Ferry News Archive
P&O Ferries propose Portsmouth Bilbao withdrawal
Date: 15 Jan 2010 12:30 Source: P&O FerriesP&O Ferries has given notice that it is proposing to withdraw from the Portsmouth Bilbao ferry route at the end of September 2010, when the charter of the ship it uses for the service, the Pride of Bilbao, comes to an end.
The service will operate as scheduled up to and including the Bilbao Portsmouth departure on Monday 27th September 2010 and any bookings up to this date will be unaffected. Any customers with bookings beyond this date will be contacted as soon as possible.
Despite a concerted effort to improve the financial performance of this 15-year old service, losses continue and are unsustainable.
Chief executive Helen Deeble said: "We have examined every option very carefully and have been trying for more than three years to find a suitable replacement ship in order to continue the service profitably. The Pride of Bilbao has served us well but is now an old ship nearing the end of her commercial life and needs to be replaced.
"However, we have reached the sad conclusion that such a replacement vessel is not currently available and as this loss-making route is unable to fund the cost of a new purpose-built ship we have no alternative other than to close it."
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