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November 10, 2014

Nova Star Cruises competitor to send proposal

By the time cruise season begins next year, a group of businessmen hope to have its Maine-Nova Scotia ferry service running in the place of Nova Star Cruises.

The Bangor Daily News reported that Canamerica Cruises plans to submit a proposal this week to Nova Scotia’s provincial government to replace ferry service currently offered by Nova Star, which did not meet sales expectations for its inaugural season. The company, headed by officials who previously worked on the now-defunct Scotia Prince ferry, has secured a 700-passenger vessel that would be called the Scotia Prince II.

While details of the proposal were not disclosed, the BDN said Canamerica Cruises would be seeking a subsidy and loan package from Nova Scotia’s provincial government, which has already provided Nova Star with about $26 million (Canadian). Some $21 million of the subsidy was originally supposed to be disbursed over a seven-year period, and Nova Star’s operator is now facing greater financial scrutiny from the province.

Canamerica Cruises also is expected to submit a proposal to Maine’s state government this week. Gov. Paul LePage has previously committed to helping Nova Star secure a $5 million line of credit, but exact details of that plan have yet to be disclosed.

Read more

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Nova Star gets subsidies, but more scrutiny

Alternative ferry to Nova Star proposed

Nova Scotia mum on Nova Star audit

Nova Star spent $30.2M in first year

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