BC Ferries eliminates fuel surcharge before the holidays
BC Ferries will remove the existing 3.4% surcharge as of Wednesday, December 17, 2014, the Company said on Monday.
The BC Ferries President and CEO Mike Corrigan says: “With the current favourable market conditions, we have been hedging our diesel fuel costs and are now in a position to eliminate the fuel surcharge, which is great news for holiday travellers. We know that fare affordability is an issue for our customers and we are pleased to be able to reduce the cost of ferry travel, as every bit helps.”
BC Ferries still has an outstanding balance in its fuel deferral account, but the remainder continues to drop and forecasts indicate that the balance will be reduced to zero in the first half of 2015, the Company said.
Under contract to the Province of British Columbia, BC Ferries is the service provider responsible for the delivery of safe, efficient and dependable ferry service along coastal British Columbia.
BC Ferries is one of the largest ferry operators in the world, providing year-round vehicle and passenger service on 25 routes to 47 terminals, with a fleet of 35 vessels. We are an essential transportation link that connects coastal communities and facilitates the movement of people, goods and services. In April 2003, BC Ferries was transformed from a Crown corporation into an independent, commercial organization under the Company Act. Our Company is governed by an independent Board of Directors appointed by the B.C. Ferry Authority.
