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Marine Log

January 30, 2008

BC Ferries puts four veteran ships up for sale

With three new Coastal Class vessels and an intermediate size vessel joining the BC Ferries fleet this year, the company intends to retire four older vessels by the fall of 2008.

The Queen of Tsawwassen, one of BC Ferries' original vessels, along with the Queen of Esquimalt, Queen of Saanich and Queen of Vancouver are all being offered for sale. The vessels range in age from 45 to 48 years old.

"The sale of these four vessels marks a new phase in the evolution of BC Ferries," said David L. Hahn, BC Ferries' President and CEO. "These four ships have served British Columbians and visitors well, however with the arrival of new vessels better suited to current customer expectations and business needs, the time has come for these vessels to be used elsewhere."

BC Ferries is seeking expressions of interest from prospective buyers at this time. Two offers have already been received for the Queen of Tsawwassen and BC Ferries has received numerous enquires regarding the other vessels. All of these vessels are currently operating and are certified by Transport Canada.

BC Ferries is engaging the services of international ship brokers to assist in locating buyers for the used ships. It says that market demand will dictate the price. Prospective buyers can contact BC Ferries from now until March 1, 2008 at shipsforsale@bcferries.com.

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