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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

The Rankin Dinghy of Cobh, Cork Harbour 

A Rankin is a traditional wooden dinghy which was built in Cobh, of which it’s believed there were 80 and of which The Rankin Dinghy Group has traced nearly half. 

The name of the Rankin dinghies is revered in Cork Harbour and particularly in the harbourside town of Cobh.

And the name of one of those boats is linked to the gunboat which fought against the Irish Volunteers during the 1916 Easter Rising and later for the emergent Irish Free State Government against anti-Treaty Forces during the Irish Civil War.

It also links the renowned boat-building Rankin family in Cobh, one of whose members crewed on the gunboat.

Maurice Kidney and Conor English are driving the restoration of the Rankin dinghies in Cork Harbour. They have discovered that Rankins were bought and sailed in several parts of the country.