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Displaying items by tag: Announce Acquisition

#FerryNews - In an announcement today, the Manx Government has plans to acquire the Isle of Man Steam Packet Company (IoMSPC) for £124m.

If approved by Tynwald later this month, BBC News writes the deal would see the government commit to purchase 100% of MIOM Ltd, the IoMSPC's parent company.

Chief Minister Howard Quayle said: "Acquiring the national asset is a once-in-a-generation opportunity."

The IoMSPC provides freight, passenger and vehicle services between Douglas and five ports in the UK and Ireland.

The government has been considering its options since rejecting the company's revised offer of a new strategic sea services agreement in July 2017.

It had proposed to invest £170m in services - including spending £65m on two "state-of-the-art" ships - had its contract been extended.

Treasury Minister Alfred Cannan said: "The deal would immediately bring ferry operations into public ownership but government would not take over the day-to-day running of services."

He said government could "put in place a new agreement within 12 months" if the deal goes ahead.

For more on this story, click here. 

Published in Ferry

About boot Düsseldorf: With almost 250,000 visitors, boot Düsseldorf is the world's largest boat and water sports fair and every year in January the “meeting place" for the entire industry. From 18 to 26 January 2020, around 2,000 exhibitors will be presenting their interesting new products, attractive further developments and maritime equipment. This means that the complete market will be on site in Düsseldorf and will be inviting visitors on nine days of the fair to an exciting journey through the entire world of water sports in 17 exhibition halls covering 220,000 square meters. With a focus on boats and yachts, engines and engine technology, equipment and accessories, services, canoes, kayaks, kitesurfing, rowing, diving, surfing, wakeboarding, windsurfing, SUP, fishing, maritime art, marinas, water sports facilities as well as beach resorts and charter, there is something for every water sports enthusiast.

At A Glance – Boot Dusseldorf 

Organiser
Messe Düsseldorf GmbH
Messeplatz
40474 Düsseldorf
Tel: +49 211 4560-01
Fax: +49 211 4560-668
Web: https://www.boot.com/

The first boats and yachts will once again be arriving in December via the Rhine.

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