No, it wasn't.
It was being ferried by The Flight Academy who are also one of the leading training organisations in the US. Here is the text of a press release they have issued:
QUOTE
The safety of the Cirrus SR22 aircraft was demonstrated again yesterday when our pilot, Lue Morton, successfully deployed the Cirrus Airframe Parachute System over the Pacific Ocean. Mr. Morton was recovered from the ocean without injury.
Mr. Morton elected to deploy the parachute after several hours of unsuccessful troubleshooting of a fuel system malfunction. Although the aircraft had adequate reserves for the flight, and fuel remaining at the time of the parachute deployment, the remaining fuel was unable to reach the engine for unknown reasons.
The pilot was in communication with the Coast Guard, our office, and aircraft mechanics while attempting to resolve the issues.
The US Coast Guard monitored the aircraft as it flew and observed the parachute deployment, touchdown, and Mr. Morton's recovery by the Holland America cruise ship Veendam.
Our heartfelt gratitude goes to the US Coast Guard for their tireless efforts and to the crew of the Veendam for a speedy retrieval of Mr. Morton from the water.
The National Transportation Safety Board (NTSB) will lead the investigation into the cause of the accident. Further questions should be directed to the NTSB.
END QUOTE
Last edited by Jonzarno; 27th Jan 2015 at 07:20.
Reason: Edit to add details of press release