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Displaying items by tag: Covid Hits 2020

Irish Ferries, owned by the Irish Continental Group, has reported lower revenues and earnings for 2020 due to Covid-19 travel restrictions on its passenger business.

Irish Continental Group said its revenues for the year fell by 22.5% to €277.1m from €357.4m in 2019, while EBITDA slumped 51.5% to €42.1m from €86.8m.

Overall the group generated an operating loss of €10.4m compared to operating profits of €64.9m in 2019.

ICG Chairman John B McGuckian said that 2020 was an exceptionally challenging year for the group due to the restrictions placed on travel due to the Covid-19 pandemic.

But the chairman said that while these restrictions brought large-scale disruption and reductions in its passenger business, the other parts of the business proved resilient throughout the entire year. 

More details reports RTE News here. 

Published in Irish Ferries

Crosshaven Boat Yard is the Irish distributor for Dufour Yachts of France. Crosshaven Boatyard offers a complete range of top quality Cruising and Racing yachts from 32 feet to 52 feet.

Crosshaven Boat Yard was established over 60 years ago and has been a family-based operation since its early days.

The Yard originally specialised in building commercial fishing boats and small pleasure craft, both sail and power and is famous for its involvement in the construction of a number of significant yachts such as Gypsy Moth V, Saint Brendan, Longbow II and a series of Moondusters were completed up to the early ’80s.

Crosshaven Boat Yard installed the first commercial marina, with a Marine Travel hoist, in Ireland in 1979. This era saw a major change of emphasis in the business and since then we have concentrated on all aspects of the repair, care and maintenance.

The Cork Harbour company also offer, the White Shark Range of Sports Boats cater for angling and water skiing interests.

Crosshaven Boatyard are also agents for the popular Seaward Range of Motor Cruisers from 19′ to 42′.

The firm's Brokerage service consistently achieves top results for our large client base and we can offer the best professional advice whether you are a buyer or a boat owner.

The yard is situated just a stone's throw from the Royal Cork Yacht Club,  the oldest yacht club in the world founded in 1720.