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#FERRY – Following yesterdays High Court appointment of an interim examiner to the Fastnet Line Group, the ferry operator has issued two statements (click here) and an apology to passengers with the immediate closure of sailings, writes Jehan Ashmore.
As part of the examinership process, a re-structured business plan has been implemented with the Cork-Swansea service set to resume in the shoulder months starting on Easter's Good Friday, 6th April 2012 and throughout the high-season months, and ending the season on 29th September.

The discontinued winter sailing schedule for this year is also expected not to be repeated during October 2012-March 2013. Fastnet Line's decision to make the Celtic Sea route into a shoulder season and summer only service follows a similar path taken by Stena Line which withdrew Dun Laoghaire-Holyhead (HSS) sailings in mid-September, for report click here. The central corridor route is due to reopen sometime in April or May 2012.

Cork City and County council and Kerry County council have provided €700,000 to support Fastnet Line and yesterday they announced an additional €150,000 in co-funding for the period of the examinership. In order to stabilise finances the ferry company are to radically reduce passenger capacity of the Julia (see photo) from 1,500 down to 950. This is in line with the capacities of the Julia serving 'night' sailings.

She has a crew predominately from Eastern Europe and Irish and UK deck officers. The Bermuda flagged, Hamilton registered vessel is currently berthed at Ringaskiddy Ferry Terminal, Cork Harbour. At 154m she is the largest ferry to date capable of berthing in the limited confines of the swing basin in Swansea and with a draft of 5.8m in a port which is subject to a large tidal range on the Bristol Channel.

Operating costs on the 10 hour service has been severely hampered by continuing increases to world oil prices. From the year 2010 to this year, fuel costs rose by 27% and almost 50% from the original budget of 2009. The company claims that each crossing amounts to €18,560 alone in fuel costs.

Fastnet Line to date has carried 150,000 customers, of which 75% have originated from the UK market, generating on average €350 per person (€40m approx) exclusive of fare and on-board spend. This crucial market is core to the success of the company's direct 'gateway' route to scenic south-west Ireland, with Swansea connected to the M4 motorway linking midland population centres and London. The operator claims a saving of 600km driving based on a round trip compared to using rival ferries running on routes to Rosslare from Pembroke Dock and Fishguard.

Since the reinstatement of the service in March 2010, after Swansea Cork Ferries pulled the Superferry (photo) off-service in 2006, the loss to tourism generated revenue on both sides of the Celtic Sea was estimated to be £25m per annum according to the Welsh Assembly and a similar figure recorded in the Cork and Kerry region.

The company also outlines the reduction in carbon emissions saved from operating the only direct service specifically connecting the regions of Glamorgan and Munster. Some 500,000 freight miles alone were saved in the Welsh region since the service started instead of using alternative route running from Pembrokeshire ports.

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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