P&O Ferries renews Pride of Bilbao charter
Date: 17 Jan 2007
Source: Lloyds List
P&O Ferries has renewed its charter of the Pride of Bilbao for a further three years, ending doubts about the future of the UK operator's well established Portsmouth-Bilbao service, writes Mike Hood .
The renewed charter with owner Irish Continental Group for the 1986-built vessel runs from October 2007 and is believed to have been secured at 20% less than the previous agreement.
The 37,583 gt ferry has been on charter to P&O Ferries since 1993. It was built originally as the Olympia for Viking Lines' service in the Baltic between Sweden and Finland.
Recently she has suffered a series of problems, both mechanical and operational, but has continued to be popular with both passengers and freight operators.
Last year the vessel suffered main engine problems. It also saw the arrival of a competitor on the Portsmouth-Bilbao route in the shape of Spain's Acciona Trasmediterranea, with the 2001-built, 26,916 gt Fortuny.
While the Spanish line has made inroads into the freight business between the UK and northern Spain, P&O Ferries has maintained its reputation of providing the best service for passengers, both foot and car based.
Date: 17 Jan 2007
Source: Lloyds List
P&O Ferries has renewed its charter of the Pride of Bilbao for a further three years, ending doubts about the future of the UK operator's well established Portsmouth-Bilbao service, writes Mike Hood .
The renewed charter with owner Irish Continental Group for the 1986-built vessel runs from October 2007 and is believed to have been secured at 20% less than the previous agreement.
The 37,583 gt ferry has been on charter to P&O Ferries since 1993. It was built originally as the Olympia for Viking Lines' service in the Baltic between Sweden and Finland.
Recently she has suffered a series of problems, both mechanical and operational, but has continued to be popular with both passengers and freight operators.
Last year the vessel suffered main engine problems. It also saw the arrival of a competitor on the Portsmouth-Bilbao route in the shape of Spain's Acciona Trasmediterranea, with the 2001-built, 26,916 gt Fortuny.
While the Spanish line has made inroads into the freight business between the UK and northern Spain, P&O Ferries has maintained its reputation of providing the best service for passengers, both foot and car based.