Hyundai back in running to build two new Cook Strait Interislander ferries - after Willis cancelled the last contract

NZ secured two next generation, hybrid ferries for 40% less than market price during Covid. The cancellation of the partially built 2026 ferries resulted in a loss of ~$500mn to more than $1bn

Quick update here on the ferries cancellation saga, now led by Winston Peters.

RNZ:

The giant Korean ship builder Hyundai could be back in the running to build two new Cook Strait ferries, following a meeting between the co…