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Channel Islands operator Huelin Renouf today announced that attempts to sell the ailing freight ferry firm had failed.

The directors have begun winding up the company, and trading ceased last night. The 90 staff affected in Jersey, Guernsey and the UK have been informed.

In a statement the firm said: “This is not a decision that has been taken hastily or lightly and the CEO and senior management team have made a concerted and fully committed effort to secure this lifeline service, through lengthy negotiations with a number of interested parties. Despite this they have been unable to agree a sale of the business.”

The directors said they had had no alternative but to take the decision to terminate all operations in the Channel Islands and UK with immediate effect. It is anticipated that the company will be placed into liquidation later this week

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