Rhode Island Fast Ferry builds on proud maritime tradition

Rhode Island Fast Ferry is a growing company and the latest iteration of a marine tradition with deep roots in Rhode Island’s history.

In 2003, the company debuted with high-speed ferry service between Quonset Point and Oak Bluffs, Martha’s Vineyard. In addition to the Martha’s Vineyard route, the company offers lighthouse sightseeing cruises in Narragansett Bay and private charters of its vessels.

A commercial offshore wind division of the company, Atlantic Wind Transfers, operates crew-transfer vessels, which supported the construction and long-term operations and maintenance of Deepwater Wind’s Block Island Wind Farm, the first in the U.S.

Bank of America has been a great partner for us throughout the years, from helping us launch our first ferry service to growing into new ventures.

Charles Donadio, Jr.
President, Rhode Island Fast Ferry

Bank of America has had a relationship with Rhode Island Fast Ferry since its start. The bank has financed all of the vessels the company operates, as well as those currently under construction.

“Rhode Island Fast Ferry is providing a boost to the local tourism industry with their island ferries and tours,” said Steven Lacroix, SVP, Business Banking. “They’re a growing business at the heart of the state’s economic revival, and we work closely with them regarding financing needs for large capital projects, like new vessels, as well as other banking services for their business.”

 

The latest venture for this family-owned business is a planned ferry service that will take passengers from the Quonset Point, North Kingstown, to Block Island.

This new Block Island Fast Ferry will provide island residents and visiting tourists with the most convenient way to travel to the island. The new fast ferry is being built by Gladding-Hearn Shipbuilding in Somerset, Massachusetts, with service expected to start in the summer of 2019.

“At our heart, we’re a family-run business that’s proud to help highlight the beauty of The Ocean State and support the needs of the region’s marine-based economy,” said Charles Donadio, Jr., president, Rhode Island Fast Ferry. “Bank of America has been a great partner for us throughout the years, from helping us launch our first ferry service to growing into new ventures.”

7/25/2018


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