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Displaying items by tag: business plan

#BusinessPlan - The south east Port of Waterford is to increase it's annual revenue by almost a third over the next four years, reports WLR FM.

The Waterford Harbour Board celebrated it's bicentenary this week with an event held in City Hall, during which the port's business plan for 2020 was revealed.

It sets out a strategy for growth at the Belview facility through a €7 million investment into capital projects, infrastructure and services.

Frank Ronan is CEO of the Port of Waterford Company says it's hoped that will yield an increase in revenue of €3 million over four years

Published in Ports & Shipping

#NaomhÉanna – Marine restoration specialists Irish Ship & Barge Fabrication Co in co-operation with the Naomh Éanna Trust's Save Our Ship (SOS) campaign group are to present a €1.86m business plan today to Heritage Minister, Jimmy Deenihan.

As previously reported on Afloat.ie, the minister had called for a 'concrete business plan' and today's presentation of the business plan will be using private funds to restore Ireland's oldest surviving merchant vessel, the former Aran Islands passenger, freight and cattle-carrying ferry.

The group need the minister to intervene and halt the scrapping by Waterways Ireland of the Liffey Dockyard ship completed in 1958 as the reprieve date expires next Monday, 31 March.

The plan was prepared in only 4 weeks and proposes a number of commercial activities on board the Naomh Éanna after restoration: a 82-bed boutique hostel, a 46-seat restaurant, an interactive museum and a micro-brewery plus a café seating 60 people.

Galway Port Company have offered a berth for the restored Naomh Éanna in which CIE had operated the 137ft vessel on the three-hour service to the Aran Islands until 1988. She then sailed to Dublin Port and in the following year she was transferred to the Irish Nautical Trust and berthed in Grand Canal Basin.

The plan describes how the vessel could be repaired in a dry dock in Dublin. Engineers are confident the antique machinery in the ship can be returned to service and the ship will return to her home city under her own steam.

 

Published in Historic Boats
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

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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