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Steam Packet - Huge Loss


John Wright

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2 hours ago, ellanvannin2010 said:

They need to get the sister to the Manxman ordered soon too, the cost of running the seacat going forward will likely be even more staggering/ uneconomical than it was before

Steady on LOL ! it's cost what, 300 million so far to engineer the position we are in !

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1 hour ago, asitis said:

Steady on LOL ! it's cost what, 300 million so far to engineer the position we are in !

It'll soon be paid off by the 500k visitors who are gonna flock here every year....

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If the boats travelled at the speed they are capable off I.e. four engines and full steam ahead the fuel costs would be astronomical but it would mean much reduced journey times and possibly more passengers.    With the situations at the airports atm it can be speedier using the ferry.

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4 hours ago, finlo said:

It's also funny how we've always been told passengers are little more than a nuisance and all the money is in the freight!

Part of the cost for this must rest with the former Chief minister , it s known  in logistic circles the Steam packet management and directors wished the make economic savings  by reducing   sailings to every other day , this would have also suited the  supermarkets  who  were widely consulted  and who  could have had priority space for perishables , but NO someone decided that  the Isle of Man must have  a daily ferry service no matter what cost , 

this is what happens when vanity takes preference over sanity  I hope a Tynwald scrutiny committee has the balls to have a proper investigation into this , we have spent a fortune under the guise of Covid ,and much of it without regard to the long term implications and the  reality   that the money had to be eventually  found from somewhere , 

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4 hours ago, ellanvannin2010 said:

They need to get the sister to the Manxman ordered soon too, the cost of running the seacat going forward will likely be even more staggering/ uneconomical than it was before

the sea cat was burning 54 litres of fuel per nautical mile ,  at the present rate of increase in fuel costs  they wont be able to afford to run it without a fuel cost supplement on the  freight or passenger cost ,  then you will have the Liverpool city environmental  charges to put on top of that , for every vehicle entering the city centre , then add the cost of running and loan charges  for  the white Elephant terminal in Liverpool , which  is probably going to lie empty all winter , you have to ask yourself who is going to absorb all this cost , 

you cant factor in freight because Liverpool will not allow any , what a shit storm that is    brewing ! 

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1 minute ago, 0bserver said:

The Great Manx Taxpayer.

I don't like the sound of that. Apart from the great bit. 

4 hours ago, ellanvannin2010 said:

the cost of running the seacat going forward will likely be even more staggering/ uneconomical than it was before

Cheaper than going backwards though. 

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5 hours ago, Banker said:

Well all ferry companies & airlines have lost massive amounts in last 2 years so don’t see why steam packet would be different, Guernsey had to cover £13.5m loss for Aurigny for 1 year & it also makes losses every year!

You're rather missing the point.  Everyone expected the Steam Packet to make losses in the last two years - the loss of the TT would be a big hole on its own.  The accusation is that losses may have been greater than they should be because some in government insisted on more sailing than were required.  In addition, the more voyages there were, the more chance there was that the virus would be reintroduced - and that was exactly what happened, causing the expense of the third lockdown.

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