THE bitterly contested award of the public service concession for ferry services between the French mainland and the island of Corsica is likely be delayed for at least four months following last week’s decision by the French Council of State to annul the award procedure.
After a dogged chase in which a Who’s Who of the Italian financial world featured as potential buyers, three private equity funds led by long-running favourite Investitori Associati have taken control of Genoa ferry company Grandi Navi Veloci.
French Mediterranean ferry operator SNCM has confirmed its position as the clear favourite to obtain the subsidised public service ferry concession for lines between the French mainland and the island of Corsica from January 1, writes Andrew Spurrier in Paris.
Northern Isles ferry operator NorthLink may reduce the number of crew sailing on their three ferries as part of a service organisation review.
A number of ferry services out of Dublin and Rosslare ports have been cancelled today as a result of stormy conditions.
High winds in the English Channel have led to cross channel ferry delays and a backlog of freight traffic on the M20 in Kent.
THE battle lines are being drawn around Italian state-owned carrier Tirrenia, with efforts to extend the ferry company’s subsidy regime past the 2008 deadline set by the European Commission now the subject of animated discussion from parliament to company boardrooms to docks around the country.
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