Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: Westpac Express

#FerryNews - Irish Continental Group (ICG) announced today they are to sell their high-speed craft 'Jonathan Swift' which has served the Dublin-Holyhead for almost two decades to a Spanish operator.

ICG the Dublin based group (parent company of Irish Ferries) has entered into a memorandum of agreement (MOA) regarding the sell of the craft with Balearia Eurolineas Maritimas S.A.

In the statement from ICG, the agreed consideration of €15.5 million less brokers commission is payable in cash on delivery less a 10% deposit to be held in escrow. The HSC is to be delivered to the Mediterranean ferry company by the end of April this year.

Jonathan Swift which was commissioned by and delivered to ICG in 1999 has exclusively operated on the company's service between Dublin and Holyhead.

Afloat adds the HSC which is marketed as the 'Dublin Swift' is as previously reported undergoing routine drydocking in the UK (see piece focusing on Isle of Inishmore). According to the Irish Ferries website, Jonathan Swift is scheduled to return to service next week on Monday 5 February. 

A replacement HSC adds ICG will come from their fleet by the 2001 built HSC 'Westpac Express' (acquired in 2016) which was recently redelivered following a period of twenty months on external charter. The HSC is currently undergoing a refurbishment programme to bring her up to Irish Ferries passenger service standards.

The Jonathan Swift as delivered to the group in 1999 at a cost of €38.8m. The disposal will generate a book profit for ICG of approximately €14.0m.

The proceeds will be used for general corporate purposes.

Published in Ferry

#ICGbuyFerry - Irish Continental Group (ICG), parent company of Irish Ferries has agreed a deal to buy a high-speed vessel known as the “Westpac Express” for $13.25 million.

The Irish Times reports that ICG expects to take ownership of the fast-ferry from current owner Bali Westpac by late May.

Upon delivery, the vessel is to be bareboat chartered to the company Sealift for a firm period of four months with four further one year option periods and a final seven month option at the charterer’s option.

The Westpac Express was built in 2001 by Austal Ships. It has a gross tonnage of 8,403 tonne, passenger capacity of 900 and a car carrying capacity of 182 units.

Published in Ferry

Ferry & Car Ferry News The ferry industry on the Irish Sea, is just like any other sector of the shipping industry, in that it is made up of a myriad of ship operators, owners, managers, charterers all contributing to providing a network of routes carried out by a variety of ships designed for different albeit similar purposes.

All this ferry activity involves conventional ferry tonnage, 'ro-pax', where the vessel's primary design is to carry more freight capacity rather than passengers. This is in some cases though, is in complete variance to the fast ferry craft where they carry many more passengers and charging a premium.

In reporting the ferry scene, we examine the constantly changing trends of this sector, as rival ferry operators are competing in an intensive environment, battling out for market share following the fallout of the economic crisis. All this has consequences some immediately felt, while at times, the effects can be drawn out over time, leading to the expense of others, through reduced competition or takeover or even face complete removal from the marketplace, as witnessed in recent years.

Arising from these challenging times, there are of course winners and losers, as exemplified in the trend to run high-speed ferry craft only during the peak-season summer months and on shorter distance routes. In addition, where fastcraft had once dominated the ferry scene, during the heady days from the mid-90's onwards, they have been replaced by recent newcomers in the form of the 'fast ferry' and with increased levels of luxury, yet seeming to form as a cost-effective alternative.

Irish Sea Ferry Routes

Irrespective of the type of vessel deployed on Irish Sea routes (between 2-9 hours), it is the ferry companies that keep the wheels of industry moving as freight vehicles literally (roll-on and roll-off) ships coupled with motoring tourists and the humble 'foot' passenger transported 363 days a year.

As such the exclusive freight-only operators provide important trading routes between Ireland and the UK, where the freight haulage customer is 'king' to generating year-round revenue to the ferry operator. However, custom built tonnage entering service in recent years has exceeded the level of capacity of the Irish Sea in certain quarters of the freight market.

A prime example of the necessity for trade in which we consumers often expect daily, though arguably question how it reached our shores, is the delivery of just in time perishable products to fill our supermarket shelves.

A visual manifestation of this is the arrival every morning and evening into our main ports, where a combination of ferries, ro-pax vessels and fast-craft all descend at the same time. In essence this a marine version to our road-based rush hour traffic going in and out along the commuter belts.

Across the Celtic Sea, the ferry scene coverage is also about those overnight direct ferry routes from Ireland connecting the north-western French ports in Brittany and Normandy.

Due to the seasonality of these routes to Europe, the ferry scene may be in the majority running between February to November, however by no means does this lessen operator competition.

Noting there have been plans over the years to run a direct Irish –Iberian ferry service, which would open up existing and develop new freight markets. Should a direct service open, it would bring new opportunities also for holidaymakers, where Spain is the most visited country in the EU visited by Irish holidaymakers ... heading for the sun!