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Displaying items by tag: Profits Hit

Irish Ferries parent company Irish Continental Group has reported a drop in revenues and earnings for the first six months of the year amid a challenging background of depressed economic activity and travel restrictions imposed across the EU because of the Covid-19 pandemic.

ICG said this had led to a significant reduction in passenger traffic, however freight activity across the group has been less affected.

Revenues for the six months to the end of June decreased by 21.6% to €130.8m from €166.8m the same time last year, while EBITDA sank by 66.7% to €10m from €30m.

ICG, which owns Irish Ferries, posted a loss before tax of €11.2m compared with a profit before tax of €24.9m the same time last year.

The company said the trading conditions faced by the group since March, particularly in its passenger business, have been the most challenging encountered in its 32 year history.

More here RTE News reports on this story. 

Published in Ferry

The Round Britain & Ireland Race

The 2022 Sevenstar Round Britain and Ireland Race will feature a wide variety of yachts racing under the IRC rating rule as well as one design and open classes, such as IMOCA, Class40 and Multihulls. The majority of the fleet will race fully crewed, but with the popularity of the Two-Handed class in recent years, the race is expected to have a record entry.

The Sevenstar Round Britain and Ireland Race starts on Sunday 7th August 2022 from Cowes, Isle of Wight, UK.

The 2022 Sevenstar Round Britain and Ireland Race is organised by The Royal Ocean Racing Club in association with The Royal Yacht Squadron.

It is run every four years. There have been nine editions of the Round Britain and Ireland Race which started in 1976 Sevenstar has sponsored the race four times - 2006, 2010, 2014, 2018 and has committed to a longterm partnership with the RORC

The 2022 Sevenstar Round Britain and Ireland Race is a fully crewed non-stop race covering 1,805 nautical miles and is open to IRC, IRC Two Handed, IMOCA 60s, Class40s, Volvo 65s and Multihulls that will race around Britain and Ireland, starting from the Royal Yacht Squadron line in Cowes on the Isle of Wight starting after Cowes Week on Sunday 7 August 2022

The last edition of the race in 2018 attracted 28 teams with crews from 18 nations. Giles Redpath's British Lombard 46 saw over victory and Phil Sharp's Class40 Imerys Clean Energy established a new world record for 40ft and under, completing the course in 8 days 4 hrs 14 mins 49 secs.

The 1,805nm course will take competitors around some of the busiest and most tactically challenging sailing waters in the world. It attracts a diverse range of yachts and crew, most of which are enticed by the challenge it offers as well as the diversity and beauty of the route around Britain and Ireland with spectacular scenery and wildlife.

Most sailors agree that this race is one of the toughest tests as it is nearly as long as an Atlantic crossing, but the changes of direction at headlands will mean constant breaks in the watch system for sail changes and sail trim

Sevenstar Round Britain & Ireland Race Records:

  • Outright - OMA07 Musandam-Oman Sail, MOD 70, Sidney Gavignet, 2014: 3 days 03:32:36
  • Monohull - Azzam Abu Dhabi Ocean Racing, VO 65, Ian Walker, 2014: 4 days 13:10:28
  • Monohull All-Female - Team SCA, VO 65, Samantha Davies, 2014: 4 days 21:00:39
  • Monohull 60ft or less - Artemis Team Endeavour, IMOCA 60, Brian Thompson/Artemis Ocean Racing, 2014: 5 days 14:00:54
  • Monohull 40ft or less – Imerys Clean Energy, Class40, Phil Sharp, 2018: 8 days 4:14:49