Auctions have been scheduled next week for three former NEL Lines ferries, as the failed company’s creditors attempt to offload assets.
The largest of the trio, the 15,100-gt European Express (built 1974), will be auctioned on 3 August with a minimum reserve of €1.26m ($1.5m) plus VAT of 24%. This is far below the €1.97m creditors asked in a previous, failed sale attempt in March.
