Attica Group’s big ferry splash

Attica Group announced on Friday its agreement with the Stena shipping company and China Merchants Jinling Shipyard (Weihai) for the construction of up to four very large environmentally friendly passenger ships, the value of which may exceed 800 million euros.

The agreement provides for the construction initially of two very large passenger ferries, 240 meters in length, with the possibility of using quadruple fuel and energy-efficient state-of-the-art equipment, to be delivered during 2027. There is, moreover, the option for the construction of two more such ships in the future.

The three-way agreement specifically provides for the order of the ships from the shipyards by Stena and then their charter (bareboat) by Attica Group for a period of 5+5 years for each and the option to purchase the ships after the expiry of the first five years.

The first two new...