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Displaying items by tag: Cork Tourism CoOp

#FERRY NEWS-A High Court judge has agreed to continue court protection for the companies operating the Cork-Swansea ferry service to allow for finalisation of a survival scheme, reports The Irish Times.

Mr Justice Peter Kelly said yesterday he was satisfied to extend the protection period for the companies to January 24th next.

The extension of time was sought by Declan Murphy, for the companies' examiner Michael McAteer, to allow time for an investment agreement to be signed and a survival scheme put before meetings of creditors.

Fastnet Line Ship Holdings Ltd (100 per cent owned by the West Cork Tourism Co-operative Society Ltd) and related companies operating the ferry service using the M.V. Julia (1981/22,161grt) from the ferry terminal at Ringaskiddy, Co Cork, secured court protection last month.

Later Noel Murphy, chairman of the West Cork Tourism Co-Operative Society, said they had outlined the urgent funding required to secure the future of the service, which will allow them to present a financial proposal to the examiner in early January.

To date €673,000 has been raised by individual donors, customers, shareholders and local businesses, leaving just under €1 million to be raised.

Published in Ferry

William M Nixon has been writing about sailing in Ireland and internationally for many years, with his work appearing in leading sailing publications on both sides of the Atlantic. He has been a regular sailing columnist for four decades with national newspapers in Dublin, and has had several sailing books published in Ireland, the UK, and the US. An active sailor, he has owned a number of boats ranging from a Mirror dinghy to a Contessa 35 cruiser-racer, and has been directly involved in building and campaigning two offshore racers. His cruising experience ranges from Iceland to Spain as well as the Caribbean and the Mediterranean, and he has raced three times in both the Fastnet and Round Ireland Races, in addition to sailing on two round Ireland records. A member for ten years of the Council of the Irish Yachting Association (now the Irish Sailing Association), he has been writing for, and at times editing, Ireland's national sailing magazine since its earliest version more than forty years ago

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