Irish Continental Cruise Ferry W.B.Yeats Delivered To Irish Continental Group Plc

 
TIDMICGC 
 
 
   Irish Continental Group plc - Company Announcement 
 
   Cruise Ferry W.B.Yeats Delivered to Irish Continental Group plc 
 
   Irish Continental Group plc ("ICG") is pleased to announce that the 
cruise ferry W.B.Yeats was delivered today to ICG at Flensburg, Germany. 
The W.B.Yeats was built by the German shipbuilder Flensburger 
Schiffbau-Gesselschaft & Co.KG at a contract price of EUR144 million. 
 
   The W.B.Yeats will accommodate 1,800 passengers, offering 440 spacious 
cabins including luxury suites. Deck space can accommodate 2,800 lane 
metres of freight (165 freight vehicles) plus an additional dedicated 
car deck with capacity for 300 passenger cars. 
 
   The W.B.Yeats incorporates emissions scrubber technology (not included 
in the above contract price) and ballast water systems which meets 
current and known future environmental regulations and will deliver 
optimal fuel consumption while minimising related costs. 
 
   The W.B.Yeats has been designed to best meet the operational seasonality 
of our Irish Ferries business. This flexibility in design includes the 
ability to service all of Irish Ferries existing routes between Ireland, 
France and Britain. The W.B.Yeats will also adhere to Ice Class 
specification which will allow for a wide geographic area of operation 
should opportunities arise. 
 
   The W.B.Yeats will now undergo commissioning with Irish Ferries and is 
expected to commence services initially on the Dublin to Holyhead route 
in early January 2019 before switching to Dublin to France route in 
March 2019. 
 
   Referring to the announcement Eamonn Rothwell, Chief Executive Officer, 
commented that; 
 
   "This is the first of two new builds commissioned by ICG with a total 
contracted investment of EUR315 million. The second vessel is expected 
to be delivered during 2020. This investment will increase the tourism 
and freight capacity on the seamless connections from Ireland to the UK 
and Continent which are a vital part of Ireland's tourism access and 
logistical chain. ICG looks forward to the expected significant 
operational and financial benefits following commencement of W.B.Yeats 
scheduled services in 2019." 
 
   12 December 2018 
 
   END 
 
   Enquiries: 
 
   Investor 
 
 
 
   Eamonn Rothwell, CEO                  Tel +353 1 607 5628 
 
   David Ledwidge, CFO                    Tel +353 1 607 5628 
 
   Media 
 
   Nuala Buttner at Q4PR   Tel +353  4751444 
 
   nuala@q4pr.ie 
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   Sarah Corr at Q4PR                          Tel +353 1 4751444 
 
   sarah.corr@q4pr.ie 
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(END) Dow Jones Newswires

December 12, 2018 12:10 ET (17:10 GMT)

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