B.C. Ferries vessel out 'weeks, not days' for repairs | Canada News Media
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B.C. Ferries vessel out ‘weeks, not days’ for repairs

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B.C. Ferries is again dealing with mechanical problems on one of its ships, pulling the Coastal Renaissance out of service for repairs that are likely to take “weeks not days,” says its chief executive.

A failure of the No. 2 drive motor led to several sailing cancellations through Thursday between Duke Point and Tsawwassen, when the vessel was replaced by the smaller Queen of Alberni.

“This is not a simple fix,” said Nicolas Jimenez. “This is, in fact, a very complicated fix that will take an extended period of time.”

Efforts were being made to juggle resources to accommodate the demands of the Duke Point-Tsawwassen route, he said.

Jimenez said he hoped today and Saturday will bring “a better understanding of how we’re going to manage all of the customers, the more than 2,000 customers just this week that are going to be impacted.”

Anyone who has a reservation cancelled will receive an immediate refund and a voucher for free travel at another time.

“We’re obviously going to work with customers to the extent that we will be able to find them places on other sailings, but we know that that will not be possible for everybody,” Jimenez said.

One goal is to have 85 per cent of passengers using reservations, with some space kept for drive-up traffic because not all travel can be pre-planned, Jimenez said.

“We are also exploring the potential of whether we can offer sailings earlier in the morning or later at night.”

B.C. Ferries operates 37 vessels on 25 routes; with so many routes, problems are apt to occur, he said.

“The issue is how do we respond and how quickly do we respond, and how effectively are we working to communicate with customers, our stakeholders, the media, to do as much as we can to get people through a difficult situation?”

B.C. Ferries also cancelled sailings in July, including over the Canada Day long weekend, when a refit of Coastal Celebration was delayed. It was out of service for several days during the month, resulting in the daily loss of eight sailings between Swartz Bay and Tsawwassen.

The concerns that caused drew considerable attention from B.C. Ferries in advance of the B.C. Day long weekend, and travel since then had been going well.

Jimenez noted that the Renaissance is the second Coastal-class ferry to have issues. That class, which also includes the Coastal Inspiration, has been in service since 2008.

All ferries in the fleet are carefully maintained, he said.

“We exceed, in almost every case, the regulatory requirements for maintenance. Every vessel gets a major refit or upgrade every five years.”

Stephen Jones, executive director of engineering, said given what has been happening, all of the drive motors in the Coastal-class ferries will be inspected over the next week.

Jimenez said he understands the public’s frustration over cancellations.

“We just hope people know that we are doing everything humanly possible to respond quickly, to respond comprehensively and to keep people hopefully within the travel plans that they made.”

With the Labour Day long weekend coming up, Jimenez said there will be plenty of preparation aimed at keeping ferries going during that busy period.

A $5-billion capital plan has been put forward by B.C. Ferries as it looks to make fleet improvements, including the replacement of vessels that have been in use since the 1960s.

 

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

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