USCGC LIBERTY (WPB 1334), Credit to Gillfoto, 23 November 2012
Below is a news release from Coast Guard News.
It is the end of an era as the last of 49 Island class cutters leaves Coast Guard service. These boats continue to do useful work for other navies and coast guards as they are transferred under the Excess Defense Article (EDA) program.
The Surface Acquisitions Logistics Center at the Coast Guard Yard runs the EDA program doing necessary maintenance, sea trials, foreign crew training, and vessel transport and close-out.
110 foot Island class cutters have been transferred to Pakistan, the Republic of Georgia, Costa Rica, Ukraine, the Philippines, Tunisia, and Greece. Additional units are expected to go to Cameroon and Ecuador.
Decommissioned 87 foot WPBs and 210 foot WMECs
87 foot Marine Protector class WPBs have been transferred to Ghana, Lebanon, the Philippines, and Uruguay.
Coast Guard Cutter Liberty, final Island-Class cutter, decommissioned after over 35 years of service
ANCHORAGE, Alaska — The Coast Guard decommissioned Coast Guard Cutter Liberty (WPB 1334) during a ceremony in Valdez, Tuesday.
“This decommissioning marks the end of an era for the Coast Guard,” said Cmdr. Jordan Bogosian, a former Commanding Officer of Liberty and the ceremony’s presiding official. “I am proud of Coast Guard Cutter Liberty and her faithful service to our nation for more than three decades.”
Commissioned on December 19, 1989, Liberty was the 34th Island-Class cutter to join the fleet and the final Island-Class cutter to be decommissioned from Coast Guard service.
Liberty is a 110-foot, Island-Class patrol boat, a multi-mission platform that conducted operations to support search and rescue response, marine environmental protection, and national defense.
The Coast Guard is replacing the aging Island-Class patrol boats with Sentinel-Class Fast Response Cutters (FRCs) which feature enhanced capability to meet service needs. There are currently four FRC’s homeported in Alaska, with two more scheduled for delivery in the near future.
“It has been a profound honor to serve as the final commanding officer of USCGC Liberty,” said Lt. D. Toler Alexander, Commanding Officer of Liberty. “I am incredibly proud of this crew and all they have accomplished. LIBERTY leaves behind a legacy of over 35 years of exceptional service to the people of the United States and the great state of Alaska. I would like to extend my heartfelt gratitude to the communities of Valdez – and Auke Bay before it – for their unwavering support and for being such welcoming homeports to the cutter and her crew.”
Chuck Hill's CG Blog 
I think the old Island class Patrol boats should go to El Salvador, Lebanon and the Philippines.