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Displaying items by tag: Profits Down

#FerryNews - Profits in Irish Continental Group (ICG) almost halved to €29.7 million in the six months ended June 30, the latest figures show.

As The Irish Times reports, ICG whose ferry division Irish Ferries, saw revenue grew slightly to €157.2 million from €156.1 million in the first half of the year.

Profit before tax fell 46 per cent to €29.7 million from €47.5 million during the same period last year.

Earnings per share fell 33 per cent to 15.3 cent in the six months ended June 30 from 22.8 cent in the first half of 2017.

Total equity rose 55 per cent in the period to €240.3 million from €191.3 on June 30 last year.

For more on the financial results, click here. 

Published in Ferry

About Safehaven Marine 

Safehaven Marine are designers and builders of FRP Pilot boats, Patrol boats, Crew transfer vessels, Hydrographic survey catamarans, Naval & Military craft and unique custom private motor yachts. All our vessels are built to the highest standards of strength & engineering and are renowned worldwide for their exceptional sea-keeping abilities, we set a new World long-range speed record in 2017 with our own vessel and crew. Established in 1996 we have built over 138 vessels supplied to 27 countries worldwide with over 40 pilot vessels in operation globally, and have become leaders in our field.

Based in Youghal, Co Cork Ireland, Safehaven manufacture our vessels from two modern factories, with all design work carried out in house, and built with our own experienced team of engineers, carpenters, electricians, shipwrights and laminators.

Always at the forefront of new technology and designs we continuously develop our range and push the frontiers of design: In 2020 we aim to set a UIM Transatlantic World record with our unique (patent applied for) new 22m high-speed vessel XSV20

Interceptor 42 pilot boat

The Pilot 42 model built by Safehaven Marine has been delivered to ports worldwide and has proved to be a superb sea boat performing admirably in pilotage operations with all owners extolling its virtues of seakeeping, strength and stability.

L.O.A. (Length overall) 13.2m

L.W.L. (Length along waterline) 11.5m

Length moulded (GRP hull only) 12.7

Beam Moulded (GRP only ex fender) 4.0m

Beam overall (Including fenders) 4.4m

Draft (Depth of hull below waterline) 1.35m

Displacement Lightship 14,500kg

Fully loaded 16,000kg

Fuel capacity 1600 litres

Water capacity 110 litres

Crew capacity 5 persons

Engines Volvo D9 425hp

Gearboxes ZF325

Subdivision 4 x separate watertight compartments

Crew capacity 1-2 crew plus 3- 4 pilots

Classification PRS

Speed 23.5kts fully loaded