August 2024
$340m wipeout for Kangaroo Island ferry operator
Cost blowouts on construction of ferry infrastructure on Kangaroo Island, along with spending on buses in NSW and USA, cause a 25pc share price plunge at Kelsian.
- Simon Evans
March 2023
Ferry group pays $487m to bus Apple, Google and Tesla staff to work
Kelsian, owner of Sydney Harbour’s Captain Cook cruises and the Kangaroo Island ferry, has bought the USA’s fourth-biggest coach and bus group.
- Simon Evans
Transport group Kelsian hits M&A market, lines up funding
Ferry and bus operator Kelsian Group’s set to pitch equity investors for a $300 million capital injection, with proceeds pegged for an acquisition in the United States.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
October 2022
Ferry operator buys WA bus group Horizons West for $47m
Kelsian, previously known as SeaLink, which runs ferries to Kangaroo Island, is bolstering its steady income from government bus contracts.
- Simon Evans
MACA to disappear from ASX as Thiess takes control
The WA mining services group will be delisted after takeover suitor Thiess secured more than 90 per cent of the shares.
- Jenny Wiggins
Kelsian’s ‘battery on wheels’ wants to suck up power
Transport companies that operate electric-powered buses and trams can help balance renewable power grids by recharging batteries with excess energy, says Kelsian Group boss Clint Feuerherdt.
- Jenny Wiggins
August 2022
Holiday trips quarantined from household spending cutbacks
Tourism at Queensland island destinations and Kangaroo Island off SA are back to pre-pandemic levels.
- Simon Evans
June 2022
From bankers to building one of Australia’s biggest bus companies
Michael Sewards and Adam Beggs spent a decade creating one of Australia’s biggest bus companies. Now they want to take on the northern hemisphere and slash carbon emissions.
- Jenny Wiggins
February 2022
All the profit results for February 23, 2022
Results briefing | News and analysis on today’s profit results from Woolworths, WiseTech, APA, Carbon Revolution, Charter Hall Retail, Coronado, Domino’s Pizza, Healius, HT&E, Karoon Energy, McPherson’s, Pilbara Minerals, Scentre, Stockland, Wagners, Worley and Ventia Services.
Tourism bookings up 30pc as families venture out
The CEO of the ASX-listed company that runs tourist ferries in Queensland and SA says optimism is building.
- Simon Evans
November 2021
‘Flat out’ Kelsian Group tips summer boom as domestic tourism lifts
SeaLink has transformed into Kelsian Group Ltd but the CEO says the core businesses will still operate under their own banners.
- Simon Evans
August 2021
Bus contracts offset tourism hit for SeaLink
A $635 million acquisition made in 2019 has proved a godsend for the travel and tourism group.
- Updated
- Simon Evans
- Exclusive
- Coronavirus pandemic
CEOs say stop case numbers obsession
Business leaders have backed calls by the Prime Minister and NSW Premier for state leaders to move on from a preoccupation with daily virus infection figures.
- Lucas Baird, Angela Macdonald-Smith and Carrie LaFrenz
May 2021
Ords in $61.1m SeaLink block; Transit sellers
Stockbroker Ord Minnett is auctioning a $51.3 million stake in transport company Sealink Travel Group on Monday afternoon.
- Sarah Thompson, Anthony Macdonald and Tim Boyd
February 2021
How to make the big calls: the Alceon way of investing in equities
Daniel Chersky and partner Adam Ritter positioned themselves in early 2020 for a big fall in equities, at a time when global markets looked as though they were just going to keep rising.
- Jemima Whyte
Hydrogen buses to hit the roads soon
Australia’s first hydrogen buses are expected to arrive by April as public transport networks dump diesel buses in favour of zero-emissions vehicles.
- Jenny Wiggins
September 2020
Labor MP Marielle Smith's many Sealink ties
The newly minted senator says her husband's career is entirely separate from hers. That's not how we'd describe it.
- Myriam Robin
August 2020
SeaLink into the red as COVID-19 trashes tourism
The tourism and commuter bus operator cut its dividend by almost half but still paid out to shareholders while receiving $8.6 million in JobKeeper payments.
- Updated
- Simon Evans
SeaLink urges Victoria to dump ‘complex’ bus driver permits
'How do you accurately specify in your permit application as to what a driver is going to do for the next six weeks,' asks the travel group's CEO.
- Jenny Wiggins
March 2020
SeaLink halts Sydney Harbour cruises and pulls guidance
The Captain Cook Cruises vessels which ply Sydney Harbour on sightseeing and dining tours have been halted as owner SeaLink cuts back hard.
- Updated
- Simon Evans