Part of the debate – in the House of Lords at 2:41 pm on 25 June 2012.
My Lords, we are not currently minded to consider a PSO because there is no need to do so as the ferry service is currently run on a commercial basis. The steamship company has recently announced that it will invest in the ship to maintain it in operational use until at least 2018 and we are not aware of any major structural defects that will necessarily prevent seaworthiness beyond that time.