October 15, 2020
Brittany Ferries’ newest vessel GALICIA made her maiden test call in the ports of Cherbourg and Portsmouth this week.
More relatively good news comes from the financial side of the business.
Normandie Region decided on Monday 12 October:
- Extended depreciation of vessels from 30 to 35 years
- This will reduce the charter rates by €2m/y = €10m over 5y.
- SOMANOR (*) will pay the important maintenance works of owned ships, at a ratio of €7m/y = €35m over 5y.
Conseil Régional de Bretagne will decide on Thursday 15 October:
- €30 million of financial assistance, of which €15 million will be made available immediately.
- This aid is about deferring charter fees on the ships owned by the regions.
- The money is not a subsidy.
A big issue in France is the fear to lose the French Flag. Brittany Ferries is one of the biggest employers of French crews.
(*) SOMANOR
- Brittany Ferries …………………………………….. 24,65 %
- Senacal…………………………………………………. 48,55 %
- Senamanche………………………………………….. 26,80 %
