Hard to believe but Stena Line are now 2 years into their 3 year charter of the Superfast vessels on the North Channel operation. They have an option for another year, one would think with the vast amount of money they spent converting the ships to a day ferry configuration taking a fourth year will be an easy decision.
original announcement from Tallinkhttp://www.nasdaqomxbaltic.com/market/?pg=details&instrument=EE3100004466&list=2&tab=news&news_id=247233
Tallink Grupp Company Announcement 07.03.2011
Chartering of Superfast vessels
Tallinn, 2011-03-07 08:50 CET (GLOBE NEWSWIRE) -- Chartering of Superfast
The subsidiaries of AS Tallink Grupp, Baltic SF VII Ltd and Baltic SF VIII Ltd
have concluded the charter agreements with Stena Line Ltd for M/S Superfast VII
and M/S Superfast VIII. The vessels will be delivered after the end of the high
season in August 2011. Until then they are operated on their current route by
Tallink. The agreed charter period is three years with the charterers' option
to extend for one additional year. The vessels will be operated in the UK
Tallink has been operating M/S Superfast VII and M/S Superfast VIII between
Finland and Germany since April 2006. As a result of the increased competition
on the route, the increased fuel prices and global recession in the past few
years the financial result of Finland-Germany segment of Tallink has become
negative. For the 2009/2010 financial year Tallink reported a loss of EUR 14
million from this segment. The prospective charter will improve the result of
these vessels so that they will be generating a profit.
Marine Atlantic have recently extended their charter of the sister ship Superfast IX for an extra year.https://newsclient.omxgroup.com/cdsPublic/viewDisclosure.action?disclosureId=569620&messageId=703591
Charter of Superfast IX
Tallinn, 2013-08-22 08:50 CEST (GLOBE NEWSWIRE) -- A subsidiary of AS Tallink Grupp, Baltic SF IX Limited and Marine Atlantic Inc, a Canadian company with the state participation therein, have concluded to extend the charter agreement of Superfast IX for one year, until November 2014. Marine Atlantic Inc plans to continue operating the vessel in the Canadian waters under the name of M/S Atlantic Vision.
M/S Superfast IX has been on the long-term bareboat charter since November 14, 2008.