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Displaying items by tag: examinership

2nd February 2012

Fastnet Line Closes For Good

#FERRY NEWS - The Fastnet Line ferry service between Cork and Swansea is to close with the loss of 78 jobs.

As previously reported on Afloat.ie, the operator had been in examinership since last November, and a restructured business plan had been submitted with a view to resuming high-season service in April.

However, in a statement the owners of the Fastnet Line said they had been unable to raise the €1m-plus investment required and that the examinership had "failed".

All 78 jobs will be lost as the company is set to be placed in receivership or liquidation later today.

The Fastnet Line - which was worth around €30 million to Cork in tourist spending - made its maiden voyage from Swansea to Cork in 2010, and was the only direct passenger and freight link between Wales and the south coast of Ireland.

The Irish Times has more on the story HERE.

Published in Ferry

About Commander Bill King, Solo Circumnavigator

William Donald Aelian King was the last surviving submarine commander in the Second World War - in charge of the British Navy's T-class Telemachus that sank a Japanese sub in the Strait of Malacca, between Malaysia and Sumatra, in 1944.

Decorated many times for his service by the end of the war, King became a trailblazing solo sailor.

At the age of 58, he was the oldest participant in The Sunday Times Golden Globe Race sailing Galway Blazer II, a junk-rigged schooner he designed himself.

After a number of abortive attempts, including an incident with "a large sea creature", he finally completed his solo circumnavigation of the globe in 1973.

Beyond his aquatic escapades, King settled with his wife Anita (who died in 1984, aged 70) at Oranmore Castle outside Galway after the war, where he later developed a pioneering organic farm and garden to help tackle his wife's asthma.

The round-the-world sailor and Galway native Bill King died on Friday, 21 September, 2012, aged 102.