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Displaying items by tag: Titanic Island

#TITANIC - Titanic Island, the company at the head of the consortium developing Belfast's Titanic Quarter, made a pre-tax loss of £20 million (€25 million) in 2011, as BBC News reports.

Much of this has been attributed to a one-off payment of £13 million (€16.25 million) to the charitable trust that owns the new Titanic Belfast visitor centre on the shores of Belfast Lough.

The company's directors described the opening of the tourism hot-spot as the "tipping point" for the development and that "the pieces are in place" for the Titanic Quarter to become one of Ireland's most important commercial hubs.

Meanwhile, Titanic Island is in discussions with Ulster Bank about restructuring its loan support, which the firm's auditors say is essential if the development is to continue.

BBC News has more on the story HERE.

Published in Titanic

Crosshaven Boat Yard is the Irish distributor for Dufour Yachts of France. Crosshaven Boatyard offers a complete range of top quality Cruising and Racing yachts from 32 feet to 52 feet.

Crosshaven Boat Yard was established over 60 years ago and has been a family-based operation since its early days.

The Yard originally specialised in building commercial fishing boats and small pleasure craft, both sail and power and is famous for its involvement in the construction of a number of significant yachts such as Gypsy Moth V, Saint Brendan, Longbow II and a series of Moondusters were completed up to the early ’80s.

Crosshaven Boat Yard installed the first commercial marina, with a Marine Travel hoist, in Ireland in 1979. This era saw a major change of emphasis in the business and since then we have concentrated on all aspects of the repair, care and maintenance.

The Cork Harbour company also offer, the White Shark Range of Sports Boats cater for angling and water skiing interests.

Crosshaven Boatyard are also agents for the popular Seaward Range of Motor Cruisers from 19′ to 42′.

The firm's Brokerage service consistently achieves top results for our large client base and we can offer the best professional advice whether you are a buyer or a boat owner.

The yard is situated just a stone's throw from the Royal Cork Yacht Club,  the oldest yacht club in the world founded in 1720.