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Order Placed for New Multimillion Pounds Ferry

By ,   February 14, 2018 ,   Cruise Industry

A £10m Isle of Wight freight ferry is to be built in Cammell Laird shipyard, Birkenhead.

The 74-metre (240 ft) roll-on roll-off ship will operate on Southampton-East Cowes route.

Isle of Wight, Cowes, England

According to ferry operator Red Funnel, a dedicated freight service was needed as it had "run out of capacity" on the existing vehicle ferries.

The order marked the latest investment by the consortium of UK & Canadian pension funds that bought Red Funnel last year.

Currently, the operator carries more than half the commercial freight traffic on/off the island.

The new vessel would free-up space on the 2 existing vehicle ferries.

Cammell Laird yard is due to deliver the new ferry in spring 2019.