Displaying items by tag: Impact of Covid

27th August 2021

Irish Ferries Owner ICG Continues to See Impact of Covid On Ferry Business

Irish Ferries which is owned by ICG, said its half year revenues rose by 8.3% to €141.6m. Above is the chartered-in blue hull ferry Blue Star 1 which operates the Rosslare-Pembroke route.

Higher revenues for the six months to the end of June have been reported by the Irish Continental Group, but a drop in earnings before interest and tax as the Covid-19 pandemic continued to create an "exceptionally challenging" trading environment for the company.

ICG which owns Irish Ferries, said its revenues rose by 8.3% to €141.6m, while EBIT generated was a loss of €10.3m, €0.8m worse than the same time last year.

The company reported a loss before tax of €12.2m compared to a loss before tax of €11.2m last year.

ICG said that travel restrictions in place in the first half of the year materially reduced its passenger business.

But it added that it has maintained services on all of its shipping routes, keeping critical logistical links to the island of Ireland.

RTE News has more to report here.

Published in Irish Ferries

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About Pamela Lee, Irish Offshore Sailor

Ireland has produced some of the world’s most dedicated offshore sailors, and Pamela Lee of Greystones is one of them. She has made a name for herself in the sailing world, having worked as a mate on a charter Super-yacht for two and a half years. After coming ashore, she has been fully committed to her offshore sailing ambitions since 2019.

Lee has raced in various craft, including Figaro 3s, Class 40, Tp 52s, and multihulls, and has eight transatlantic crossings under her belt. In partnership with Kenny Rumball, Lee supported Rumball’s La Solitaire du Figaro sailing campaign to secure the Irish berth in the proposed Mixed Offshore Keelboat event for the Paris 2024 Olympics.

One of Lee’s stated main aims is to promote female empowerment in sport, and she set out to establish a double-handed Round Ireland speed record with Englishwoman Cat Hunt in the winter of 2020. This campaign gained much publicity, and Lee expressed pride in bringing sailing and offshore sailing, in particular, into the conversation for 2020.

To further her offshore sailing career, Lee moved to France, where she has recently secured a place to skipper a yacht in the Transat Jacques Vabre Challenge in October 2023. Lee’s passion and dedication to offshore sailing are inspiring, and her achievements are a testament to her hard work and perseverance.