Tuesday 3 February 2015
SeaLink Travel Group (ASX: SLK) today announced the expansion of its Sydney Harbour fleet, with the acquisition of two 300 passenger, high speed vessels purchased this week.
The ferries will be used by SeaLink’s Captain Cook Cruises to supply new routes and to create a flexible response to meet growing market demand for services on Sydney Harbour.
The new ferries were acquired for $6 million and will be funded from existing debt facilities.
SeaLink Managing Director, Jeff Ellison, said the ferries were ideal for Sydney Harbour and have already been proven on the Circular Quay to Manly service, where they have been operating for the last four years.
“Both ferries can carry up to 300 passengers and are very adept at moving large crowds efficiently between destinations,” Mr Ellison said.
“We are confident of our ability to win new contracts on Sydney Harbour and are keen to support the future development of the Barangaroo waterfront precinct, a key part of the Transport Master Plan for Barangaroo to be a major new ferry hub.”
SeaLink already has contracts with Harbour City Ferries, the Biennale Festival and the temporary Convention Centre.
The purchase of the two vessels follows the recent delivery of 4 new 200 passenger ferries built by the company. This takes the total number of high speed passenger and commuter ferries to 9 vessels on Sydney Harbour.
The two new ferries are constructed of marine grade aluminium which makes them light and fast for their size operating to speeds up to 30 knots (55 kilometres per hour).
They became available following the awarding of the fast ferry services between Circular Quay and Manly to a single operator.
With the addition of the new acquisitions, SeaLink’s fleet will have 29 vessels.
The purchase is subject to shareholder approval.
SeaLink Travel Group is one of Australia’s most dynamic tourism and transport company bringing the nation’s best tourism experiences to the world. With more than 600 staff across the country and more than three million customers annually, the Adelaide-based company has undergone a remarkable period of growth, emerging as a significant player on the national tourism and transport scene.
SeaLink’s operations extend across New South Wales, Queensland, Northern Territory and South Australia, which includes:
For more information please call: Carla Schaefer, Investor Relations, SeaLink Travel Group 08 8202 8619 or 0409 101 188