January 31, 2019

Work on the VILLA DE TEROR was suspended this week

The (delayed) ferry that the Volcan Shipyard is building for Trasmediterránea must be finished by 29 March at the latest.

The yard is struggling to survive, with debts building up.

Yard workers have protested, as they have not been paid since September. Several suppliers have open invoices, believed to total EUR 4 million.

Banco Santander has reached an agreement with Trasmediterránea, which gives a margin of financing, in order to complete the vessel.

There is a believe that the vessel will be finished.