A record number of passengers crossed the Bass Strait on Spirit of Tasmania vessels last year.
Over 450,000 people boarded 896 sailings on the boats operated by TT-Line in the 2022-23 financial year, contributing to a total revenue of around $307 million and an after-tax profit of $8.6 million.
The increase in both passenger numbers and profits is a ‘significant turnaround’ from the previous year, when numbers were impacted by COVID-19.
Company chairman Michael Grainger said the arrival of the Spirit of Tasmania at the new mainland dock in Geelong was “one of the most significant” events in the last year.
“It officially marked the start of a new era in Bass Strait passenger, passenger vehicle and freight transport, and represented a once in a generation opportunity for Spirit of Tasmania to further enhance the experience of its passengers,” Grainger said.
He said both of the current ships, which are set to be replaced in the coming year, are “highly regarded on the international ship market” and comply with global regulations on sulphur emissions.
“The two Spirit of Tasmania vessels were revalued at 53.5 million euros, slightly lower than previous valuations due to their age and the impact of COVID-19 on the ferry resale market.”
TT-Line is on track to take possession of two new Spirit of Tasmania vessels in 2024, with construction reported to be well advanced by ship builder Rauma Marine Constructions.
