Irish Continental Group commissions biggest car ferry of the world at €165 million

Published on : Wednesday, January 3, 2018

Irish Continental GroupIrish Continental Group or the ICG is all set to revamp its Dublin to Holyhead route by investing over €165 million on what will be conferred as the world’s biggest car ferry. The transport company has recently signed a contract with German firm FSG to put together the ship and launch it before mid-2020.

 
The approximate cost of the new craft will be €165.2 million and take 1,800 passengers, crew and 330 freight containers at the same time. In the world, it will be the biggest ferry in terms of vehicle capacity, as mentioned by the Irish shipping company.

 
To remember, according to recent news, on Tuesday, ICG’s shares dropped 0.52 percent to close at €5.73 in Dublin.

 
When it will be functional, the new ship is anticipated to put back the MV Ulysses, which will then take the charge of ownership from MV Epsilon, a chartered vessel, in ICG’s fleet.
This will eventually permit the company to organize the MV WB Yeats, which it will owe this year, on its direct Ireland-France route, together with the MV Oscar Wilde.

 
It has been mentioned by ICG that the new vessel will have 50 percent greater peak freight capacity than the MV Ulysses. The company said that the new vessel will have four engines which should make it highly reliable.

 
Also, the ship will have five decks of freight capacity. Exclusively, the vessel is designed to allow three tiers of loading that will increase the speed turnaround times by making loading and unloading more well-organized, ICG highlighted.

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