Supposed backer of no-ships Brexit ferry firm denies having a stake

Supposed backer of no-ships Brexit ferry firm denies having a stake

Arklow Shipping saw itself as just one of many prospective investors in Seaborne Freight

Chris Grayling’s Brexit ferry fiasco has taken a further twist after the reported backer of the startup company with no ships that was awarded a £13.8m contract said it never had a stake in the venture.

Sources at Arklow Shipping, which operates 55 dry bulk vessels in northern Europe, said it had been in talks with Seaborne Freight twice last year, but it “never had any agreement” with either Seaborne or the Department for Transport to run a service from Ramsgate to Ostend.

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Source: Guardian Transport

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