Displaying items by tag: Rival Plans Takeover
#FerryNews - A shipping line that was set up by a businessman as a planned rival to the Isle of Man Steam Packet has poured scorn over the Manx government’s takeover plan.
As IOM Today reports, Kurt Buchholz founded the Ellan Vannin Line in 2013 in an attempt to launch a roll-on, roll-off daily cargo service between Douglas and Heysham.
But without government support, and no ship, it never got off the ground. He stood as a House of Keys candidate in Douglas Central in the 2016 general election.
Reacting to the announcement of the government's planned £124m deal to buy the Steam Packet, he said: ’The Steam Packet ships are close to scrap value with their age, about £15m.
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