UK cancels million-pound contract with shipless ferry operator

The UK Ministry of Transport has decided to cancel a much-maligned contract with ferry operator Seaborne Ferries, the purpose of which was to provide additional capacity in the case of a hard Brexit. This could be good news for DFDS.

Photo: DFDS

The UK's Ministry of Transport this weekend canceled a much-criticized contract worth GBP 13.8 million with Seaborne Ferries, which was supposed to provide additional capacity in the case of a hard Brexit with no trade agreement, reports Financial Times.

In December, the ministry selected Seaborne Ferries, Britanny Ferries and Danish DFDS for three contracts worth more than GBP 100 million. But the choice of Seaborne quickly became the subject of criticism, as it was revealed, among other things, that the company was only a few years old and does not own a single ship.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

OECD downgrades growth forecast for global economy

The global economy is still growing, though it's losing momentum, according to the latest growth estimate of the OECD's Economic Outlook. Bottlenecks in the shipping sector and elsewhere as well as pressure on supply chains have contributed to rising inflation.

Norden reshuffles management and dials up growth ambitions

Norden establishes a new business structure and a new senior management team. This will entail increased growth in the carrier's tanker pool and investments in port logistics for an annual USD 20-40 million, CEO Jan Rindbo tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs