Fiji Time: 6:46 AM on Wednesday 17 January

Fiji Times Logo

/ Front page / Archives » Article Index

$2m investment

Filipe Naigulevu
Thursday, November 30, 2017

A LEADING local shipping company has added another shipping vessel to its fleet giving more convenience to maritime travellers, particularly to Vanua Levu, this festive season.

Goundar Shipping Ltd welcomed the Lomaiviti Princess V yesterday as it berthed at the Narain Jetty in Suva.

The vessel, which is the company's fifth vessel and is among the largest shipping vessels in the country, was built in 1962 with upgrade works done to it, spans at a length of 130 metres, speed about 16 knots and is capable of carrying about 1500 passengers.

The local shipping company had acquired the 53-year-old Lomaiviti Princess V from international ferry operator BC Ferries — which was previously known as the MV Queen of Nanaimo.

While the final sale price had not been disclosed because of competitive reasons, Goundar Shipping Ltd owner and managing director George Goundar had characterised the acquisition as an investment valued at $2.5 million which included added costs such as fuel and labour.

The ferry was sold this year after a transparent and wide-reaching bid process and also involved an extensive request for expressions of interest, which was widely advertised through an international ship broker and other websites that advertised liquidation sales.

"This is a bonus for the travelling public from Suva, now they can expect a daily service from here every day at 8 o'clock for Savusavu," Mr Goundar said.

"It's a plus for Fiji especially for the travelling public heeding to the outcry during this festive season with overcrowding and the overloading concerns.

"This is our way of responding to the concerns and as far as shipping is concerned, we can say it is better now than six years ago," he said.

Mr Goundar said while their shipping services generally had areas which were lacking, they were "still getting there" with ventures such as the Lomaiviti V.

"Fiji is up there now with the Pacific and other countries. Before we have had smaller vessels, those days are gone as people nowadays want comfort and as a stakeholder we need to provide that service to the public and they enjoy travelling at sea."

Mr Goundar said the vessel had modern features likened to five-star hotels including restaurants, kids play area, and private room.

The vessel had left Canada earlier this month after being given the green light to sail to Fiji after an inspection by the surveyors of the Maritime Safety Authority of Fiji (MSAF).

Mr Goundar said the vessel crew also included two experienced Canadian engineers who would be training about 50 local crew on the Lomaiviti Princess V.

Giving more ease of travelling to the public, Mr Goundar said they had also decided to slash their ferry fare prices down by 30 per cent.

The new vessel will be providing daily service to Savusavu and two trips a week to Kadavu.

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.62370.6047
JPY 56.044253.0442
GBP 0.36250.3545
EUR 0.40920.3972
NZD 0.69370.6607
AUD 0.63290.6079
USD 0.50360.4866



Exchange Rate updated on 16th, January, 2018

Today's Most Read Stories

  1. Family laments untimely loss
  2. ATSET: Nothing to hide
  3. 'Death traps'
  4. Amnesty keeps watch on ATS impasse
  5. Bad start to 2018
  6. Forbes ready for 7s festival
  7. A-G: No pay decrease
  8. Businesses caught off guard
  9. Taveuni accident lands two in hospital
  10. Police visit villages after drug raid

Top Stories this Week

  1. Fitting farewell for Bill Friday (12 Jan)
  2. Love will keep us together Sunday (14 Jan)
  3. Village bylaws consultation suspended Wednesday (10 Jan)
  4. Kubuabola laid to rest Thursday (11 Jan)
  5. $100 a day Sunday (14 Jan)
  6. Blessings from above Thursday (11 Jan)
  7. Air NZ confirms incident Friday (12 Jan)
  8. Capt William calls it a day after 45 years Sunday (14 Jan)
  9. National strike if no resolution, says FTUC Sunday (14 Jan)
  10. Teachers transfer policy Monday (15 Jan)