Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: Finance Wales

#FERRY NEWS - The operators of the Celtic Sea ferry route between Cork-Swansea need to secure over €1m in investment today in order to save the company after being thrown a €300,000 funding lifeline by Cork's local authorities.

Cork City Council agreed last night to invest €100,000 in the Fastnet Line, bringing its total investment in the company to €365,000.

It followed a 90-minute behind closed doors presentation by Fastnet Line's acting chief executive officer, Pádraic O'Kane. He is due to meet Enterprise Ireland this morning to discuss further investment. He declined to discuss the amount involved, but it is understood to be in the region of €400,000.

Finance Wales will await the outcome of those talks before it agrees to pump up to €800,000 in to the firm. For more about this story in today's Examiner click HERE

Published in Ferry

About Rosslare Europort

2021 sees Rosslare Europort hitting a new record with a total of 36 shipping services a week operating from the port making it one of the premier Irish ports serving the European Continent. Rosslare Europort is a gateway to Europe for the freight and tourist industries. It is strategically located on the sunny south-east coast of Ireland.

Rosslare is within a 90-minute driving radius of major Irish cities; Dublin, Cork and Limerick. Rosslare Europort is a RoRo, RoPax, offshore and bulk port with three RoRo berths with a two-tier linkspan, we also have a dedicated offshore bulk berth.

Exports in Rosslare Europort comprise mainly of fresh products, food, pharmaceuticals, steel, timber and building supplies. While imports are largely in the form of consumer goods such as clothes, furniture, food, trade vehicles, and electronics.

The entire Europort is bar-swept to 7.2 meters, allowing unrestricted access to vessels with draughts up to 6.5 metres. Rosslare Europort offers a comprehensive service including mooring, stevedoring and passenger-car check-in for RoRo shipping lines. It also provides facilities for offshore, dry bulk and general cargo.

The port currently has twice-daily round services to the UK and direct services to the continent each day. Rosslare Europort has a fleet of Tugmasters service, fork-lift trucks, tractors and other handling equipment to cater for non-standard RoRo freight.