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Displaying items by tag: Big Losses

The Manx state-owned ferry operator, the Isle of Man Steam Packet Company lost tens of millions of pounds in revenue in the first year of the Covid pandemic.

Significant losses to both passenger and freight revenues are outlined in the directors’ report and financial statement for the year ending December 31, 2020, which will be laid before this month’s Tynwald sitting.

It says the government’s decisions to cancel the TT and Festival of Motorcycling in 2020 and 2021, and to impose travel restrictions on all visitors, had a very significant effect on passenger revenues and cashflows.

Thirty-five weeks of Covid-related travel restrictions in 2020 resulted in the loss of about £25m passenger revenues including the cancellation of both that year’s TT and Festival of Motorcycling.

Isle of Man Today has more on the story. 

Published in Ferry

About Safehaven Marine 

Safehaven Marine are designers and builders of FRP Pilot boats, Patrol boats, Crew transfer vessels, Hydrographic survey catamarans, Naval & Military craft and unique custom private motor yachts. All our vessels are built to the highest standards of strength & engineering and are renowned worldwide for their exceptional sea-keeping abilities, we set a new World long-range speed record in 2017 with our own vessel and crew. Established in 1996 we have built over 138 vessels supplied to 27 countries worldwide with over 40 pilot vessels in operation globally, and have become leaders in our field.

Based in Youghal, Co Cork Ireland, Safehaven manufacture our vessels from two modern factories, with all design work carried out in house, and built with our own experienced team of engineers, carpenters, electricians, shipwrights and laminators.

Always at the forefront of new technology and designs we continuously develop our range and push the frontiers of design: In 2020 we aim to set a UIM Transatlantic World record with our unique (patent applied for) new 22m high-speed vessel XSV20

Interceptor 42 pilot boat

The Pilot 42 model built by Safehaven Marine has been delivered to ports worldwide and has proved to be a superb sea boat performing admirably in pilotage operations with all owners extolling its virtues of seakeeping, strength and stability.

L.O.A. (Length overall) 13.2m

L.W.L. (Length along waterline) 11.5m

Length moulded (GRP hull only) 12.7

Beam Moulded (GRP only ex fender) 4.0m

Beam overall (Including fenders) 4.4m

Draft (Depth of hull below waterline) 1.35m

Displacement Lightship 14,500kg

Fully loaded 16,000kg

Fuel capacity 1600 litres

Water capacity 110 litres

Crew capacity 5 persons

Engines Volvo D9 425hp

Gearboxes ZF325

Subdivision 4 x separate watertight compartments

Crew capacity 1-2 crew plus 3- 4 pilots

Classification PRS

Speed 23.5kts fully loaded