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Displaying items by tag: Royal Yacht Squadron Racing

The British Royal Yacht Squadron Racing (RYSR) has had its challenge accepted by the America's Cup defender, the Golden Gate Yacht Club of San Francisco. RYSR is the affiliate club of the Royal Yacht Squadron and the challenging club for Ben Ainslie Racing (BAR), now the official British entry for the 35th America's Cup in 2017.

The Golden Gate Yacht Club (GGYC), having won the 34th America's Cup, holds the America's Cup in accordance with the terms of a Deed of Gift dated 24 October 1887 and will be hosting the event in three years' time, although the location is yet to be confirmed, being either San Diego or Bermuda.

RYSR submitted its Notice of Challenge to the GGYC during the two-month open entry period which closed on Friday 8th August. The entry has now been formally accepted.

Each team that challenges for the America's Cup is required to do so through a host club. The America's Cup started its long history at the Royal Yacht Squadron when the schooner America beat a fleet of British racing yachts to the finish line there on 22 August 1851, watched by Queen Victoria.

"We are delighted that Ben Ainslie Racing, led by Sir Ben, has asked Royal Yacht Squadron Racing to challenge on his behalf and are sure that, if anyone can bring the Cup back to its original home, he and his excellent BAR team can," commented Simon van der Byl, CEO of RYSR.

Published in America's Cup

About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.