Hornet
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Following on from the existing Ulysses, and the W B Yeats due on stream in July 2018, ICG are investing over €160m for a new Cruise Ferry for the Holyhead Dublin route.
http://otp.investis.com/clients/uk/icg1/rns/regulatory-story.aspx?cid=500&newsid=962216
http://otp.investis.com/clients/uk/icg1/rns/regulatory-story.aspx?cid=500&newsid=962216
Irish Continental Group plc invests €165.2 million to build a new cruise ferry for Dublin - Holyhead route
Irish Continental Group plc ("ICG") has entered into an agreement, with the German company Flensburger Schiffbau-Gesselschaft & Co.KG ("FSG"), whereby FSG has agreed to build a cruise ferry for ICG at a contract price of €165.2 million. Upon completion, it will be the largest cruise ferry in the world in terms of vehicle capacity.
The cruise ferry will accommodate 1,800 passengers and crew, with capacity for 5,610 freight lane metres, which provides the capability to carry 330 freight units per sailing. Overall, it will effectively be a 50% increase in peak freight capacity compared to the MV Ulysses.
The Agreement between ICG and FSG provides that the cruise ferry is scheduled for delivery before Mid-2020. Twenty percent of the contract price will be paid in instalments during the construction period. The balance of 80% will be paid on delivery. ICG intend to utilise credit facilities to finance the cruise ferry. The pre-delivery instalment payments to FSG will be protected by means of bank guarantees.
This cruise ferry will be designed and built to the highest standards ...
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