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PS News· TodayPolitics

Berth of a new chapter as quay opens for Spirit of Tasmania IV and V ferry services

Devonport's Spirit Quay has officially opened ahead of the first sailings of the Spirit of Tasmania IV and V. The facility includes a 740-tonne gantry with four steel ramps linking the new ships to concrete loading ramps. Premier Jeremy Rockliff said the quay will support growth in passenger numbers and freight across Bass Strait. Minister Kerry Vincent said more than half the construction work was delivered by local partners. The ferries will make their maiden voyages on 31 October.

PerthNow Local· This weekBusiness

Ferries drop in value in Spirit of Tasmania write-down

Tasmanian government-owned operator TT-Line has reported a $646.9 million write-down of assets in its 2025/26 financial statement. Its two older ferries, more than 20 years old, are now valued at $87.5 million, down from $174.3 million. Chair Ken Kanofski blamed Middle East unrest, interest rates and the old ships' fuel use. The two new ferries, due to start Bass Strait crossings on October 31, have also fallen in value, as have the Devonport and Geelong terminals. The company recorded a $1.55 million profit and expects growth from the new vessels and facilities.

ABC News Just In· This weekPolitics

Spirit ferries, terminals have millions wiped in major asset write-down

The operator of the Spirit of Tasmania ferries has reported a $723 million accounting loss for the year. Most of the loss comes from a $646.9 million write-down of its four ferries and two terminals. Chairman Ken Kanofski said the write-down is non-cash and does not affect the company's equity request or debt position. He said the outlook is very strong and that the company remains solvent. Spirit I and II are set to leave service, while the newer ships begin servicing Bass Strait at the end of the month.

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#Bass StraitTopic

Berth of a new chapter as quay opens for Spirit of Tasmania IV and V ferry services

Ferries drop in value in Spirit of Tasmania write-down

Spirit ferries, terminals have millions wiped in major asset write-down

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#Bass StraitTopic

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Berth of a new chapter as quay opens for Spirit of Tasmania IV and V ferry services

Ferries drop in value in Spirit of Tasmania write-down

Spirit ferries, terminals have millions wiped in major asset write-down