BC Ferries Restructures Its Financials

Thursday, March 30, 2000
As part of its financial restructuring package, Canadian-based BC Ferries will sell off its three PacifiCats ferries in order to remove its $1.1 billion debt. A decision was reached to write down the vessels by a total of $240 million. Catamaran Ferries International (CFI), a wholly-owned subsidiary of BC Ferries, will have its assets sold off later this year, proceeding the turning over of the third PacifiCat to its owner (BC Ferries). The company's board of directors suggested the sale of CFI's assets as the most cost-effective method of action.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Nakilat Damen Shipyards Qatar JV is 5

On 23 November 2015, Nakilat Damen Shipyards Qatar celebrated its first 5 years of operation. With 40 vessels delivered or under construction, the yard has proven

Deltamarin to Designs First LNG Handysize Bulk Carriers

Deltamarin Ltd proudly announces that it has signed a contract to design the world’s first LNG handysize bulk carriers, which will point the way towards greener shipping of commodities.

Wärtsilä's' Digital Services for Performance Enhancement

Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, launches a new service portfolio, Wärtsilä Genius services to help

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Salvage Ship Electronics Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0791 sec (13 req/sec)