SeaStreak For Sale and Closes South Amboy Route

Wednesday, November 09, 2005
According to an Asbury Park Press report, the parent company of SeaStreak is putting the ferry business up for sale and closing its route between South Amboy and Manhattan. SeaStreak's Monmouth County routes between Highlands and Manhattan and Atlantic Highlands and Manhattan will continue. High fuel costs have hit SeaStreak hard, according to the report. The company is expected to lose $2.7 million this year, including a $1.3 million loss on the South Amboy route. London-based Sea Containers is restructuring its ferries division, which besides SeaStreak, includes ferries in Europe and routes across the English Channel, from England to France. - Asbury Park Press
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