(29 Sept 2022) Upon the decision by the owners of “MV Arrow” to sell the cargo ship, the Isle of Man Steam Packet Company has confirmed it has secured her ownership for €9 million (Euros).
As part of the previous longstanding charter agreement, the Company negotiated the option to purchase the vessel. The acquisition is being financed from existing Company resources.
Steam Packet Company Managing Director Brian Thomson said: ‘The MV Arrow has proven to be an extremely valuable back-up for our vital Island services. Securing her ownership will provide continuing service security and resilience for freight traffic, especially during events such as the TT, Manx Grand Prix and other peak travel periods.’