Red Funnel operates services 365 days a year with 30,000 combined sailings between Southampton and East and West Cowes. The fleet consists of modern purpose-built Ro-Pax vehicle ferries and Red Jet High Speed passenger catamarans. The company provides a critical service to the island community and contributes to the overall social integrity of the area.
Red Funnel is a well- established operator with a proven track record of delivering safe, reliable and a high-quality service. It has developed strong relationships with stakeholders on the Island and has an experienced management team with a great vision for developing both the company and wider Isle of Wight economy.
Better Alignment, Better Value, Better Governance
PiP acquired a stake in Red Funnel Ferries as part of a consortium in 2017 working alongside like- minded long-term pension investors and have put in place a strong and experienced board to oversee that company’s operation and developed a robust governance structure to ensure the investment is managed and run in accordance with best in class practices.
Launch of Red Jet 7 at East Cowes