It has been exactly six months since Red Funnel issued a press release announcing plans to tender for new car ferries “before the end of the year.” On 29 May, in what increasingly looks like an ambitious public relations effort, the BBC and other outlets reported CEO Fran Collins’ claim that the company was raising £100 million to fund three new ferries, adding that it was possible they would be constructed in the UK.

Fast forward to today, and far from progressing with the initiative, Red Funnel has faced significant challenges.

Earlier this month, an anticipated deal with Arcus Investment Partners—who had been negotiating with the company since February—fell through when the potential investor walked away. Red Funnel is now attempting to secure alternative backers.

Meanwhile, service disruptions underscore the dire need for new investment in the company’s fleet. Last weekend alone, 22 crossings were cancelled due to an engine fault with the Red Osprey, following further disruptions on Friday caused by technical issues with the Red Eagle. With Red Falcon out of service undergoing its annual refit, operations were left to rely on a single vessel.

Efforts to obtain clarity from Red Funnel’s leadership have proved unfruitful. Ms Collins failed to respond to an enquiry from the IW Observer about the status of the much-needed ferries.

Council leader, Phil Jordan is meeting Maritime Minister, Mike Kane next week. Doubtless the mounting problems with disruptions will be on the agenda, and Cllr Jordan will be demanding greater transparency and accountability in the days and months ahead.