The company has a modern fleet of 38 vessels, including fast ferries, traditional combi-ferries, RoPax
ferries for freight and passengers, and pure cargo ships.
Ferries engaged in SSS represent the other extreme, with the combination of very high TO and high CO, particularly the conventional ferries, or 'multipurpose' as Baird (1997) denotes them, and RoPax
sub segments due to the very open interface between cargo and passengers.
The yard recently secured a life-saving pounds 300million order for the design and construction of four ropax
ferries - with options for two more - and has signed letters of intent with a US company for two luxury cruise liners.
It takes delivery of two additional RoPax
(vessels primarily designed
Ferry MV Veteran for Canadian lifeline vessel replacement.
We have considerably strengthened our market position on the Irish Sea, via measures such as the new Fleetwood-Larne freight route and introducing the Stena Adventurer RoPax
ferry on the Holyhead-Dublin route in 2003,' he said.
Since then the company has signed an order for four advanced roll-on roll-off Ropax
ferries worth pounds 300 million with options for a further two vessels.
The ferry is a RoPax
vessel with a load capacity of 2,300 lane metres and room for over 300 passengers.
The project will reduce bunker consumption through the installation of state-of-the-art technology hybrid propulsion on (the remaining) two out of four RoPax
vessels ensuring the transport link between RE[sup.
He said all Stena's markets reported improved profits compared to 2003, but the most positive performance in 2004 was seen on the Irish Sea, which had previously reported relatively weak profits: 'We have considerably strengthened our market position on the Irish Sea, via measures such as the new Fleetwood-Larne freight route and introducing the Stena Adventurer RoPax
ferry on the Holyhead-Dublin route in 2003
The contract, to build four Ropax
- modern roll-on roll-off passenger vessels - contains options for a further two ships bringing the total value of the order to approximately pounds 500 million if eventually exercised.
The proceeds of the proposed bond issue will be used to repay existing bank debt, as well as to finance the building of two new RoPax
ferries to be delivered in mid-1998.