Ailing Greek ferry operators are enjoying a financial boost from a rather unlikely source: the Libyan revolution. As reports flood in of bitter clashes between forces loyal to Libya's long-serving leader, Colonel Gaddafi and rebels demanding political change, Greek ferry firms have been helping to evacuate thousands of stranded Chinese, Venezuelan and Brazilian workers. The loss-making ferry operators can demand €250,000 – approximately $346,000 (USD) – per four-day voyage. It is rumoured ...
Read MoreSeaFrance Fails to Attract Buyer
French financiers have announced that they have been unsuccessful in securing a buyer for the struggling ferry operator, SeaFrance. Credit Agricole, a French bank, put the ferry firm up for sale in September 2010. Despite there being a string of unconfirmed suitors including Brittany Ferries and LD Lines, SeaFrance has failed to attract any serious bidders. Last week, the chairman of SeaFrance, Pierre Fa, announced that the company's future remained uncertain in ...
Read MoreStena Line Set to Sail from Cairnryan in the Autumn
Stena Line has announced that its new ferry port at Cairnryan should be ready to open in the autumn. The news will be met with relief from passengers and hauliers, who will soon be able to avoid travelling through the town centre of Stranraer on their journey to Belfast. Stena Line had hoped to establish a joint facility with P&O Ferries, but negotiations ended last year when Stena Line realised the venture ...
Read MoreStena Line Set to Return to Dún Laoghaire
After negotiating reduced berthage fees at Dún Laoghaire Harbour, Stena Line has confirmed that its high-speed ferry service will return to Dún Laoghaire-Rathdown County in the summer. Although official figures have not been made public, it is thought that Stena Line managed to reduce berthage fees from €6.5 million to €2 million, which, if approved by Dún Laoghaire Harbour Company later this week, will secure a three-year deal coming into effect ...
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