Tuesday, November 4, 2014
corse car ferry

French Ferry Operator SNCM Files for Court Protection

France-Corsica ferry operator SNCM has suspended payments to creditors and will file for court protection on Tuesday, the firm said in a statement late on Monday.

November 4, 2014
Total Views: 2

Wednesday, October 29, 2014
Maritime News

French Ferry Operator SNCM to Seek Court Protection Next Week -Source

France-Corsica ferry operator SNCM will file for court protection next week, a source close to the company told Reuters on Wednesday, which will clear the way for its shareholder Veolia to restructure its transport division.

October 29, 2014
Total Views: 0

Thursday, September 4, 2014
Maritime News

French Ferry Operator SNCM Loses State Aid Appeal

Cash-strapped ferry operator SNCM looks set to seek legal protection from its creditors after Europe's highest court ruled on Thursday it must pay back 220 million euros ($289 million) of French state aid.

September 4, 2014
Total Views: 1

Wednesday, July 9, 2014

French Government to End Corsica Ferry Blockades ‘Within Hours’ -Prime Minister

French Prime Minister Manuel Valls said on Wednesday he would take steps "within hours" to end blockades of ports in Marseille and Corsica by workers of the SNCM ferry operator, who are striking over the firm's restructuring plans.

July 9, 2014
Total Views: 2

Monday, June 23, 2014

Veolia Strategy at Sea Over SNCM Stalemate

Veolia Environnement, a global leader in water and waste management, has a little local difficulty: an ailing France-Corsica ferry operator that weighs on its shares, gives its CEO nightmares and puts the brakes on its strategic plans.

June 23, 2014
Total Views: 1

Tuesday, June 17, 2014
Maritime News

Mexican Ferry Firm Hopes to Buy France’s SNCM

Mexican ferry company Baja Ferries said on Tuesday it hopes to close a deal to buy troubled French ferry operator SNCM before November or December.

June 17, 2014
Total Views: 0

Monday, May 26, 2014
Maritime News

Veolia’s Transdev In Talks With Unishipping About SNCM Sale

By Geert De Clercq PARIS, May 26 (Reuters) – U.S.-Mexico ferry operator Baja Ferries is in talks with French transport firm Transdev about buying its 66 percent stake in loss-making...

May 26, 2014
Total Views: 4

Friday, March 7, 2014
Maritime News

Struggling Ferry Operator SNCM To Order 4 Ships

Loss-making France-Corsica ferry operator SNCM, which is partly owned by French water and waste group Veolia Environnement, plans to order four new ships, an SNCM spokesman said on Friday.

March 7, 2014
Total Views: 1