‘Sad’ end as ferry service fails to secure investment

The operators of the Cork to Swansea ferry service were unable to secure the investment required to ensure its survival, the High Court heard yesterday.

A receiver is to appointed to four of the companies in the Fastnet Line, which operates the service on behalf of the West Cork Tourism Society. Three other firms in the group are to be wound up.

Yesterday, Michael McAteer, the examiner to the service, told the court that as a result of the failure to secure the required investment there was no prospect of a survival scheme being put in place that would allow the firms to continue to trade.