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Displaying items by tag: Shin Yang Shipyards

#PORTS & SHIPPING - Cork based marine services company, Mainport is investing $36 million (€27.6 million) to build three supply vessels which will support seismic survey ships searching for oil and gas deposits.

The bulk of the financing for the construction of the newbuildings has been provided by Dutch bank ABN Amro, with a syndicate of Irish investors assembled by Westboro Finance in Cork providing $5 million in mezzanine, or short-term, financing.

The three ships, which will provide support services for an unnamed client carrying out off-shore seismic surveys around the world, are being constructed at Shin Yang Shipyards in Malaysia, and will be delivered in mid-2013.

To read more about this report in today's Irish Times click HERE

Published in Ports & Shipping

THE RORC:

  • Established in 1925, The Royal Ocean Racing Club (RORC) became famous for the biennial Fastnet Race and the international team event, the Admiral's Cup. It organises an annual series of domestic offshore races from its base in Cowes as well as inshore regattas including the RORC Easter Challenge and the IRC European Championship (includes the Commodores' Cup) in the Solent
  • The RORC works with other yacht clubs to promote their offshore races and provides marketing and organisational support. The RORC Caribbean 600, based in Antigua and the first offshore race in the Caribbean, has been an instant success. The 10th edition took place in February 2018. The RORC extended its organisational expertise by creating the RORC Transatlantic Race from Lanzarote to Grenada, the first of which was in November 2014
  • The club is based in St James' Place, London, but after a merger with The Royal Corinthian Yacht Club in Cowes now boasts a superb clubhouse facility at the entrance to Cowes Harbour and a membership of over 4,000