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Displaying items by tag: Princess

Princess Yachts in the UK say that have 'strong order books' after confident performances at the Cannes and Southampton boat shows, and currently marking its 50th anniversary, figures published today show that Princess Yachts has successfully weathered one of the most difficult years in its history, significantly outperformed its competitors – and is on target for profit in 2015.

Despite hurricane-force storms in February 2014 that brought chaos across South-West England and caused millions of pounds-worth of damage to facilities and stock at Princess's Plymouth manufacturing facility, a major programme of investment undertaken by the company will set a new standard for the industry – with six new world-class models launched in the next half-year alone.

While other UK builders reported that adverse economic conditions badly affected their businesses, Princess's order book remained buoyant throughout the year.

Princess Yachts' results for the year to 31 December 2014 show a loss before tax of £11,343,000 on turnover of £239,630,000 – equivalent to a margin of -4.7%. (2013 profits were £4,845,000 on turnover of £239,365,000 – equivalent to a margin of 2.0%.)

This is considered by the board to have been an especially strong performance in light of the force majeure and its aftermath that affected the business for up to eight months. Indeed, the company was able to meet every order – and even exceed its 2013 turnover – with all manufacturing plans back on schedule by November 2014.

Meanwhile, expansion of both M Class and S Class ranges of boats is taking the Princess brand into new markets and sectors, and heralds a resumption of normative profitability in 2015, while even more emphatic growth is projected for 2016. The company is also continuing to work with its insurers towards final settlement of claims arising from the storms.

Chris Gates, Managing Director of Princess Yachts, said: "We are immensely proud of our team who worked extremely hard to meet and exceed customers' expectations during such a difficult period as we worked to recover from this natural disaster to ensure that we didn't lose a single piece of business.

"In parallel, our determination to step up investment in product development has both led the entire UK yacht-building industry and helped to future-proof the company by creating a wealth of new opportunities.

"We are now on track for a return to our customary position of profitability in 2015 and beyond, with a strong order book and the significant expansion of both M Class and S Class ranges of boats, which will further consolidate Princess Yachts' reputation as a world-leading yacht builder."

Published in Marine Trade
Tagged under
#MOTORBOAT – The owner of a Princess 42 luxury motor yacht has pleaded guilty to carrying more people than licensed to do so between Strangford to Peel, Isle of Man.

The merchant vessel 'Sarah May III' is registered in the UK, certificated under the Code of Practice for the Safety of Small Commercial Vessels and licensed to carry no more than twelve passengers. On 6th June 2008 it carried more than 20 passengers across the Irish Sea from Strangford to Peel, Isle of Man.

The vessel, owned by local man Mr Grahame Stronge, was captured on CCTV at both Strangford and Peel as the passengers boarded the vessel.

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At the Magistrate's Court in Downpatrick on 7th Nov 2011 the owner pleaded guilty of failing to comply with the Code of Practice for the Safety of Small Commercial Vessels and to a breach of survey and certification regulations.

The owner was fined a total of £800

On summing up the Magistrate Brian Archer said:

"Good fortune, as much as there was no accident, the defendant knew he was overloaded and he was lucky there wasn't a tragedy, hopefully this won't happen again.

Captain Bill Bennett, Area Operations Manager (Survey and Inspection) Belfast for the MCA stated that:

"This was a serious breach of the Survey and Certification Regulations and should serve as a reminder to all operators of the dangers of carrying more passengers than the vessel is certificated and equipped to carry. All breaches of the Maritime Regulations are taken seriously by the Maritime and Coastguard Agency."

Published in News Update
Tagged under
Cruise Ireland, the marketing group promoting Ireland as a cruise destination; has announced that the overall economic contribution of the cruise business is estimated to be worth €60 million to the island of Ireland. On average there are over 200 cruise calls to Ireland per year carrying approximately half a million passengers and crew.

There are many indirect economic and tourism benefits to Ireland from this sector, as well as the benefit of introducing Ireland to new markets and business opportunities. Such cruise visits also help to showcase Ireland's world class shore products, destinations and highlights all that Ireland has to offer visitors.

One of Ireland's advantages is the strategic and geographic spread of its numerous ports, many of which are in close proximity to world class tourism destinations.

Speaking at Seatrade Miami this week, the Chairman of Cruise Ireland, Mr Brendan Keating said "Cruise Ireland aims to promote the island of Ireland as an excellent cruising ground for cruise companies. With the total economic contribution of €60 million, we need to ensure that Ireland maintains this level of business and looks at methods of growing it in the future."

He continued; "Cruise Ireland is looking forward to the 2011 season with confidence. We expect to see further growth in ship calls and the continued establishment of Ireland as an important cruise liner destination. Marketing Cruise Ireland at Seatrade will hopefully encourage further cruise bookings to Ireland in 2012 and 2013."

Representatives from Cruise Ireland attended Seatrade Miami to promote the Island of Ireland as a cruise line tourism destination. This event is attended by over 10,000 delegates, cruise line operators, the world's leading cruise tourism destinations and 118 countries.

Each year, all of the international operators including Princess Cruises, Royal Caribbean, Cunard, Holland America Line and NCL visit Irish ports to access Ireland's world class destinations.

The 2011 season will kick off in early April with calls by the MV Queen Victoria to Cork, the MV Boudicca to Dublin and the MV Ocean Nova to Belfast

Published in Cruise Liners

Fastnet Yacht Race 

This race is both a blue riband international yachting fixture and a biennial offshore pilgrimage that attracts crews from all walks of life:- from aspiring sailors to professional crews; all ages and all professions. Some are racing for charity, others for a personal challenge. For the world's top professional sailors, it is a 'must-do' race. For some, it will be their first-ever race, and for others, something they have competed in for over 50 years! The race attracts the most diverse fleet of yachts, from beautiful classic yachts to some of the fastest racing machines on the planet – and everything in between. The testing course passes eight famous landmarks along the route: The Needles, Portland Bill, Start Point, the Lizard, Land’s End, the Fastnet Rock, Bishop’s Rock off the Scillies and Plymouth breakwater (now Cherbourg for 2021 and 2023). After the start in Cowes, the fleet heads westward down The Solent, before exiting into the English Channel at Hurst Castle. The finish is in Plymouth, Devon via the Fastnet Rock, off the southern tip of Ireland.

  • The leg across the Celtic Sea to (and from) the Fastnet Rock is known to be unpredictable and challenging. The competitors are exposed to fast-moving Atlantic weather systems and the fleet often encounter tough conditions
  • Flawless decision-making, determination and total commitment are the essential requirements. Crews have to manage and anticipate the changing tidal and meteorological conditions imposed by the complex course
  • The symbol of the race is the Fastnet Rock, located off the southern coast of Ireland. Also known as the Teardrop of Ireland, the Rock marks an evocative turning point in the challenging race
  • Once sailors reach the Fastnet Rock, they are well over halfway to the finish in Plymouth.
  • The lighthouse first shone its light on New Year’s Day in 1854
    Fastnet Rock originally had six keepers (now unmanned), with four on the rock at a time with the other two on leave. Each man did four weeks on, two weeks off

At A Glance – Fastnet Race

  • The world's largest offshore yacht race
  • The biennial race is 605 nautical miles - Cowes, Fastnet Rock, Plymouth
  • A fleet of over 400 yachts regularly will take part
  • The international fleet is made up of over 26 countries
  • Multihull course record: 1 day, 8 hours, 48 minutes (2011, Banque Populaire V)
  • Monohull course record: 1 day, 18 hours, 39 minutes (2011, Volvo 70, Abu Dhabi)
  • Largest IRC Rated boat is the 100ft (30.48m) Scallywag 100 (HKG)
  • Some of the Smallest boats in the fleet are 30 footers
  • Rolex SA has been a longstanding sponsor of the race since 2001
  • The first race was in 1925 with 7 boats. The Royal Ocean Racing Club was set up as a result

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