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Sealink to raise short sea rates next January

26th November 1987
Page 12
Page 12, 26th November 1987 — Sealink to raise short sea rates next January
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Which of the following most accurately describes the problem?

• Sealink has written to international operators to tell them that short sea crossing contract rates will be increased by 70p per metre from the start of next year.

This corresponds to an increase of 210.85 for a fulllength articulated vehicle, and 212.60 for a drawbar unit.

The price increase announcement coincides with the latest results from Sea Containers, Sealink's parent company.

In the nine months to the end of September, Sealink enjoyed a 92.87% increase in pre-tax profits, from E9.54 million last year, to 218.4 million. Turnover also increased from £214.96 million last year, to £236.8 million.

Sea Containers president James Sherwood says he is optimistic about Sealink's prospects, and plans to float a minority interest in the company on the London stock market next year.


Locations: London

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