FRS Buys Majority Stake in Clipper, Grows Presence in North America

German shipping group Fast Reliable Seaway (FRS) has bought a majority interest in US-based ferry company Clipper to expand its presence in Canada.

With the acquisition, Clipper will introduce a new hub in Vancouver connecting downtown Vancouver to downtown Victoria.

FRS also said it plans to launch a new ferry service from Florida to Cuba, pending government guidance and approval.

“The expansion of operations to Vancouver and Cuba will further benefit both of our Canadian and American destination cities,” Merideth Tall, founder, CEO and Chair of Clipper, said.

“Clipper has an impressive track record in the Pacific Northwest and Canada, and will now serve even more of the Canadian market with a new Vancouver service. With the support of Clipper, we are also thrilled to launch a new ferry service between Florida and Cuba,” Götz Becker, CEO of FRS, said.

Terms of the acquisition were not disclosed.

FRS, which currently operates 60 vessels in 12 countries, carried more than 7 million passengers and 1.9 million vehicles last year on national and international ferry lines.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

The 5th CWC China LNG & Gas International Summit

Gain Access to Global LNG & Gas Decision Makers in China

Take a peek inside our 2019 Introductory Brochure and stay on top of this rapidly developing market.

See who is already working with us this year as Speakers, Sponsors and Partners – download your Preview Brochure today and meet them in Beijing on 15-16 October 2019.

As the world’s second largest LNG importer, China will remain the biggest contributor to global LNG demand growth in the foreseeable future. Network with global LNG & gas decision makers, buyers, NOCs and Government Officials at the industry’s leading international event in China.

More info

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >