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Irish Continental acquires high speed craft

By BFN News | 07:40 AM | Friday 15 April, 2016


Irish Continental Group has agreed to acquire the high speed craft 'Westpac Express' from BALI Westpac 2006 for $13.25m. Title to the vessel will transfer to ICG on delivery which is expected by late May. Upon delivery, the vessel will be bareboat chartered to a third party (Sealift Inc) for a firm period of four months with four further one year option periods and a final seven month option at the charterer's option. The vessel was built in 2001 by Austal Ships, Australia. It has a gross tonnage of 8,403 tonne, passenger capacity of 900 and a car carrying capacity of 182 units. Story provided by StockMarketWire.com

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