Now didn't they do well, they actually replaced the Swift with Westpac Express and it cost them nothing, in fact they have made money on the transaction, fair play Irish Ferries /ICG.
This is how well they did
The High Speed Craft ‘Westpac Express’ (built 2001) was purchased by the Group for $13.25 million. The Vessel was delivered to ICG in June 2016 and immediately chartered to the third party, Sealift Inc. This Charter continued until November 2017, resulting in total earned charter revenue of €6 million or approximately 54% of the purchase price of the Vessel. The Group is currently finalising its fleet operational requirements for 2018 and a decision on whether to charter externally or deploy this Vessel within the Group’s Irish Ferries services, in lieu of the existing Vessel, ‘Jonathan Swift’, will be announced in due course. The Westpac Express offers the Group 20% additional capacity over the Group’s current fast craft, Jonathan Swift
Page 10 on link belowhttp://icg.ie/documents/2018/icg_company_presentation_05_january_2018.pdf
Good business for any firm, to sell a valuable asset and replace with a newer bigger vessel and have cash in the bank, happy days.