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Displaying items by tag: Impact of Covid

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

About the Class 40

The Class40 is a kind of monohull sailboat primarily used for short-handed offshore and coastal racing. It is dedicated to offshore racing and has been around since 2004, serving as an intermediate oceanic boat between the Mini 650 (6.50m) and the 60-foot IMOCA (18.24m). The boat is strictly regulated, with a maximum length of 12.19 m. These boats are designed to sail in all weather conditions, and their performance has recently improved significantly. It is not uncommon to reach speeds of up to 26 knots (according to GPS), and planing up to 15 knots is normal.