Coastal-class Ferry Builder Files for Insolvency

The German company that built three Coastal-class vessels for B.C. Ferries more than a decade ago is insolvent, Business in Vancouver reported. A B.C. Ferries official said Friday that the organization has no relationship with the Flensburger Schiffbau-Gesellschaft shipyard anymore, since the warranty period for the ships was two years. “We don’t have any service or maintenance relationship with them,” B.C. Ferries spokeswoman Deborah Marshall said Friday. Flensburger Schiffbau-Gesellschaft, which had been operating at a loss for some time, filed for self-administered insolvency on Friday, according to the publication NIFerry. The goal of the shipyard’s filing is to permit it to start afresh, it said. Decked out in colourful designs, B.C. Ferries’ Coastal Renaissance, Inspiration and Celebration were built by the then-thriving German yard in 2007 and 2008 for just over $500 million. The ferries, which are each 160 metres long and have capacity for 310 vehicles and 1,604 passengers and crew, travel between Vancouver Island and the Lower Mainland. Read more