November 30, 2017
It is not a surprise. For the third time the cross-Elbe ferry company did not survive in spite of rescue attempts. Depending on the sources, several reasons are being given for the failure.
- Insufficient cars, cargo and passengers or, ship that was too large.
- Insufficient support from local authorities on both sides of the river. Elb-Link asked for a public bridging loan of EUR 200,000 but this wasn’t granted.
- Increased charter rate of the ferry upon renewal of contract (EUR 8,000/day). Management of Elb-Link says a more realistic price would be EUR 3,500.
Photo: Elb Link