Highland transport firm purchases new vessel with £13.5 million HSBC UK funding

The Marsali, Migdale Transport's new vessel

A SUTHERLAND-based family-owned transport business has bought a new vessel, creating 14 new jobs for the region, following a £13.5 million loan and asset financing deal with HSBC UK.

Migdale Transport based in Bonar Bridge, which specialises in the transport of live fish across land and sea, has purchased the Marsali, a purpose-built, world class wellboat vessel. 

The new ship will be used to support a recent contract win with Cooke Aquaculture Scotland. The addition to the firm’s fleet is expected to create 14 new jobs, including 12 crew for the vessel and two for logistics and planning personnel.

The Marsali is currently being constructed at a specialist shipyard in Norway and is due to be delivered to Migdale in April.

 Hugh Murray, Migdale Transport managing director, said:  “This is a significant and exciting addition to our fleet, and we thank HSBC UK for recognising the benefits it will bring to our business and the local economy.

“In what are challenging economic circumstances, the new vessel will create jobs for the local area, while futureproofing the business for years to come.”

Neal Tully, HSBC UK relationship director, said:  “Migdale plays an important role in the supply and transportation of live fish around the UK.

“The business has a clear vision and their ambition was evident with the team’s plans in adding the Marsali to its operations. We look forward to seeing Migdale go from strength-to strength.”

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