Swedish Firm Buying B.C. Steamship Co.
A Swedish cruise line company completed a $6-million deal with the provincial government to buy the British Columbia Steamship Co., after several weeks of doubt about a duty the federal government wanted to charge.
B.C. Stena manager Lars Nilsson has made the first payment--for $2 million--to Finance Minister Mel Couvelier.
B.C. Stena will operate the Princess Marguerite and Vancouver Island Princess on the tourist run from Seattle to Victoria.
It will also import a third ship in 1990 to cruise the route year-round, and start a Vancouver-Victoria run in 1990.
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