Fastnet Line are to relaunch the Cork-Swansea ferry next year.
West Cork Tourism Co-Operative Society Ltd have bought the cruise ferry, the Julia, for €7.8m.
The Julia, which will operate under the Fastnet Line brand will arrive in Cork in the coming weeks was built in 1982 and has sailed several routes in Scandinavia.
The vessel has 10 decks with maximum capacity for approximately 440 cars and 30 freight vehicles and the total passenger capacity of the vessel is 1,860.
The Julia has a restaurants, bars, a children’s play area, and a cinema as well as over 300 passenger cabins.
It will start on the Cork-Swansea route in March 2010 and is expected to creat more than 500 jobs.