Marine Link
Monday, March 18, 2024

Norway Invites Coastal Ferry Route Bids

Maritime Activity Reports, Inc.

April 24, 2017

The Norwegian government is inviting shipping firms to compete for the right to provide a transport service for goods and passengers along the country's coastline, with 34 port calls from Bergen to Kirkenes, the Ministry of Transport and Communications said in a statement on Monday.

 
The European Surveillance Authority recently approved an overall $600 million subsidy scheme for the ferry route for the years 2012 to 2019
 
It is currently operated by Hurtigruten, owned by private equity firm TDR Capital, under a deal that expires by the end of 2020
 
"We've seen substantial interest from potential bidders," the ministry said, without mentioning numbers or names.
 
Norwegian financial daily Finansavisen recently reported that TDR plans an initial public offering of Hurtigruten
 
Reporting by Terje Solsvik

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week