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Swansea-Cork

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Collision-course

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I suppose at this stage any ship is better than none , however it would be good to see them go up a level or two over the Superferry.

Kieran

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Following some googeling and scratching my head I have some possibilities...

Christian IV (the vessel that SCF wanted) is for sale again, I would assume she is still the preferred option.
The Pride of Telemark and Kongshavn (Kystlink owned them both) may also be an option, but draft and length come into what will be allowed by ABP in Swansea...
Brittany Ferries have the Pont L'Abbe in reserve also, perhaps they could be involved in getting the route going again...but this is all guess work...

Collision-course

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Interesting the Christian IV comming up again , given the change in economic circumstances I Imagine she could be got at a better price  this time round.

Collision-course

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Last Edit: January 20, 2009, 04:04:45 PM by colin

overboard

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I think that Tallink΄s Regina Baltica should have to remember also, to be one candidate too !
Tallink will sold her out anyway as soon as their NB Baltic Queen will be on trafic later in this year.  And if money talks she will enter her service in baltic such a quickly ;)
And even RB have much of age,... in public spaces she is in such a good condition + having much truck/car capacity !
Just check this http://www.faktaomfartyg.se/viking_song_1980.htm

Kieran

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The following is in todays Examiner, which lets the cat out of the bag on what ship is involved... Looks like the Julia will be in Cork soon...

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A suitable ship has been identified which is presently berthed in Finland.

A bank has agreed to fund 60% of the start-up costs, an operator has also been identified and investors are in talks aimed at bridging a gap of just €3 million in financing.

The port's commercial manager, Michael McCarthy, said the ship could be purchased for between €10 to €12m and would need about €500,000 in alterations to get it to comply with Irish standards.

He said the vessel, which has recently undergone a refit, could hold 1,800 passengers, 480 cars, plus freight and was also fitted out with 800 beds.
Last Edit: January 21, 2009, 06:40:39 PM by admin

Collision-course

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Well the ship sounds perfect for the route , the public certainly seem willing to support the service , now if that 3 Million gap can be bridged we're in buisness , the Port of Cork has said a decision needs to be made over the next 2 - 3 weeks in order to have the service running by April

Kieran

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Well, it looks like talks are ongoing, so fingers crossed...

Collision-course

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I wonder if they got the required funding............. http://bringbacktheswanseacorkferry.com

Kieran

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A co-op is being set up to raise the remaining cash

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A New Co-operative calls for support of local business people to raise €3 million
- from West Cork Tourism - 12th Feb 2009

A consortium of business people from the South West region, led by West Cork Tourism have formed a co-operative in the hopes of raising €3 million euro in the coming days for the resumption of the Swansea Cork ferry service.

The newly formed co-operative came together when a suitable ship became available for purchase at a realistic price. They are now calling for 300 people to pledge €10,000 each to ensure the future of the region. If successful, the initiative will translate to hundreds of jobs for the region.

The opportunity is extremely attractive as it combines low risk and a healthy financial return on the niche product for the South West and Wales which competitors will find hard to replicate.

Figures from 2007 show that the ferry is worth €50 million to the region. Mr. Conor Buckley, chairman of West Cork Tourism, said, "It is vital that we secure a ferry service this year.”

“If we can raise €3 million from the industry – over the next seven days – we will have the potential to unleash a €250 million dividend over the next five years.

The Swansea Cork service was a profitable business from 1987 to 2006, and we believe that there will be an excellent return on a €3 million investment which will be seen in increased tourist numbers, bed night and profits in the overall tourism industry in the region.”

The initiative offers a unique opportunity to re-stimulate the long-stay tourism market in the South West. It has been proven that car accompanied tourists travel further, stay longer and spend more money than passengers who arrive by air. Local branches of the Credit Union have also given their support to the initiative.

The new boat is expected to cost in the region €10 million, of which the co-operative will be expected to provide €3 million with an additional €6 million coming from a loan issued by a bank that has a vested interest in the boat.

An additional €1.5 million will be drawn from business interests in the shipping and freight industry. Further working capital will be funded by Cork County Council and Failte Ireland, as well as from investors in the Business Expansion Scheme.

The boat, according to Mr. Buckley, can be operational by April if the funding is in place. "But we need to secure three hundred pledges of €10,000 each within the next seven days."

"€3 million might sound like a staggering amount of money, but it is not only achievable - it is imperative if we are to re-establish West Cork as a tourism stronghold.

"We are fully aware that the timelines are tight, but I believe that doing nothing is not an option – the time for action is now - our industry is staring into the abyss."

In December, the Port of Cork commissioned a business plan – prepared by STS International – which is based on realistic assumptions about traffic volumes, rates and fuel prices and it concludes that this is an attractive opportunity, combining low risk with a real opportunity for a financial return.

The steering group has appointed Mr. Paul O'Brien as co-ordinator of the fundraising drive. He can be contacted at 087 7857619 at the West Cork Tourism offices at The Rectory at Cork Road, Skibbereen.

A series of information meetings will be held throughout West Cork starting with four meetings tomorrow, Friday 13th. The first meeting will take place at 10am in The Trident Hotel in Kinsale; a noon meeting at Hosfords Garden Centre; a 4pm meeting at Casey's Hotel in Baltimore; and a 7pm meeting at The Westlodge Hotel in Bantry.

On Saturday, there will two meetings: the first will be at 10am at The Cametringane Hotel, Castletownbere for the Beara region followed by a 1.30pm meeting in The Castle Hotel in Macroom.

These meetings will culminate in a final open meeting on Tuesday 17th February in Skibbereen’s West Cork Hotel at 8pm where interested investors will be urged to pledge their money.

Kieran

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The Christian IV will be renamed the Innisfalln if the funding is secured.

Collision-course

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Appropriate , any word if they reached they target? last I heard they were half way there.

Collision-course

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It seems that the original Swansea Cork Ferries Ltd. is no more , however the new company to take over the Swansea - Cork route is to be called B&I Line , that coupled with the "Innisfallen" will make things interesting , a blast from the past or what.

Kieran

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They are more than two thirds of the way now, even the Cork and Kerry footballers are putting in funds...and didn't hear about the B&I named. Swansea-Cork Ferries was always just a trading name, the company behind it was Briar Star Ltd...
Last Edit: February 23, 2009, 01:07:29 PM by admin

Collision-course

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Happier days...........................................