Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: Insolvency

Ferry operator, P&O is confident that it can avoid a fine for last year's sacking without notice of nearly 800 seafarers.

Among those sacked across their UK routes network, were seafarers working on the Irish Sea routes of Dublin-Liverpool and Larne-Cairnryan (see photo above). 

The annual report of P&O's Dubai based-owners, DP World, seen by the PA news agency, said its directors think an ongoing inquiry by the Insolvency Service will not result in any punishment.

Of the company's workforce, 786 were made redundant and without consultation on 17 March, 2022 (see, related story). This led to widespread criticism from UK and Irish politicians in addition from trade unions which saw member's protest at ports across both countries.

The mass sacking of seafarers saw them replaced by agency staff paid on wages less than the minimum wage.

A criminal investigation followed to inquire what happened, however this did not result in a prosecution.

Much from the Independent and the annual report.

As Afloat reported recently, in the UK, the National Union of Rail, Maritime and Transport (RMT) criticised a jobs cut proposal by P&O Ferries to shed a further 60 workers.

Published in Ferry

Operator P&O Ferries faces a probe, reports BBC News, into the controversial no-notice sackings of nearly 800 members of staff.

The Insolvency Service has launched criminal and civil investigations into the circumstances around the redundancies.

In a letter, it said it would consider "prompt and appropriate action" if the law was broken.

Grant Shapps has also asked the service to consider disqualifying its boss from acting as a company director.

The transport secretary made the announcement as part of new pay plans for the ferry industry this week after P&O Ferries sacked 786 employees without notice and replaced with them with agency workers.

P&O Ferries said on Friday that all but one of the sacked employees had taken steps to accept the redundancy offer made by the company. One former P&O worker, John Lansdown, told the BBC he did not respond to the company's offer.

The company declined to comment on the Insolvency Service's investigation when approached by BBC News.

Business Secretary Kwasi Kwarteng tweeted that he and Mr Shapps would follow the new investigations into P&O Ferries closely as they develop.

Click here for much more. 

Published in Ferry

A formal legal process to place Harland and Wolff into administration will be completed later today.

As the BBC News reports an insolvency request is expected to be filed at the High Court in Belfast.

On Monday, the company announced that accountancy firm BDO had been appointed administrators to the Belfast shipyard.

Having employed more than 30,000 at its peak, the move could now put 120 jobs at risk and spell the end of the iconic firm, best known for building the Titanic.

Unions representing workers have called for the shipyard to be renationalised, arguing it would be cheaper for the government to keep the shipyard open.

However, the government has said the crisis is "ultimately a commercial issue".

For more on this story in addition to the history of the famous shipyard click here.

Published in Belfast Lough
Tagged under

Ferry & Car Ferry News The ferry industry on the Irish Sea, is just like any other sector of the shipping industry, in that it is made up of a myriad of ship operators, owners, managers, charterers all contributing to providing a network of routes carried out by a variety of ships designed for different albeit similar purposes.

All this ferry activity involves conventional ferry tonnage, 'ro-pax', where the vessel's primary design is to carry more freight capacity rather than passengers. This is in some cases though, is in complete variance to the fast ferry craft where they carry many more passengers and charging a premium.

In reporting the ferry scene, we examine the constantly changing trends of this sector, as rival ferry operators are competing in an intensive environment, battling out for market share following the fallout of the economic crisis. All this has consequences some immediately felt, while at times, the effects can be drawn out over time, leading to the expense of others, through reduced competition or takeover or even face complete removal from the marketplace, as witnessed in recent years.

Arising from these challenging times, there are of course winners and losers, as exemplified in the trend to run high-speed ferry craft only during the peak-season summer months and on shorter distance routes. In addition, where fastcraft had once dominated the ferry scene, during the heady days from the mid-90's onwards, they have been replaced by recent newcomers in the form of the 'fast ferry' and with increased levels of luxury, yet seeming to form as a cost-effective alternative.

Irish Sea Ferry Routes

Irrespective of the type of vessel deployed on Irish Sea routes (between 2-9 hours), it is the ferry companies that keep the wheels of industry moving as freight vehicles literally (roll-on and roll-off) ships coupled with motoring tourists and the humble 'foot' passenger transported 363 days a year.

As such the exclusive freight-only operators provide important trading routes between Ireland and the UK, where the freight haulage customer is 'king' to generating year-round revenue to the ferry operator. However, custom built tonnage entering service in recent years has exceeded the level of capacity of the Irish Sea in certain quarters of the freight market.

A prime example of the necessity for trade in which we consumers often expect daily, though arguably question how it reached our shores, is the delivery of just in time perishable products to fill our supermarket shelves.

A visual manifestation of this is the arrival every morning and evening into our main ports, where a combination of ferries, ro-pax vessels and fast-craft all descend at the same time. In essence this a marine version to our road-based rush hour traffic going in and out along the commuter belts.

Across the Celtic Sea, the ferry scene coverage is also about those overnight direct ferry routes from Ireland connecting the north-western French ports in Brittany and Normandy.

Due to the seasonality of these routes to Europe, the ferry scene may be in the majority running between February to November, however by no means does this lessen operator competition.

Noting there have been plans over the years to run a direct Irish –Iberian ferry service, which would open up existing and develop new freight markets. Should a direct service open, it would bring new opportunities also for holidaymakers, where Spain is the most visited country in the EU visited by Irish holidaymakers ... heading for the sun!