Displaying items by tag: £200m

17th May 2024

Belfast’s Shipyard Harland & Wolff Denies Funding Rejection

The shipyard owner of Belfast’s Harland and Wolff Group has denied that the UK government has refused to give the group a £200m loan guarantee which is seen as crucial to the yard’s future.

As The Times newspaper reported on Wednesday, the Treasury is set to block the £200m guarantee of the London-listed Harland & Wolf Group Holdings.

In addition to the 162 year old Belfast shipyard, the group has a further three sites across the UK, Arnish and Methil in Scotland and Appledore in England.

But the Queen’s Island in Belfast-based shipyard said negotiations which began in December last year with the government are continuing.

Harland & Wolff described the report as "misleading and inaccurate".

The Chief Executive, John Wood said "We were disappointed to read this article and the reaction it has caused,"

"Our application has not been rejected and continues to be a work in progress. I expect to be providing a fuller update on our refinancing plans in the next few weeks."

More on the shipyard story, BBC News reports.

Published in Shipyards

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Dun Laoghaire to Dingle Yacht Race Information

The biennial Dun Laoghaire to Dingle race is a 320-miles race down to the east coast of Ireland, across the south coast and into Dingle harbour in County Kerry.

The race is organised by the National Yacht Club.

It never fails to offer a full range of weather, wind and tide to the intrepid entrants, ranging from a 32ft cruiser to a 79ft all-out racer.

Three divisions are available to enter: cruiser (boats equipped with furlers), racing (the bulk of the fleet) and also two-handed.

D2D Course change overruled

In 2019, the organisers considered changing the course to allow boats to select routes close to shore by removing the requirement to go outside Islands and Lighthouses en route, but following input from regular participants, the National Yacht Club decided to stick with the tried and tested course route in order to be fair to large and smaller boats and to keep race records intact.

D2D Course record time

Mick Cotter’s 78ft Whisper established the 1 day and 48 minutes course record for the Dun Laoghaire to Dingle Race in 2009 and that time stood until 2019 when Cotter returned to beat his own record but only just, the Dun Laoghaire helmsman crossing the line in Kerry to shave just 20 seconds off his 2009 time.