The liquidator of collapsed cross-Channel operator SeaFrance has estimated its debts at euro190 million, most of which is owed to its parent, French state railway operator SNCF.

Meanwhile, a Eurotunnel spokesperson revealed to IFW that the group had already contacted the liquidator with a view to acquring SeaFrance's vessels.

Liquidator Stephane Gorrias said the first priority was to "safeguard the rights" of SeaFrance's personnel who number more than 800. SNCF has made a commitment to offer jobs to 500 workers.

The second stage in the process will be the evaluation and sale of SeaFrance's assets, in particular, its fleet.

It owns three vessels: the Nord Pas de Calais, a freighter with an estimated value of euro 9-euro10 million; and Berlioz and Rodin (pictured), ferries worth between euro 50 and euro 70 million each. A fourth ship, the Moliere, had been operated on lease-back.

A broker will be designated to conduct the sale of the vessels.

The proceeds would still fall well short of SeaFrance's debts of euro 190 million. And the company's liabilities are set to increase in the coming weeks, with salaries due to redundant workers having to be paid through an independent wage guarantee fund that, ultimately, will have to be reimbursed.