MOBY CORSE Sold to New Italian Company Ferry Med

By | 2024 Newsletter week 40 | No Comments

The 1978-built ferry MOBY CORSE has been sold to a newly established company, Ferry Med Srl, based in Vado Ligure (Savona).

The sole owner is Rihard Stergulc, former managing director of Trans Europe Shipping Lines (TSL) and currently the general manager of Kajster, a Slovenia-based ship management company specialising in ferries and RoRo ships.

A source familiar with the matter confirmed to FSN that MOBY CORSE will be deployed on routes linking Southern Europe and Algeria for a new shipping company, which will be established and supported, to some extent, by the Algerian Ministry of Transport. This company will operate regular links between Spain, France, and Italy to Algeria with a fleet of RoPax ferries.

The sale price is believed to be under €8 million.

Built by the Danish shipyard Aalborg and delivered in 1978, MOBY CORSE was purchased by Vincenzo Onorato in 2009 for approximately €7 million to penetrate the Corsican market on the Toulon-Bastia route.

The ferry is 153 metres long, with a capacity to carry 400 cars and 1,120 passengers.