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The shipyard owner of Belfast's Harland & Wolff has said its business is improving after announcing a pre-tax loss of £25.5 million for its latest reporting period.

Infrastrata PLC, which bought the company out of administration in late 2019, officially began trading under the Harland and Wolff name last September.

The group, which is also seeking to develop gas storage caverns under Larne Lough at Islandmagee, said it is in year three of a five-year plan to make the shipyard profitable again.

But it said the war in Ukraine and the ongoing energy crisis have hit those plans.

Publishing its accounts for the 17 months ending December 31 2021, Harland and Wolff Group Holdings PLC said revenues grew to £18.5m during the period, up from £1.5m for the year to July 31 2020.

The company has now absorbed pre-tax losses of around £36m in the last two reporting periods, with losses reaching £25.5m in the latest 17 months.

It put the losses down to “significant investment to support future growth of the business”, including the acquisition of three shipyards.

Appledore in Devon was acquired in August 2020, followed by Scottish yards Methil and Arnish in February 2021. All three now bear the Harland and Wolff branding.

The Irish News reports more on the shipyard group. 

As pictured above is the Northern Lighthouse Board's aids to navigation tender, NLV Pharos which Afloat reported last month. 

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Whether you're a boat enthusiast, historian, archaeologist, fisherman, or just taken by the natural beauty of Ireland's waterways, you will find something of interest in our Inland pages on Afloat.ie.

Inland Waterways

Ireland is lucky to have a wealth of river systems and canals crossing the country that, while once vital for transporting goods, are today equally as important for angling, recreational boating and of course tourism.

From the Barrow Navigation to the Erne System, the Grand Canal, the Lower Bann, the Royal Canal, the Shannon-Erne Waterway and the Shannon Navigation, these inland waterways are popular year in, year out for anyone with an interest in rambling; flora and fauna; fishing; sailing; motorboating; canoeing, kayaking and waterskiing; and cruising on narrowboats.

Although most will surely identify Ireland's inland waterways with boating holidays and a peaceful afternoon's angling, many varieties of watersport are increasingly favoured activities. Powerboat and Jetski courses abound, as do opportunities for waterskiing or wakeboarding. For those who don't require engine power, there's canoeing and kayaking, as Ireland's waterways have much to offer both recreational paddlers and those looking for more of a challenge. And when it comes to more sedate activities, there's nothing like going for a walk along a canal or river bank following some of the long-distance Waymarked Ways or Slí na Sláinte paths that criss-cross the country.

Ireland's network of rivers, lakes and canals is maintained by Waterways Ireland, which is one of the six North/South Implementation Bodies established under the British-Irish Agreement in 1999. The body has responsibility for the management, maintenance, development and restoration of inland navigable waterways on the island of Ireland, principally for recreational purposes. It also maintains Ireland's loughs, lakes and channels which are sought after for sailing; the network of canal locks and tow paths; as well as any buoys, bridges and harbours along the routes.

Along the Grand and Royal Canals and sections of the Barrow Navigation and the Shannon-Erne Waterway, Waterways Ireland is also responsible for angling activities, and charges Inland Fisheries Ireland with carrying out fisheries development, weed management and ensuring water quality.

Brian Goggin's Inland Blog

Giving his personal perspective on Ireland's Inland Waterways from present-day activities to their rich heritage, Brian Goggin tells it like it is with his Inland Blog.

From recognising achievements in management of the waterways to his worries on the costs of getting afloat on Ireland's canals, Goggin always has something important to say.

He also maintains the website Irish Waterways History that serves as a repository for a wealth of historical accounts of the past commercial and social uses alike of Ireland's rivers and canals, which were once the lifeblood of many a rural community.