Overview
- TT-Line chair Ken Kanofski confirmed a 2023 human error led to over-specified berth fenders, prompting a decision to rebuild the fenders and weld extra steel to each new hull at an estimated cost of about $9 million from contingency.
- The Tasmanian government will inject $75 million into TT-Line in next week’s budget to provide a buffer against the raised $1.445 billion borrowing limit after the company sought $100 million.
- Vos Construction and Joinery won a $16 million contract to build the new Devonport passenger terminal, with roughly 120 jobs and about 20 percent apprentice participation planned under a timber-framed design.
- Spirit V will be stored at the Port of Leith to avoid northern winter conditions before returning for fit-out in early to mid-2026, while Spirit IV is in Geelong for gantry testing with minor alignment issues reported as having no operational impact.
- TT-Line cannot sell the current vessels until bespoke berthing infrastructure is finished, with dock works described as progressing and marine pile casings complete.