SPIRIT OF TASMANIA V © Marko Hanninen

TT-Line writes down Spirit of Tasmania ferries and terminals

FinanceTT-Line, the Tasmanian state-owned operator of the Spirit of Tasmania service, reported an accounting loss of AUD 723 million for the 2025–26 financial year in its annual report, mainly as a result of AUD 646.9 million in asset write-downs. The operating profit was AUD 1.5 million. The new SPIRIT OF TASMANIA IV and V were written down from AUD 1.086 billion to AUD 717.9 million, and the old SPIRIT OF TASMANIA I and II from AUD 174.3 million to AUD 87.5 million.

The Devonport terminal was written down from AUD 416.8 million to AUD 282.8 million and the Geelong terminal from AUD 311 million to AUD 262.1 million.

Several parties have shown interest in buying one or both of the old ships, but no buyer has been found. SPIRIT OF TASMANIA I has made her final crossing, and SPIRIT OF TASMANIA II was due to make hers on 23 October.

okt 25 2026