Unpaid Canaries bill threatens ferry link / News / The Foreigner

Unpaid Canaries bill threatens ferry link. Norway shipping magnate Fred. Olsen threatens to suspend Canary Islands services for non-payment of EUR 17.87 million (about NOK 133 million). “It may be necessary to close ferry routes the company doesn’t make money on, and routes that depend on direct support from the Canarian authorities to remain in service,” Sebastian Cerezo, managing director at Fred. Olsen told news agency EFE. Canary Islands residents are entitled to lower ticket prices, and most of the unpaid EUR 17.87 million comprises subsidies for these.

fredolsen, norwayshipping, canaryislands



The Foreigner Logo

The Foreigner is an online publication for English speakers living or who have an interest in Norway. Whether it’s a glimpse of news or entertainment you’re after, there’s no need to leave your linguistic armchair. You don’t need to cry over the demise of the English pages of Aftenposten.no, The Foreigner is here!

Norske nyheter på engelsk fra Norge. The Foreigner er en engelskspråklig internett avis for de som bor eller som er interessert i Norge.

Google+ Google+ Twitter Facebook RSS RSS



News Article

LATEST:

}

Unpaid Canaries bill threatens ferry link

Published on Wednesday, 24th October, 2012 at 10:35 under the news category, by Michael Sandelson   .
Last Updated on 24th October 2012 at 18:33.

Norway shipping magnate Fred. Olsen threatens to suspend Canary Islands services for non-payment of EUR 17.87 million (about NOK 133 million).

Fred Olsen Benchijigua Express
Fred Olsen Benchijigua Express
Photo: Childzy/Wikipedia


“It may be necessary to close ferry routes the company doesn’t make money on, and routes that depend on direct support from the Canarian authorities to remain in service,” Sebastian Cerezo, managing director at Fred. Olsen told news agency EFE.

Canary Islands residents are entitled to lower ticket prices, and most of the unpaid EUR 17.87 million comprises subsidies for these.

The Islands recently applied for a EUR 756 million bail-out loan from Madrid to cover public service and offiicials’ wages.

In efforts to maintain current services, some routes will be scaled-down, and the company will attempt to secure a bank loan.

According to Mr Cerezo, however, “this has become increasingly difficult."

Fred. Olsen Express operates six sea routes (La Gomera-Tenerife, Tenerife- Gran Canaria, Lanzarote-Fuerteventura, Gran Canaria-Fuerteventura, La Palma-Tenerife, and El Hierro-Tenerife).

The business transports some 2,700,000 foot passengers, 550,000 cars and more than 200,000 heavy goods vehicles are transported every year. It employs 820 staff locally.

In other news, Fred. Olsen also now advertises UK-originating return fly-cruise packages Southampton-the Canary Islands, and London-Gatwick/Manchester-Dakar-the Gambia- Cape Verde Islands-Santa Cruz.

A third holiday includes Morocco.

“We are very excited to be offering these winter sunshine fly-cruises; they will appeal especially to our guests who yearn for a winter getaway, but don’t have time for a longer cruise,” said Fred. Olsen Cruise Lines’ Nathan Philpot.



Published on Wednesday, 24th October, 2012 at 10:35 under the news category, by Michael Sandelson   .
Last updated on 24th October 2012 at 18:33.

This post has the following tags: fredolsen, norwayshipping, canaryislands.





  
Do NOT follow this link or you will be banned from the site!