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St. Peter Line has agreed to purchase the Pride of Bilbao for €37.7m from Irish Continental Group (ICG) which has been on charter to P&O's UK-Spain route, writes Jehan Ashmore.
ICG will charter the 37,583 gross tonnes cruiseferry to St. Peter Line on a hire-purchase basis with instalments to be paid over six years, with the final payment and transfer of vessel ownership in 2016. The vessel is to undergo refurbishment and renamed Princess Anastasia before opening a new second route for St.Peter Line between St. Petersburg and Stockholm  in April 2011. The new twice weekly service will call via Tallinn, Estonia and will for the first time provide visa-free cruises from Sweden to the Russian Federation.

For the last 17 years the Pride of Bilbao has operated between Portsmouth and Bilbao under charter to P&O. Built in 1986, she was launched as Olympia for Viking Line between Stockholm and Helsinki, then the Baltic Sea ferry was one of the largest overnight passenger capacity ferries in the world. At 177 metres long the vessel can accommodate 2552-passengers, 600-vehicles and space for 77-trucks. She has a sister, the Mariella, which currently operates on Viking Line's Stockholm-Mariehamn–Helsinki service.

In 1993 the vessel was renamed Pride of Bilbao and launched a new service on the Bay of Biscay, under charter from her Scandinavian owners. The following year ICG purchased the Pride of Bilbao from Viking Line and she was re-registered to the Bahamas. The vessel was subsequently entered into a British bare-boat charter arrangement between P&O Ferries and ICG. Due to unsustainable losses the route closed on 28 September this year but rivals Brittany Ferries soon shortly announced they would reopen the route in Spring 2011.

Throughout the Pride of Bilbao's career under ICG (parent company of Irish Ferries), the cruiseferry has only once visited Ireland. In between Spanish sailings, she was sub-chartered for a three-day Christmas mini-cruise from Portsmouth to Dublin in 2004, where the Pride of Bilbao berthed at the ferryport close to the ICG headquarters.

Published in Ports & Shipping

About Arklow Shipping

Arklow Shipping Limited, one of Ireland's leading shipping companies, has marked over 50 years of operation following its establishment in 1966.

The company, which began with a fleet of seven ships, has grown steadily over the years and now boasts a fleet of 59 vessels.

The company was founded by Captains James Tyrrell, Michael Tyrrell, and Victor Hall, who collaborated to create an umbrella company to operate their ships. This move allowed them to reduce overheads and strengthen their position in the market. The original fleet comprised seven ships, namely Tyrronall, Murell, Marizell, Valzell, Kilbride, River Avoca, and Avondale, all of varying sizes.

The shipping industry in Ireland underwent a significant transformation in the 1960s, with the replacement of traditional auxiliary schooners with modern crafts.

Arklow Shipping was at the forefront of this change, and the founders recognized the need for a new approach to shipping in Ireland. They built a company that could adapt to the changing market demands, and this has been a key factor in the company's continued growth.

Over the years, Arklow Shipping has bought, sold, and built ships, facing the challenges and opportunities that come with operating in the shipping industry. Despite these challenges, the company has remained committed to meeting market demand and providing high-quality services to its clients.

Today, Arklow Shipping is a leading player in the shipping industry, with a strong reputation for reliability and professionalism. The company's success story is a testament to the vision and dedication of its founders, who laid the foundation for a company that has stood the test of time.