ICG to invest €144 million to build a new cruise ferry

The ferry is scheduled for delivery in May 2018

ICG is paying 144 million to build a new cruise ferry

Irish Continental Group said it will invest €144 million in building a new cruise ferry that will accommodate 1,885 passengers and crew, with 435 cabins and capacity for 165 freight vehicles.

The shipping group has entered into an agreement with the Germany firm Flensburger Schiffbau-Gesselschaft to build the ferry, which is scheduled for delivery in May 2018.

A fifth of the contract price of €144 million will be paid in instalments during construction ...