tank and the Engineer's Quarters.

[12] Like her sisters, Bellubera and Barrenjoey, Baragoola's open upper deck was closed-in in 1931/2, improving passenger amenities.

[3] Modifications in 1948 included the replacement of her chain-operated steering gear with Brown Brothers (later known as Vickers) hydraulic equipment.

The university never eventuated, and she was laid up at Rozelle Bay until 1988 when she was sold to David Ashton of Waterview Wharf, Balmain.

[17] An Australian Army training activity with Black Hawk helicopters and the adjacently-moored Cape Don damaged the vessel's upper works on 1 December 2010.

[19] During the evening of 1 January 2022, the ferry sank at its moorings before assistance to help pump water out of the vessel could arrive.

[21] Birdon Pty Limited salvaged Baragoola from Sydney Harbour and cleared the berth pocket of vessel debris.

"Pelican" was then unloaded at White Bay, where the sections were cut using excavator-mounted hydraulic shears before being removed from site.