Displaying items by tag: Growth

3rd April 2021

Shipyard Owner of Harland & Wolff ‘Builds Growth Momentum’

InfraStrata owners of Harland & Wolff experience ‘building growth momentum’ and in its ferry and cruise market has broken even after larger contract wins were established. AFLOAT adds InfraStrata recently acquired Scottish Methil facility which is split across two locations with sites on the Isle of Lewis (in the north-west) and as above Methil, on the Fife east coast.

Shipyard owners of Harland & Wolff, InfraStrata has reported "steady progress" in the first months of its financial year.

In a Q1 trading update, the business said it has booked about £6.5m in the eight months to 31 March 2021, with further growth expected this year.

Its cruise and ferry market has broken even after larger contract wins were established.

InfraStrata acquired the assets of the Harland & Wolff shipyard in Belfast from administrators in 2019.

It then further invested in the business by acquiring the Appledore shipyard in North Devon.

Insider has more here on this story.

Afloat adds that InfraStrata in recent weeks acquired the assets of Scottish based Burntisland Fabrication Ltd from the administrators.

These facilities will trade under Harland & Wolff brand and represent the final fabrication piece of its UK footprint.

This will position the company to fully deliver on its existing strategy quicker than it would have done with only its two existing sites: Harland & Wolff (Belfast) and Harland & Wolff (Appledore).

Published in Shipyards

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New York Yacht Club’s biennial Invitational Cup

Ireland has a proud history in New York Yacht Club’s biennial Invitational Cup, with Irish participation from the very start and a podium result in 2019.

In 2009, two Irish Clubs, Royal St. George in Dun Laoghaire and Royal Cork in Crosshaven, entered into New York's newest sailing competition that was reminiscent of Newport’s America’s Cup days when 19 yacht club teams from 14 nations descended on this “City by the Sea”.

The Rolex New York Yacht Club Invitational Cup is a competition between yacht clubs, with strict eligibility rules ensuring that each team is comprised exclusively of amateur sailors.

The competition, which was first run in 2009, has drawn entries from 49 clubs from 22 nations on all six inhabited continents.

The New York Yacht Club won the inaugural event in 2009, with the Royal Canadian Yacht Club winning in 2011 and 2013, England's Royal Thames Yacht Club winning in 2015 and Southern Yacht Club from New Orleans winning in 2017.

In 2019 the regatta was sailed for the first time in the New York Yacht Club’s fleet of IC37 yachts, and Royal Sydney Yacht Squadron, from Australia, became the first Southern Hemisphere club to win the trophy. And it was in this edition that Anthony O’Leary’s Royal Cork team took the bronze medal.