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Tag: Seaborne

Brexit ferry firm Seaborne Freight 'will get no money upfront'

Brexit ferry firm Seaborne Freight 'will get no money upfront'

Business
A UK firm contracted to provide extra ferries in the event of a no-deal Brexit will only be paid if it runs "an effective service", the Department for Transport (DfT) says.Seaborne Freight was awarded £13.8m recently to run a freight service between Ramsgate and Ostend.But a BBC investigation discovered it had never run a ferry service before.Seaborne is contractually required to prove it can deliver on its promises, according to the DfT.On Sunday, the DfT stood by the firm, saying it had "carefully vetted the company's commercial, technical and financial position" before signing the deal. Seaborne, together with Brittany Ferries and Danish shipping firm DFDS, were awarded a total of £102.9m over the last few months to provide additional ferri...