TT-Line Company’s Spirit of Tasmania IV. The ferry was already handed over in 2024, but technical issues and a lack of adequate wharf facilities have prevented it from entering service as originally scheduled. TT-Line Company
The Chair of Australian passenger vessel operator TT-Line Company has disputed an assessment by Tasmania’s Auditor-General that the company has become insolvent.
Speaking at the Tasmanian Parliament earlier this week, TT-Line Chair Ken Kanofski said it is “absurd” for the state’s Auditor-General Martin Thompson to declare that the company has been insolvent since August of this year.
Mr Thompson’s assessment of TT-Line being insolvent came after the company’s borrowing limit was raised to AU$1.4 billion (US$910…