17th May 2024 22:02
Irish Continental Group PLC - Dublin-based ferry operator - Says subsidiary Irish Ferries signs a Bareboat Charter agreement with a purchase obligation for the Spirit of Britain. Notes the vessel is available for immediate delivery and is expected to enter service with Irish Ferries during June. Explains the purchase will enhance its customer offering and increase capacity for both passenger and freight customers on the Dover to Calais route. The ship has been acquired for EUR89.4 million settled through a combination of a two-year bareboat charter set at EUR20,000 per day and a purchase obligation for EUR74.8 million at the end of the charter.
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By Jeremy Cutler, Alliance News reporter
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