In short:
TT-Line has announced a $723 million accounting loss after major write-downs of its Spirit of Tasmania ferries and terminals.
The state-owned company says it delivered a $1.5 million operating profit, and insists its long-term future is in good shape.
What’s next?
Two new Spirit of Tasmania ferries will begin servicing Bass Strait from the end of the month as TT-Line tries to sell its two older vessels.
Tasmania’s TT Line debt ($1.15 billion) now on a par with 2025 cost of proposed stadium ($1.13 billion). True cost of stadium will be $1.7 billion + interest. With foreshadowed credit rating decline, the Tas. train crash continues. Well past time to abandon the stadium. #politas #nonewstadium
— Roland Browne (@slowguns.bsky.social) 23 October 2026 at 11:42