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#FERRY NEWS – The Irish Continental Group (ICG) operators of ferry division Irish Ferries, said today its pre-tax profit for last year fell by 30 per cent to €28.2 million on the back of higher fuel costs, reports The Irish Times.

Despite the tough trading conditions, the group said it revenue for 2011 rose by 4.2 per cent to €273.3 million. Irish Ferries saw its passenger numbers for the year fall marginally by 0.7 per cent to 1,527 million, while its roll-on roll-off freight rose up by 9 per cent.

The company said the extremely challenging economic circumstances in the Republic contributed to the lack of growth in the market, and the pressure on operating costs for our freight customers remained intense.

Chairman John B McGuckian predicted the current year would remain challenging as fuel costs have further increased but with the group's "disciplined approach to capacity" he said he was confident of its prospects.

In the year to date, the ferry operator has carried 31,100 cars, down 8.5 per cent on 2011 and 138,600 passengers, up 0.8 per cent on 2011.

The reduction in car carryings partially reflects an 11 per cent reduction in sailings in the year to date but also a quieter than expected start to the year, it said.

Published in Ferry

About the Star Sailors League Gold Cup

In 2022, Sailing finally got its own World Cup, according to the promoters of the SSL (STAR SAILORS LEAGUE) Gold Cup. 

Like football in 1930 and rugby in 1987, the SSL Gold Cup is designed to crown the best sailing nation of all! The World's Top 56 countries, selected on their SSL Nation ranking, will battle their way through to raise the coveted and only Sailing World Cup trophy.

The SSL is the global inshore sailing circuit launched by Olympic athletes in 2012, by sailors for sailors. Its main philosophy considers the athletes (not the boats) as the “Stars” and it aims to showcase the annual global sailing championship with its over 15’000 regattas; it determines and celebrates the world leaders in sailing promoting the inshore regattas to the global audience.

The three main components of the SSL Circuit are the SSL Ranking published every Tuesday, updating the position of over 100,000 leading athletes, thus highlighting the world’s top inshore sailors. The SSL Finals taking place every year around November-December, it’s the annual final of the SSL Circuit among the 20/25 best athletes of the ranking, to crown the champion of the season. And the SSL Gold Cup, the ‘ultimate’ championship of the circuit with 56 nations among World Sailing members, to crown the best sailing nation.

In a mechanical sport where the race for technology sometimes gets in the way of the race for glory, the SSL aims for equal competition where the talent of the sailors is at the forefront and the champions become heroes that inspire new generations of sailors.

The SSL is a World Sailing Special Event since 2017.

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