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Displaying items by tag: Announce Acquisition

#FerryNews - In an announcement today, the Manx Government has plans to acquire the Isle of Man Steam Packet Company (IoMSPC) for £124m.

If approved by Tynwald later this month, BBC News writes the deal would see the government commit to purchase 100% of MIOM Ltd, the IoMSPC's parent company.

Chief Minister Howard Quayle said: "Acquiring the national asset is a once-in-a-generation opportunity."

The IoMSPC provides freight, passenger and vehicle services between Douglas and five ports in the UK and Ireland.

The government has been considering its options since rejecting the company's revised offer of a new strategic sea services agreement in July 2017.

It had proposed to invest £170m in services - including spending £65m on two "state-of-the-art" ships - had its contract been extended.

Treasury Minister Alfred Cannan said: "The deal would immediately bring ferry operations into public ownership but government would not take over the day-to-day running of services."

He said government could "put in place a new agreement within 12 months" if the deal goes ahead.

For more on this story, click here. 

Published in Ferry

Irish Sailing Classes and Association – There’s no shortage of one-design classes from which to choose and each gives its enthusiasts great competition, fun and camaraderie, writes Graham Smith in this review of the classes. 

One-design racing is where it all starts. It is, after all, where all the top sailors earned their stripes, battling away for line honours without a thought for a handicapper’s calculator wiping away a hard-fought victory!

Indeed, you could count on less than one hand the number of top Irish sailors who didn’t cut their teeth in a one-design dinghy! Just think of Cudmore, Barrington, Watson, Wilkins, Hennessy and Dix to name a few and you realise that they honed their skills in everything from Enterprises to Lasers and a lot in between.

At present count, there are a little over 30 one-design classes in Ireland, split almost evenly between dinghies and keelboats, a statistic which might raise a few eyebrows. They range from the long-established Mermaids, IDRA14s and Dragons to the newer additions like Fevas, Topaz and RS Elite. They all fill a particular need and give their owners and crews considerable enjoyment.

Many have attracted their World or European Championships to Irish waters over the years and while 2009 is notable for a lack of such events here, the following year will see the Etchells Worlds at Howth and perhaps a few other international regattas too.

In addition to the review, we asked each class to complete a questionnaire giving details of their fleet numbers, whether they were on a growth pattern or holding their own, so we could highlight those ‘on the up’ and those remaining static in terms of numbers. The older traditional designs, as you might imagine, fall into the latter category, although that’s not a negative!

CLASS REVIEW  The State of the Classes – League Table (as at February 2009)

S = Static; U = Up/growing

275     Optimist   U

200+   Laser   S

189     Mermaid   S

160     Flying Fifteen   S

130     RS Feva   U

115     Shannon One Design    U

100+   Mirror   S

100+   Topper   U

99       Topaz   U

94       Laser SB3   U

87       GP14   U

85       Squib   S

70       Fireball   S

70       Ruffian   S

60       J24   S

60       Shipman   S

52       Dragon   S

50       RS400/200   S

50       420    U

43       Multihulls    U

42       Dragon    S

40       Water Wags    U

40       Wayfarer    S

34       IDRA14    U

33       Puppeteer    U

28       Etchells    S

27       E-Boat    U

26       Glen    S

25       Enterprise    S

18       Sigma 33    S

18       Howth 17    U

13       RS Elite    U