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Displaying items by tag: Finance Wales

#FERRY NEWS - The operators of the Celtic Sea ferry route between Cork-Swansea need to secure over €1m in investment today in order to save the company after being thrown a €300,000 funding lifeline by Cork's local authorities.

Cork City Council agreed last night to invest €100,000 in the Fastnet Line, bringing its total investment in the company to €365,000.

It followed a 90-minute behind closed doors presentation by Fastnet Line's acting chief executive officer, Pádraic O'Kane. He is due to meet Enterprise Ireland this morning to discuss further investment. He declined to discuss the amount involved, but it is understood to be in the region of €400,000.

Finance Wales will await the outcome of those talks before it agrees to pump up to €800,000 in to the firm. For more about this story in today's Examiner click HERE

Published in Ferry

Tom Dolan, Solo Offshore Sailor

Even when County Meath solo sailor Tom Dolan had been down the numbers in the early stages of the four-stage 2,000 mile 2020 Figaro Race, Dolan and his boat were soon eating their way up through the fleet in any situation which demanded difficult tactical decisions.

His fifth overall at the finish – the highest-placed non-French sailor and winner of the Vivi Cup – had him right among the international elite in one of 2020's few major events.

The 33-year-old who has lived in Concarneau, Brittany since 2009 but grew up on a farm in rural County Meath came into the gruelling four-stage race aiming to get into the top half of the fleet and to underline his potential to Irish sailing administrators considering the selection process for the 2024 Olympic Mixed Double Offshore category which comes in for the Paris games.