THE operator of a new fast ferry between Penzance and the Isles of Scilly is ceasing operations before the vessel has even made its maiden journey.

Shipbuilder Harland & Wolff says it has made the decision to scrap Scilly Ferries to “refocus on its core business activities” as it battles off administration.

Scilly Ferries previously stated the commencement of the service was delayed due to ongoing evaluations within its parent company, Harland & Wolff.

Atlantic Wolff, the high-speed catamaran with just over 400 seats across two decks was due to become the fastest way to get to Scilly by sea with a crossing time of less than two hours. It was expected to give a much-needed boost to the Isles of Scilly economy as thousands of tourists were due to visit the island onboard the boat.

Atlantic Wolff will now be returned to its manufacturer, Damen, in the Netherlands.

A spokesperson for Scilly Ferries said: “It is with great sadness that we announce that Scilly Ferries, including the Atlantic Wolff fast ferry, has ceased operations.

“The decision has been made because of the need for Harland & Wolff to refocus on its core business activities.

“As the company’s new board assesses all aspects of the group’s functions, the ferry operation was identified as being overly ambitious given current circumstances. As a result, the decision was made to cease Scilly Ferries with immediate effect.”

Harland & Wolff’s interim executive chair, Russell Downs, said: “We understand that this will be difficult news for those affected directly and for the people of the Isles of Scilly and sincerely apologise for the inconvenience and uncertainty caused.

“We would like to reassure residents that Harland & Wolff Marine Services, which provides carriage of freight between the mainland and the Isles of Scilly, will continue its operations unaffected.”

All customers with existing reservations on the Atlantic Wolff will be contacted directly. All staff affected have been advised.

Harland & Wolff Marine Services, which provides carriage of freight between the mainland and the Isles of Scilly, as well as workboats for projects across the UK and Europe, will continue its operations unaffected.