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Displaying items by tag: despite loss

The shipyard owner of Belfast's Harland & Wolff has said its business is improving after announcing a pre-tax loss of £25.5 million for its latest reporting period.

Infrastrata PLC, which bought the company out of administration in late 2019, officially began trading under the Harland and Wolff name last September.

The group, which is also seeking to develop gas storage caverns under Larne Lough at Islandmagee, said it is in year three of a five-year plan to make the shipyard profitable again.

But it said the war in Ukraine and the ongoing energy crisis have hit those plans.

Publishing its accounts for the 17 months ending December 31 2021, Harland and Wolff Group Holdings PLC said revenues grew to £18.5m during the period, up from £1.5m for the year to July 31 2020.

The company has now absorbed pre-tax losses of around £36m in the last two reporting periods, with losses reaching £25.5m in the latest 17 months.

It put the losses down to “significant investment to support future growth of the business”, including the acquisition of three shipyards.

Appledore in Devon was acquired in August 2020, followed by Scottish yards Methil and Arnish in February 2021. All three now bear the Harland and Wolff branding.

The Irish News reports more on the shipyard group. 

As pictured above is the Northern Lighthouse Board's aids to navigation tender, NLV Pharos which Afloat reported last month. 

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Marine Wildlife Around Ireland One of the greatest memories of any day spent boating around the Irish coast is an encounter with marine wildlife.  It's a thrill for young and old to witness seabirds, seals, dolphins and whales right there in their own habitat. As boaters fortunate enough to have experienced it will testify even spotting a distant dorsal fin can be the highlight of any day afloat.  Was that a porpoise? Was it a whale? No matter how brief the glimpse it's a privilege to share the seas with Irish marine wildlife.

Thanks to the location of our beautiful little island, perched in the North Atlantic Ocean there appears to be no shortage of marine life to observe.

From whales to dolphins, seals, sharks and other ocean animals this page documents the most interesting accounts of marine wildlife around our shores. We're keen to receive your observations, your photos, links and youtube clips.

Boaters have a unique perspective and all those who go afloat, from inshore kayaking to offshore yacht racing that what they encounter can be of real value to specialist organisations such as the Irish Whale and Dolphin Group (IWDG) who compile a list of sightings and strandings. The IWDG knowledge base has increased over the past 21 years thanks in part at least to the observations of sailors, anglers, kayakers and boaters.

Thanks to the IWDG work we now know we share the seas with dozens of species who also call Ireland home. Here's the current list: Atlantic white-sided dolphin, beluga whale, blue whale, bottlenose dolphin, common dolphin, Cuvier's beaked whale, false killer whale, fin whale, Gervais' beaked whale, harbour porpoise, humpback whale, killer whale, minke whale, northern bottlenose whale, northern right whale, pilot whale, pygmy sperm whale, Risso's dolphin, sei whale, Sowerby's beaked whale, sperm whale, striped dolphin, True's beaked whale and white-beaked dolphin.

But as impressive as the species list is the IWDG believe there are still gaps in our knowledge. Next time you are out on the ocean waves keep a sharp look out!