Maritime design company Artemis Technologies has described hydrofoil technology as a “game changer” for the global high-speed ferry market. 

According to the company, the vessel's ability to raise the hull above the water dramatically cuts drag and provides estimated fuel savings of up to 85 per cent compared to conventional diesel-powered ferries, all while producing minimal wake and noise.

It will be 24 metres long and will be able to carry 150 passengers. The model has been designed with a top speed of 38 knots and a battery range of 115 nautical miles at a 25-knots cruise speed.

The "flying ferry" is expected to come into service in 2024, running in a pilot service between Belfast and the nearby city of Bangor.

Artist impression handout CGI issued by Artemis Technologies of their new hydrofoiling 100% electric ferry.

Artist impression handout CGI issued by Artemis Technologies of their new hydrofoiling 100% electric...