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Displaying items by tag: Ferguson Marine

Jim McColl has failed to convince the Scottish Government to take a stake in the last commercial shipyard on the Clyde.

The near-billionaire, The Herald writes, was understood to be ready to take a multi-million-pound “hit” on his investment at Ferguson Marine in Port Glasgow.

And this week he convinced Labour and SNP local to back his scheme in the hope of securing 350 jobs after their current contracts to make ferries ran in to cost over-runs and contractual disputes.

Ministers consider nationalising shipyard owned by billionaire adviser to Nicola Sturgeon (click here for more). 

The Herald understands Mr McColl and his Clyde Blowers Capital or CBC felt they had legal advice that assuaged concerns by civil servants over an equity partnership.

However, a Scottish Government spokesman said: “We share the determination to ensure a strong, long term future for Fergusons.

For more click here including a related article on the yard which predicts a loss of £44m on a pair of newbuild dual-fuel ferries for CalMac. 

Published in Ports & Shipping
Page 3 of 3

The Irish Cruiser Racing Association (ICRA) Information

The creation of the Irish Cruiser Racing Association (ICRA) began in a very low key way in the autumn of 2002 with an exploratory meeting between Denis Kiely, Jim Donegan and Fintan Cairns in the Granville Hotel in Waterford, and the first conference was held in February 2003 in Kilkenny.

While numbers of cruiser-racers were large, their specific locations were widespread, but there was simply no denying the numerical strength and majority power of the Cork-Dublin axis. To get what was then a very novel concept up and running, this strength of numbers had to be acknowledged, and the first National Championship in 2003 reflected this, as it was staged in Howth.

ICRA was run by a dedicated group of volunteers each of whom brought their special talents to the organisation. Jim Donegan, the elder statesman, was so much more interested in the wellbeing of the new organisation than in personal advancement that he insisted on Fintan Cairns being the first Commodore, while the distinguished Cork sailor was more than content to be Vice Commodore.

ICRA National Championships

Initially, the highlight of the ICRA season was the National Championship, which is essentially self-limiting, as it is restricted to boats which have or would be eligible for an IRC Rating. Boats not actually rated but eligible were catered for by ICRA’s ace number-cruncher Denis Kiely, who took Ireland’s long-established native rating system ECHO to new heights, thereby providing for extra entries which brought fleet numbers at most annual national championships to comfortably above the hundred mark, particularly at the height of the boom years. 

ICRA Boat of the Year (Winners 2004-2019)