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Displaying items by tag: Insolvency

Ferry operator, P&O is confident that it can avoid a fine for last year's sacking without notice of nearly 800 seafarers.

Among those sacked across their UK routes network, were seafarers working on the Irish Sea routes of Dublin-Liverpool and Larne-Cairnryan (see photo above). 

The annual report of P&O's Dubai based-owners, DP World, seen by the PA news agency, said its directors think an ongoing inquiry by the Insolvency Service will not result in any punishment.

Of the company's workforce, 786 were made redundant and without consultation on 17 March, 2022 (see, related story). This led to widespread criticism from UK and Irish politicians in addition from trade unions which saw member's protest at ports across both countries.

The mass sacking of seafarers saw them replaced by agency staff paid on wages less than the minimum wage.

A criminal investigation followed to inquire what happened, however this did not result in a prosecution.

Much from the Independent and the annual report.

As Afloat reported recently, in the UK, the National Union of Rail, Maritime and Transport (RMT) criticised a jobs cut proposal by P&O Ferries to shed a further 60 workers.

Published in Ferry

Operator P&O Ferries faces a probe, reports BBC News, into the controversial no-notice sackings of nearly 800 members of staff.

The Insolvency Service has launched criminal and civil investigations into the circumstances around the redundancies.

In a letter, it said it would consider "prompt and appropriate action" if the law was broken.

Grant Shapps has also asked the service to consider disqualifying its boss from acting as a company director.

The transport secretary made the announcement as part of new pay plans for the ferry industry this week after P&O Ferries sacked 786 employees without notice and replaced with them with agency workers.

P&O Ferries said on Friday that all but one of the sacked employees had taken steps to accept the redundancy offer made by the company. One former P&O worker, John Lansdown, told the BBC he did not respond to the company's offer.

The company declined to comment on the Insolvency Service's investigation when approached by BBC News.

Business Secretary Kwasi Kwarteng tweeted that he and Mr Shapps would follow the new investigations into P&O Ferries closely as they develop.

Click here for much more. 

Published in Ferry

A formal legal process to place Harland and Wolff into administration will be completed later today.

As the BBC News reports an insolvency request is expected to be filed at the High Court in Belfast.

On Monday, the company announced that accountancy firm BDO had been appointed administrators to the Belfast shipyard.

Having employed more than 30,000 at its peak, the move could now put 120 jobs at risk and spell the end of the iconic firm, best known for building the Titanic.

Unions representing workers have called for the shipyard to be renationalised, arguing it would be cheaper for the government to keep the shipyard open.

However, the government has said the crisis is "ultimately a commercial issue".

For more on this story in addition to the history of the famous shipyard click here.

Published in Belfast Lough
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The Half Ton Class was created by the Offshore Racing Council for boats within the racing band not exceeding 22'-0". The ORC decided that the rule should "....permit the development of seaworthy offshore racing yachts...The Council will endeavour to protect the majority of the existing IOR fleet from rapid obsolescence caused by ....developments which produce increased performance without corresponding changes in ratings..."

When first introduced the IOR rule was perfectly adequate for rating boats in existence at that time. However yacht designers naturally examined the rule to seize upon any advantage they could find, the most noticeable of which has been a reduction in displacement and a return to fractional rigs.

After 1993, when the IOR Mk.III rule reached it termination due to lack of people building new boats, the rule was replaced by the CHS (Channel) Handicap system which in turn developed into the IRC system now used.

The IRC handicap system operates by a secret formula which tries to develop boats which are 'Cruising type' of relatively heavy boats with good internal accommodation. It tends to penalise boats with excessive stability or excessive sail area.

Competitions

The most significant events for the Half Ton Class has been the annual Half Ton Cup which was sailed under the IOR rules until 1993. More recently this has been replaced with the Half Ton Classics Cup. The venue of the event moved from continent to continent with over-representation on French or British ports. In later years the event is held biennially. Initially, it was proposed to hold events in Ireland, Britain and France by rotation. However, it was the Belgians who took the ball and ran with it. The Class is now managed from Belgium. 

At A Glance – Half Ton Classics Cup Winners

  • 2017 – Kinsale – Swuzzlebubble – Phil Plumtree – Farr 1977
  • 2016 – Falmouth – Swuzzlebubble – Greg Peck – Farr 1977
  • 2015 – Nieuwport – Checkmate XV – David Cullen – Humphreys 1985
  • 2014 – St Quay Portrieux – Swuzzlebubble – Peter Morton – Farr 1977
  • 2013 – Boulogne – Checkmate XV – Nigel Biggs – Humphreys 1985
  • 2011 – Cowes – Chimp – Michael Kershaw – Berret 1978
  • 2009 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978
  • 2007 – Dun Laoghaire – Henri-Lloyd Harmony – Nigel Biggs – Humphreys 1980~
  • 2005 – Dinard – Gingko – Patrick Lobrichon – Mauric 1968
  • 2003 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978

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