MV Atlantic Vision Lease Agreement Renewed until November 2017

by Paul Griffin, President and CEO

Earlier today, Marine Atlantic and the Government of Canada announced the renewal of the charter agreement for the MV Atlantic Vision until November 2017. The MV Atlantic Vision has been in service with Marine Atlantic since 2009 and travels between Port aux Basques and North Sydney, and is also recognized as the seasonal vessel that travels between Argentia and North Sydney from June to September. With its cruise ship feel and numerous amenities, customer satisfaction levels with the vessel have grown steadily over the past five years.

Today’s announcement was made possible by an approximate $40 million investment from the Government of Canada, and is in addition to the $521 million investment announced in Budget 2010 which helped upgrade Marine Atlantic’s fleet, facilities and business processes.

For customers, today’s announcement means more certainty regarding our fleet configuration and the continuation of our strong service commitment to the Port aux Basques, North Sydney and Argentia service routes. With this renewal agreement now in place, we will continue with our long-term planning initiatives and further evaluate the best options for our future fleet configuration. Having this vessel available for service over the next three years will ensure we continue strengthening our operations and have the necessary infrastructure available to meet your needs.