Southern Islands Transit Service

SITS is a proposed Island owned non-profit water transit service.
Consisting of 2 barges and 2 small ferries, it would cater to the tourist and Island resident needs, making a multi million dollar profit yearly, which would be redistributed to Contributors and Island needs. 

Very rough calculations are:
2 x 800,000 + 2 x 120,000 = 1840000 (1.84 million.)
Round that up to 2,000,000.
4,000 shares at $500 would take care of the initial investment.
More on this example barge :
CUSTOM LANDING CRAFT  CUSTOM LANDING CRAFT  Price AU $800,000 excluding Duty/GST  Length 112′ 10″ – 34.38mVessel Location Darwin Year 1984 Hull Material Steel USL CLASS 2B. CAPACITY TO CARRY JET FUEL, SUPPLIES ETC. WELL SERVICED AND MAINTAINED VESSEL Region Northern Territory Vessel Location Darwin Reference V288 Year 1984 Length 112′ 10″ -Engine: 2 X MERCEDES 403 V10, 183KW @ 18. Engine room: ALL ALTERNATORS 50HZ 240/415 VOLTS DEAD WEIGHT 135 TONNES FUEL CONSUMPTION: MAIN 69 LTRS PER HR EACH AUX 16 LTRS PER HR EACH SPEED 9 KNOTS GEARBOXES 1 X TWIN DISC MG5111, RATIO 3.095 1 X TWIN DISC MG 5114, RATIO 3.000

Bargesinc landing fees


Here is an example of what you get for $120,000 in ferries:

Price $119,000*AUD Sail Away No More To Pay
Hull Year 1964
Feet 45
Power Power
Usage Commercial, Charter, Cruising, Leisure
Boat Facts
Metres 13.72
Hull Mono

Posted in Features.