The Perth-based transport group said it had withdrawn its proposed link between Edinburgh with Fife, despite successful trials in 2007 which saw than 30,000 people use the 20-minute crossing service in just two weeks.
It followed a vote earlier this week by councillors on the development management sub-committee to reject plans to build a port at Portobello, just weeks after Fife Council gave permission for similar facilities at Kirkcaldy.
