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Displaying items by tag: examinership

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

About Rosslare Europort

2021 sees Rosslare Europort hitting a new record with a total of 36 shipping services a week operating from the port making it one of the premier Irish ports serving the European Continent. Rosslare Europort is a gateway to Europe for the freight and tourist industries. It is strategically located on the sunny south-east coast of Ireland.

Rosslare is within a 90-minute driving radius of major Irish cities; Dublin, Cork and Limerick. Rosslare Europort is a RoRo, RoPax, offshore and bulk port with three RoRo berths with a two-tier linkspan, we also have a dedicated offshore bulk berth.

Exports in Rosslare Europort comprise mainly of fresh products, food, pharmaceuticals, steel, timber and building supplies. While imports are largely in the form of consumer goods such as clothes, furniture, food, trade vehicles, and electronics.

The entire Europort is bar-swept to 7.2 meters, allowing unrestricted access to vessels with draughts up to 6.5 metres. Rosslare Europort offers a comprehensive service including mooring, stevedoring and passenger-car check-in for RoRo shipping lines. It also provides facilities for offshore, dry bulk and general cargo.

The port currently has twice-daily round services to the UK and direct services to the continent each day. Rosslare Europort has a fleet of Tugmasters service, fork-lift trucks, tractors and other handling equipment to cater for non-standard RoRo freight.