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Economy · Funchal · 7 September 2026

Mário Ferreira Guarantees He Will Not Buy the Paquete Funchal

Businessman Mário Ferreira stated he does not intend to purchase the ship Paquete Funchal, which is up for auction for 800,000 euros.

Businessman Mário Ferreira has declared he will not buy the ship Paquete Funchal, which is going to auction for 800,000 euros as part of insolvency proceedings.

Mário Ferreira explained on social media that he does not wish to acquire another ship in Portugal in such a situation, citing his experience with the ship Atlântida.

While acknowledging the significant investment made in the Paquete Funchal, including asbestos removal and rehabilitation, the businessman anticipates that any new investment would face criticism regarding the public funds already spent on the vessel. Ferreira challenges other interested parties to present a solution for the ship.

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