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8th September 2020

Ferry Operator Stena Line Posts Major Losses after Pandemic Devastated Travel

As expected the ferry group's finances have been hit but second quarter shows signs of recovery. Above Stena Adventurer swings off the Port of Holyhead in north Wales

Ferry firm Stena has posted major losses for the first six months of the year after the pandemic devastated travel.

Coronavirus has seen passenger numbers slashed and freight reduced on Stena Line's key routes - including those from Holyhead, Liverpool and Heysham to ports in Ireland and Northern Ireland.

Now Stena AB Group has posted figures from the first six months of the year.

The Stena Line ferry operation had losses of –1,014 Swedish Krona (SEK) (Around -£87m) over the period - the bulk of these losses in the first three months of the year.

For further breakdown Business Live has more of the operator's results.

Published in Ferry

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William M Nixon has been writing about sailing in Ireland and internationally for many years, with his work appearing in leading sailing publications on both sides of the Atlantic. He has been a regular sailing columnist for four decades with national newspapers in Dublin, and has had several sailing books published in Ireland, the UK, and the US. An active sailor, he has owned a number of boats ranging from a Mirror dinghy to a Contessa 35 cruiser-racer, and has been directly involved in building and campaigning two offshore racers. His cruising experience ranges from Iceland to Spain as well as the Caribbean and the Mediterranean, and he has raced three times in both the Fastnet and Round Ireland Races, in addition to sailing on two round Ireland records. A member for ten years of the Council of the Irish Yachting Association (now the Irish Sailing Association), he has been writing for, and at times editing, Ireland's national sailing magazine since its earliest version more than forty years ago