Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: Lloyds of London

#LloydsofDublin? - The option by Lloyd’s of London according to The Irish Times in setting up a subsidiary in Dublin is actively been examined, as it finalises its plan to deal with the move to Brexit.

The insurance market is due to bring a proposal to its members next month to establish a subsidiary in an EU country to safeguard its access to European markets and Dublin remains on the shortlist as the final decision approaches.

The arrival of Lloyd’s, the insurance market with a history stretching its origins in marine insurance back more than 300 years, would pose particular issues for the Central Bank. Lloyd’s members would have to agree to inject new capital into the venture, to create a fully-fledged subsidiary.

However the structure of Lloyd’s, with risk taken on by various syndicates of members, rather than the company, would require a different regulatory oversight to a normal insurance operation.

Lloyd’s was one of the first major city companies to say it would move part of its operations out of London in the wake of the Brexit vote. Its chairman, John Nelson, said that London’s status as a global insurance hub was at risk after the referendum vote. Lloyd’s quickly started looking for a base for an EU subsidiary and it was reported in December that five centres were on the shortlist. Malta is also thought to be on the list.

For more click here and an opinion piece on Afloat.ie of Dublin's Docklands as a relocation base for sectors of the London banking scene leading to potential spin-off of maritime based activity on the Liffey based mostly on moored craft.

On a related note to London's River Thames is where MBNA Thames Clippers (see newbuild orders) is operated by one of the UK's largest credit card issuers, MBNA.

Published in News Update

Howth 17 information

The oldest one-design keelboat racing class in the world is still competing today to its original 1897 design exclusively at Howth Yacht club.

Howth 17 FAQs

The Howth 17 is a type of keelboat. It is a 3-man single-design keelboat designed to race in the waters off Howth and Dublin Bay.

The Howth Seventeen is just 22ft 6ins in hull length.

The Howth 17 class is raced and maintained by the Association members preserving the unique heritage of the boats. Association Members maintain the vibrancy of the Class by racing and cruising together as a class and also encourage new participants to the Class in order to maintain succession. This philosophy is taken account of and explained when the boats are sold.

The boat is the oldest one-design keelboat racing class in the world and it is still racing today to its original design exclusively at Howth Yacht club. It has important historical and heritage value keep alive by a vibrant class of members who race and cruise the boats.

Although 21 boats are in existence, a full fleet rarely sails buy turnouts for the annual championships are regularly in the high teens.

The plans of the Howth 17 were originally drawn by Walter Herbert Boyd in 1897 for Howth Sailing Club. The boat was launched in Ireland in 1898.

They were originally built by John Hilditch at Carrickfergus, County Down. Initially, five boats were constructed by him and sailed the 90-mile passage to Howth in the spring of 1898. The latest Number 21 was built in France in 2017.

The Howth 17s were designed to combat local conditions in Howth that many of the keel-less boats of that era such as the 'Half-Rater' would have found difficult.

The original fleet of five, Rita, Leila, Silver Moon, Aura and Hera, was increased in 1900 with the addition of Pauline, Zaida and Anita. By 1913 the class had increased to fourteen boats. The extra nine were commissioned by Dublin Bay Sailing Club for racing from Kingstown (Dún Laoghaire) - Echo, Sylvia, Mimosa, Deilginis, Rosemary, Gladys, Bobolink, Eileen and Nautilus. Gradually the boats found their way to Howth from various places, including the Solent and by the latter part of the 20th century they were all based there. The class, however, was reduced to 15 due to mishaps and storm damage for a few short years but in May 1988 Isobel and Erica were launched at Howth Yacht Club, the boats having been built in a shed at Howth Castle - the first of the class actually built in Howth.

The basic wooden Howth 17 specification was for a stem and keel of oak and elm, deadwood and frames of oak, planking of yellow pine above the waterline and red pine below, a shelf of pitch pine and a topstrake of teak, larch deck-beams and yellow pine planking and Baltic spruce spars with a keel of lead. Other than the inclusion of teak, the boats were designed to be built of materials which at that time were readily available. However today yellow pine and pitch pine are scarce, their properties of endurance and longevity much appreciated and very much in evidence on the original five boats.

 

It is always a busy 60-race season of regular midweek evening and Saturday afternoon contests plus regattas and the Howth Autumn League.

In 2017, a new Howth 17 Orla, No 21, was built for Ian Malcolm. The construction of Orla began in September 2016 at Skol ar Mor, the boat-building school run by American Mike Newmeyer and his dedicated team of instructor-craftsmen at Mesquer in southern Brittany. In 2018, Storm Emma wrought extensive destruction through the seven Howth Seventeens stored in their much-damaged shed on Howth’s East Pier at the beginning of March 2018, it was feared that several of the boats – which since 1898 have been the very heart of Howth sailing – would be written off. But in the end only one – David O’Connell’s Anita built in 1900 by James Clancy of Dun Laoghaire – was assessed as needing a complete re-build. Anita was rebuilt by Paul Robert and his team at Les Ateliers de l’Enfer in Douarnenez in Brittany in 2019 and Brought home to Howth.

The Howth 17 has a gaff rig.

The total sail area is 305 sq ft (28.3 m2).

©Afloat 2020