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Fastcraft ferry company invests £13.5 million - (photo)

Posted by editor on May 21, 2008 - 08:00 AM
Filed under: Shipping, News

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SpeedFerries, the English Channel’s family-owned low-cost ferry operator, has now purchased the previously chartered, 86 metre Wave Piercing Catamaran SpeedOne from the Australian company, Incat.

SpeedFerries entered the market in May 2004, launching sailings between Dover and Boulogne with the SpeedOne.

Since then the company has had a dramatic effect on the cross-Channel ferry market, the average price of car tickets on the Dover Strait has reduced dramatically.

“The purchase of SpeedOne has been foreshadowed for quite some time and while the sceptics have been quick to dismiss SpeedFerries’ success, the company continues to march to a carefully executed business plan,” says Curt Stavis, CEO of the Dover-based company.

The deal marks a £13.5 million investment for SpeedFerries and follows a recent move to a dedicated and exclusive terminal at Dover’s Western Docks. The next stage in the company’s development is to source a second Incat vessel to partner SpeedOne, bringing a higher frequency of sailings and possible new route opportunities.

The service between Dover and Boulogne takes just 50 minutes to cross and up to 10 sailings daily are offered at value prices. With exclusive port facilities in both Dover and Boulogne, SpeedFerries customers also benefit from a less congested experience due to no freight or heavy traffic. Just a 30 minute drive from Calais, Boulogne has excellent motorway links and is ideally situated for travel throughout Europe.


 


 

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