Mill Bay
Voyager
Long Suffering Bosun
Posts: 2,886
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Post by Mill Bay on Feb 19, 2009 18:07:04 GMT -8
That's interesting. I wonder if the change was actually a reaction to the fact that you emailed them. Now someone should email them about that fake as fake can be picture they have of the New West on the website.
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Post by mediathread on Feb 19, 2009 18:14:48 GMT -8
They emailed me back once the image was fixed on their site and said the images were 'mixed up'. see below.
-- Dear Evan, thanks for the eagle eye. Indeed you are correct, the images did get mixed up. They have been repaired.
Thanks for taking the time to point it out.
Sincere Regards,
Chris Orchard
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Post by Canucks on Feb 19, 2009 18:39:52 GMT -8
They emailed me back once the image was fixed on their site and said the images were 'mixed up'. see below. -- Dear Evan, thanks for the eagle eye. Indeed you are correct, the images did get mixed up. They have been repaired. Thanks for taking the time to point it out. Sincere Regards, Chris Orchard Hmm.. Mixed up, with what boat?! Is there an even more elusive boat then the Richmond.
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Post by Low Light Mike on Feb 21, 2009 13:20:40 GMT -8
During the third quarter, agreements were completed that will provide us with a further $11.7 million of interest expense reimbursements through the Structured Financing Facility Program relating to the purchase of the new intermediate vessel, the Island Sky, and the life-extension of the Queen of New Westminster.
Above quote is from BCFS's 12/31/2008 MD&A report. Does anyone know about the "Structured Financing Facility Program" and how it relates to the I'Sky? ie. is it a Federal subsidy program? Is is not-available for use on the FSG purchases? For the I'Sky, can we look at this financial-assistance as a type of "shipbuilding subsidy"? ie. is it comparable in impact to the yearned-for direct subsidies from Fed Gov't to the shipyard? And would this type of subsidy to BCFS affect the shipyard newbuild price? ie. if BCFS gets a financing-break from the Feds, would the shipyard expect BCFS to pay a higher newbuild contract price? (don't laugh). So if this sounds laughable, then that means that a direct Fed-to-shipyard subsidy would have actually helped the shipbuilding industry more....
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Post by Dane on Feb 21, 2009 13:23:50 GMT -8
www.ic.gc.ca/eic/site/sim-cnmi.nsf/eng/uv00003.htmlIt would appear from this page linked above that it is indeed for Canadian built vessels. $11.7 mill is a lot of change. The New West's LER, which costs more than the Island Sky, and the purchase price of the IS total project* come together at about $95 mill. * This should include training, and "transition" costs to get the vessel in the fleet - the actual ship costs about 35 million and change I believe. I am still curious to know how much late fees cost WMG? How much did BC Ferries save on this vessel?
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Post by Low Light Mike on Feb 21, 2009 13:41:50 GMT -8
Island Sky
On December 5, 2008, 243 days later than the contractual delivery date of April 6, 2008, we took delivery of the Island Sky, our new intermediate class ferry.
The $47 million contract with Vancouver Shipyards constituted the majority of the total project budget of $57 million.
The new intermediate vessel has allowed for the retirement and sale of the 48-year-old Queen of Tsawwassen.
The 102-metre vessel, which is expected to be in service in the spring of 2009, will accommodate up to 600 passengers and 125 vehicles. It features a new state-of-the-art lifesaving system as well as a variety of amenities, including a lounge and snack bar for passengers.
Above quote is from BCFS's 12/31/2008 MD&A report, so this is their official comment on the new-build. In the context of the MD&A report, the "243 days late" comment came a few paragraphs after this comment about the FSG Coastal ships "The project for these three new state-of-the-art vessels came in on schedule and under budget." I think BCFS put those 2 comments close-together in their report, on purpose.... I don't really care about the spin part, I'm just pointing out that I noticed it.
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Post by Hardy on Mar 2, 2009 7:11:32 GMT -8
I am still curious to know how much late fees cost WMG? How much did BC Ferries save on this vessel? Couple this with Flugel's excellent score above in pulling facts out of the dry-dry-dry BCFS filings, and it leaves us wondering. I doubt that this information will be easy to glean, as I am sure that WMG is closely guarding this information -- heck they were even reluctant to admit that the project was behind schedule, even as milestone dates came and went and the vessel was OBVIOUSLY nowhere near them. Do I suspect that there may have been some collusion on some level and perhaps some glad-handing behind the scenes? You are guddam right I do; if it looks like a duck, walks like a duck and poops like a duck, it's most likely a duck.
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Post by Low Light Mike on Mar 21, 2009 7:03:21 GMT -8
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Post by Hardy on Mar 22, 2009 13:09:53 GMT -8
Taking it with a grain of salt (until it is confirmed), but this indeed is pretty damning information. Furthermore, the #1 comment posted to this story casts further financial doubt on the total cost of the project - again, allowing for "fluff", if this indeed is the total cost of the project, it is totally damning of ship building on the West Coast in it's current state for multiple reasons.
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