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Displaying items by tag: Interim Managment Statement

#Q1figures2016 - Irish Continental Group (ICG) parent company of Irish Ferries, today has issued their Interim Management Statement which covers carryings and financial information for the first quarter of 2016, i.e. 1 January to 30 April with comparisons against the corresponding period in 2015. All figures are unaudited.

Consolidated Group revenue in the period was €91.4 million, an increase of 7.4% compared with last year. Net debt at the end of April was €25.9 million compared with €44.3 million at 31 December 2015.

There has been a good start to the year with trading conditions remaining favourable.

Ferries Division

Total revenues recorded in the period amounted to €51.6 million (including intra-division charter income), a 7.1% increase on the prior year.

In this seasonally less significant period for tourism, Irish Ferries carried 90,200 cars, an increase of 5% on the previous year, while freight carryings were 92,300 RoRo units, an increase of 8% compared with 2015.

The ropax ferry MV Kaitaki remained on charter, operating in New Zealand, while the four container ships acquired in late 2015 were fully deployed in the period.

Delivery of the recently acquired vessel "Westpac Express" is expected by late May. It is bareboat chartered to a third party for a firm period of four months with four further one year option periods and a final seven month option at the Charterer's option.

Container and Terminal Division

Total revenues recorded in the period amounted to €42.3 million, a 13.4% increase on the prior year.

Container freight volumes shipped were up 10% on the previous year at 103,400 teu (twenty foot equivalent units), while units handled at our terminals in Dublin and Belfast increased 54% year on year to 96,500 lifts.

Dublin Ferryport Terminals (DFT) throughput increased by 8% on the prior year.

Throughput at Belfast Container Terminals (BCT) increased by 257% reflecting the additional volumes following the award of the concession to operate the larger container terminal at Victoria Terminal 3 (VT3) which commenced in June of the prior year.

Published in Ports & Shipping

#ICGinterimStatement - The Irish Continental Group (ICG), parent company of Irish Ferries released today it's Interim Management Statement for Q3, the three months up to the end of September, 2015.

Current trading

In the seasonally most significant quarter of the year, the three months to 30 September, the Group's revenue rose 10.4% to €105.5 million (2014: €95.6 million) while EBITDA rose to €38.6 million, compared with €28.4 million in the same quarter in 2014. Operating profit in the quarter was €34.2 million versus €24.0 million in the same period in 2014.

Summer trading has been strong with volume and revenue growth across the Group's two operating segments; Ferries and Container & Terminal. Group fuel costs in the quarter were €10.3 million (2014: €14.8 million) reflecting lower commodity prices partially offset by a stronger dollar and the amendment of marine environmental regulations requiring the Group to consume more expensive fuel grades.

Volumes 1 July - 7 November

In the period from 1 July 2015 to 7 November 2015 total passengers carried increased by 3%, while cars carried increased by 5%. In the RoRo freight market, Irish Ferries volumes were up 8% in the period.

Container freight volumes for the same period were up 7%. Units lifted at our container ports at Dublin and Belfast were up 51%, with underlying port lifts up 5% after adjusting for Belfast VT3 concession volumes in 2015.

Year to Date Volumes

Cumulatively, in the year to 7 November 2015, total passengers carried were up 3% at 1,530,100, while cars carried were up 6% at 362,900. RoRo freight volumes in the same period were up 10% on last year at 231,500 units.

Container freight volumes were up 3% at 247,500 teu. Units lifted at our container ports rose by 29% to 207,900 lifts, with underlying port lifts up 5% after adjusting for Belfast VT3 concession volumes in 2015.

Cumulative Financial Results to 30 September (unaudited)

Group revenue for the nine months to 30 September 2015 was €248.6 million (2014: €226.3 million), up 9.9%. Revenue in the Ferries division was up 10.8% compared with the comparable period in 2014, while in the Container & Terminal division cumulative revenue was up 8.3% year on year. EBITDA for the nine months was €64.1 million (2014: €42.4 million).

Operating profit for the nine months was €50.6 million compared with €29.2 million in the same period in 2014. Net debt at the end of September was €20.4 million compared with €33.7 million at 30 June 2015. Subsequent to the quarter end the interim dividend of €6.8 million was paid.

Other Developments

Following the award of the Services Concession for the operation of a combined container terminal at Victoria Terminal in Belfast Harbour, the consolidation of our existing container volumes at Belfast has been completed. Progress on developing volumes through Belfast and harnessing the efficiencies of a single terminal are continuing.

As previously reported Afloat, the Group has concluded agreements (on 27 October) for the acquisition of four container vessels at a total cost of €24.2 million, with delivery expected to complete during December. These vessels will be offered to the market on a charter basis.

 

Published in Ports & Shipping

Ireland's offshore islands

Around 30 of Ireland's offshore islands are inhabited and hold a wealth of cultural heritage.

A central Government objective is to ensure that sustainable vibrant communities continue to live on the islands.

Irish offshore islands FAQs

Technically, it is Ireland itself, as the third largest island in Europe.

Ireland is surrounded by approximately 80 islands of significant size, of which only about 20 are inhabited.

Achill island is the largest of the Irish isles with a coastline of almost 80 miles and has a population of 2,569.

The smallest inhabited offshore island is Inishfree, off Donegal.

The total voting population in the Republic's inhabited islands is just over 2,600 people, according to the Department of Housing.

Starting with west Cork, and giving voting register numbers as of 2020, here you go - Bere island (177), Cape Clear island (131),Dursey island (6), Hare island (29), Whiddy island (26), Long island, Schull (16), Sherkin island (95). The Galway islands are Inis Mór (675), Inis Meáin (148), Inis Oírr (210), Inishbofin (183). The Donegal islands are Arranmore (513), Gola (30), Inishboffin (63), Inishfree (4), Tory (140). The Mayo islands, apart from Achill which is connected by a bridge, are Clare island (116), Inishbiggle (25) and Inishturk (52).

No, the Gaeltacht islands are the Donegal islands, three of the four Galway islands (Inishbofin, like Clifden, is English-speaking primarily), and Cape Clear or Oileán Chléire in west Cork.

Lack of a pier was one of the main factors in the evacuation of a number of islands, the best known being the Blasket islands off Kerry, which were evacuated in November 1953. There are now three cottages available to rent on the Great Blasket island.

In the early 20th century, scholars visited the Great Blasket to learn Irish and to collect folklore and they encouraged the islanders to record their life stories in their native tongue. The three best known island books are An tOileánach (The Islandman) by Tomás Ó Criomhthain, Peig by Peig Sayers, and Fiche Blian ag Fás (Twenty Years A-Growing) by Muiris Ó Súilleabháin. Former taoiseach Charles J Haughey also kept a residence on his island, Inishvickillaune, which is one of the smaller and less accessible Blasket islands.

Charles J Haughey, as above, or late Beatle musician, John Lennon. Lennon bought Dorinish island in Clew Bay, south Mayo, in 1967 for a reported £1,700 sterling. Vendor was Westport Harbour Board which had used it for marine pilots. Lennon reportedly planned to spend his retirement there, and The Guardian newspaper quoted local estate agent Andrew Crowley as saying he was "besotted with the place by all accounts". He did lodge a planning application for a house, but never built on the 19 acres. He offered it to Sid Rawle, founder of the Digger Action Movement and known as the "King of the Hippies". Rawle and 30 others lived there until 1972 when their tents were burned by an oil lamp. Lennon and Yoko Ono visited it once more before his death in 1980. Ono sold the island for £30,000 in 1984, and it is widely reported that she donated the proceeds of the sale to an Irish orphanage

 

Yes, Rathlin island, off Co Antrim's Causeway Coast, is Ireland's most northerly inhabited island. As a special area of conservation, it is home to tens of thousands of sea birds, including puffins, kittiwakes, razorbills and guillemots. It is known for its Rathlin golden hare. It is almost famous for the fact that Robert the Bruce, King of Scots, retreated after being defeated by the English at Perth and hid in a sea cave where he was so inspired by a spider's tenacity that he returned to defeat his enemy.

No. The Aran islands have a regular ferry and plane service, with ferries from Ros-a-Mhíl, south Connemara all year round and from Doolin, Co Clare in the tourist season. The plane service flies from Indreabhán to all three islands. Inishbofin is connected by ferry from Cleggan, Co Galway, while Clare island and Inishturk are connected from Roonagh pier, outside Louisburgh. The Donegal islands of Arranmore and Tory island also have ferry services, as has Bere island, Cape Clear and Sherkin off Cork. How are the island transport services financed? The Government subsidises transport services to and from the islands. The Irish Coast Guard carries out medical evacuations, as to the RNLI lifeboats. Former Fianna Fáíl minister Éamon Ó Cuív is widely credited with improving transport services to and from offshore islands, earning his department the nickname "Craggy island".

Craggy Island is an bleak, isolated community located of the west coast, inhabited by Irish, a Chinese community and one Maori. Three priests and housekeeper Mrs Doyle live in a parochial house There is a pub, a very small golf course, a McDonald's fast food restaurant and a Chinatown... Actually, that is all fiction. Craggy island is a figment of the imagination of the Father Ted series writers Graham Linehan and Arthur Mathews, for the highly successful Channel 4 television series, and the Georgian style parochial house on the "island" is actually Glenquin House in Co Clare.

Yes, that is of the Plassey, a freighter which was washed up on Inis Oírr in bad weather in 1960.

There are some small privately owned islands,and islands like Inishlyre in Co Mayo with only a small number of residents providing their own transport. Several Connemara islands such as Turbot and Inishturk South have a growing summer population, with some residents extending their stay during Covid-19. Turbot island off Eyrephort is one such example – the island, which was first spotted by Alcock and Brown as they approached Ireland during their epic transatlantic flight in 1919, was evacuated in 1978, four years after three of its fishermen drowned on the way home from watching an All Ireland final in Clifden. However, it is slowly being repopulated

Responsibility for the islands was taking over by the Department of Rural and Community Development . It was previously with the Gaeltacht section in the Department of Media, Tourism, Arts, Culture, Sport and the Gaeltacht.

It is a periodic bone of contention, as Ireland does not have the same approach to its islands as Norway, which believes in right of access. However, many improvements were made during Fianna Fáíl Galway West TD Éamon Ó Cuív's time as minister. The Irish Island Federation, Comdháil Oileáin na hÉireann, represents island issues at national and international level.

The 12 offshore islands with registered voters have long argued that having to cast their vote early puts them at a disadvantage – especially as improved transport links mean that ballot boxes can be transported to the mainland in most weather conditions, bar the winter months. Legislation allowing them to vote on the same day as the rest of the State wasn't passed in time for the February 2020 general election.

Yes, but check tide tables ! Omey island off north Connemara is accessible at low tide and also runs a summer race meeting on the strand. In Sligo, 14 pillars mark the way to Coney island – one of several islands bearing this name off the Irish coast.

Cape Clear or Oileán Chléire is the country's most southerly inhabited island, eight miles off the west Cork coast, and within sight of the Fastnet Rock lighthouse, also known as the "teardrop of Ireland".
Skellig Michael off the Kerry coast, which has a monastic site dating from the 6th century. It is accessible by boat – prebooking essential – from Portmagee, Co Kerry. However, due to Covid-19 restrictions, it was not open to visitors in 2020.
All islands have bird life, but puffins and gannets and kittiwakes are synonymous with Skellig Michael and Little Skellig. Rathlin island off Antrim and Cape Clear off west Cork have bird observatories. The Saltee islands off the Wexford coast are privately owned by the O'Neill family, but day visitors are permitted access to the Great Saltee during certain hours. The Saltees have gannets, gulls, puffins and Manx shearwaters.
Vikings used Dublin as a European slaving capital, and one of their bases was on Dalkey island, which can be viewed from Killiney's Vico road. Boat trips available from Coliemore harbour in Dalkey. Birdwatch Ireland has set up nestboxes here for roseate terns. Keep an eye out also for feral goats.
Plenty! There are regular boat trips in summer to Inchagoill island on Lough Corrib, while the best known Irish inshore island might be the lake isle of Innisfree on Sligo's Lough Gill, immortalised by WB Yeats in his poem of the same name. Roscommon's Lough Key has several islands, the most prominent being the privately-owned Castle Island. Trinity island is more accessible to the public - it was once occupied by Cistercian monks from Boyle Abbey.

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