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Ferry facts and flexible friends.
(From Lloyds List)
THIS week sees ferry operators from around the world descending on the Bahamas for the 29th annual conference of Interferry. They will hear something of a mixed message.
On one hand they will be enthused by the way in which technically advanced ferries have been recognised as energy efficient and environmentally friendly means of moving goods and people who otherwise might block the roads.
On the other they will hear concerns about over-regulation and its attendant costs, coming alongside those from rising operating expenses which it is not always easy to pass on.
In most parts of the world the ferries have failed to enjoy the excellent financial results being seen by other shipping sectors. In the advanced economies they have been required to invest in highly sophisticated tonnage merely to maintain market share.
They fight hard against fixed links, which are built with political support but often with little economic rationale, against the new phenomenon of the cut-price airlines and other local social changes which affect carryings.
They suffer seasonal trade fluctuations that are technically and operationally difficult to cope with.
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