SpeedFerries in administration

BOULOGNE to Dover ferry company SpeedFerries has gone into administration, with all crossings until November 18 cancelled.

A spokeswoman for administrators Ernst & Young said customers with pre-booked tickets should hold onto them and wait for further information which will be posted on the company website www.speedferries.com

A statement by Ernst & Young said: “Speedferries Limited operates in a highly competitive industry and has been affected by a general downturn in the industry related to a reduction in customer travel over recent months and rising fuel costs.

"The administrators are now exploring the option of selling the business as a going concern.”

SpeedFerries' only ferry SpeedOne was seized by Boulogne port authorities on November 6 after a row over unpaid port fees and taxes.

Photo:Speedferries