MERCEDES PINTO © Baleària

Baleària Canarias to bring in more Canary Islands investors

FerryBaleària Canarias is in advanced talks to let Canary Islands companies take a larger share of its capital, Baleària's corporate director of institutional relations, Javier Cervera, said at the Net-Zero MAR congress in Gran Canaria on 12 November. He gave no details, but said the island companies would come in "in a high percentage" and that the deal would be announced soon, Atlántico Hoy and Canarias7 report.

Baleària Canarias is 70% owned by Baleària's president Adolfo Utor and 30% by a group of Canarian companies led by Javier Puga, chief executive of Dinosol. Canarias7 writes that it is not known whether the deal means new investors or larger stakes for the existing ones.

Baleària took over Armas Trasmediterránea's operations in the Canary Islands in May and runs them under the Baleària Canarias brand. According to Canarias7, the company inherited high debts, and the condition of the ships has required investments beyond the EUR 45 million planned for the fleet over three years. Five refits are scheduled between November 2026 and April 2027, for VOLCÁN DE TAIDÍA, VOLCÁN DE TAGORO, VOLCÁN DE TINAMAR, VOLCÁN DE TIRAJANA and VOLCÁN DE TAMADABA, the company says.

In four months Baleària Canarias has added the newbuild MERCEDES PINTO, PEPITA CASTELLVÍ and JOSEFINA DE LA TORRE to its services in the islands, Vozpópuli reports. It now runs a triangle of three fast ferries from Las Palmas de Gran Canaria, and the company has no plans for now to move services to Agaete. It is also studying a link between the Canary Islands and West Africa, Atlántico Hoy reports.

nov 13 2026