Ciarán Lynch (Cork South Central, Labour)

I thank the Leas-Cheann Comhairle for allowing this debate. The Cork to Swansea ferry has announced the suspension of sailings. The service was launched on 10 March 2010 following the acquisition of a new ship, the MV Julia, and has carried 150,000 passengers to date. Fastnet suspended all services on 1 November following its placement into examination by the High Court. The company has debts in excess of €10 million. However, all intending passengers have been offered refunds on their fares which is a welcome development.

The original service linking Cork to Swansea ran from 1987 to 2006. Following the wind-up of the company it was terminated and recommenced in 2010 when a new company set up under a co-operative which engaged with many small local businesses in Cork, Kerry and Munster. It was seen as a venture which would have a mutual and broad beneficial gain for businesses in the region, particularly those involved in tourism. It was also perceived that the roll-on roll-off freight service from the UK to Ireland would benefit other ancillary businesses. As Deputy McCarthy said, current fuel prices have also contributed to the difficulties the company has faced.

I welcome the Minister for Transport, Tourism and Sport to the Chamber to discuss this important issue. The news of the Fastnet line examinership has come as a huge shock to many in Cork and Kerry. I spoke to Deputy Arthur Spring this morning. In the second quarter of this year tourism figures increased by 15%, which must be related to the reintroduction of the ferry service.

The company has stated its intention to resume sailings in the summer period next year, albeit on a more restricted basis. It is a welcome development. I will be interested in hearing what assistance, if any, the Minister's Department can provide in the context of recommencing the ferry service between Swansea and Cork.

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