|>>|| No. 62378
Ownership of the ships isn't really the issue. At this stage, Seaborne have little more than an aspiration of being a freight operator. They don't have confirmed contracts for vessels, they don't have a functioning port and their website doesn't even work properly. They're planning on operating out of Ramsgate, but that port needs considerable upgrading to be capable of handling RoRo freight - the harbour isn't even deep enough to accommodate a ferry. As of April 2018, they had £799 in the bank, £35,000 worth of capital and £375,000 of liabilities. Several of the directors have been involved in shipping companies that have been forced into involuntary liquidation and one has been prosecuted for trading while insolvent. The company appears to fail even the most basic of due diligence tests. From what I've seen, you'd be better off giving the contract to some eager business studies students - at least they don't have a proven track record of fucking up shipping businesses.