December 21, 2009
Bay Ferries ends Nova Scotia service
Bay Ferries is ending its high speed ferry service between Maine and Nova Scotia, utilizing the "The Cat."
Mark MacDonald, President and CEO, Bay Ferries Limited, made the announcement Friday, after learning that the Government of Nova Scotia would not subsidize ferry service out of Yarmouth for the 2010 operating season.
Mr. MacDonald noted that Bay Ferries had never intended the Yarmouth ferry service be a publicly subsidized service and had operated the service without government subsidy for nine years while making privately financed capital support in the equivalent of about $100 million Canadian.
"We are very grateful to the Province of Nova Scotia whose substantial support enabled the service to continue longer than would otherwise have been possible," he said. "We also realize the many difficult decisions governments must make in today's economic climate and respect and understand the decision which has now been made."
Mr. MacDonald noted that travel on the Yarmouth to Maine ferry service has declined substantially from its peak in the 1998-2002 timeframe.
"This change is roughly in line with the reduction in capacity on the service since that time," he said. "As everyone is aware, demand has lessened substantially due to the overall decline in U.S. visits to Canada, the passport issue, the state of the U.S. and world economy and the weakening U.S. currency."