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Cruise News for the Corporate Travel Professional

April 2013 Edition

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New Superfast Ferry to service Bimini's new Casino

 

Last month, when the Malaysia-based Genting Group acquired the 28-knot fast ferry Superfast VI from Attica Holdings S.A. for a total cash consideration of €54 million, observers were left to wonder what their intention was. Genting group are the parent company of Star cruises and they also have a stake in Norwegian Cruise Line Holdings.

 “The delivery of Superfast VI is scheduled to take place at the beginning of April 2013. Superfast VI will be replaced in the Patras-Igoumenitsa-Ancona route by another vessel of the Group's fleet,” Attica said in a statement.

From this transaction, Attica Group is expected to book capital losses of approximately €6.3M, which will appear in the company's 2012 financial results. After the repayment of the bank debt and all other expenses, the remaining cash is expected to reach €21 million, it said.

The ship is of 30,728 gross tons and it was built in Germany in 2001. Originally Attica built 12 of these fast ropax ferries, of which four remain in service with the company.

Gentine group have since renamed the vessel "Bimini Superfast" and have been announced that she is intended for operation between Florida and Bimini North in the Bahamas, where Genting will open a new casino this December.

   
 

   
 

   
 

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