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Displaying items by tag: Profits Slump

#H&W - Harland and Wolff, Belfast faces a tough year ahead having failed to secure a "sufficient workload" as the latest accounts shows a big drop in profits for 2015.

The Belfast Telegraph writes that the firm generated operating profit of £1m for the year ending December 2015, according to the latest accounts for Harland & Wolff Heavy Industries Ltd.

That was down from £8.6m a year earlier, however, turnover rose to £66.7m from £55.2m.

It says the directors consider the "results for the year are reflective of the difficult market conditions".

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Published in Belfast Lough

About the Clipper Round the World Yacht Race

The Clipper Round the World Yacht Race is undoubtedly one of the greatest ocean adventures on the planet, also regarded as one of its toughest endurance challenges. Taking almost a year to complete, it consists of eleven teams competing against each other on the world’s largest matched fleet of 70-foot ocean racing yachts.

The Clipper Race was established in 1996 by Sir Robin Knox-Johnston, the first person to sail solo, non-stop, around the world in 1968-69. His aim was to allow anyone, regardless of previous sailing experience, the chance to embrace the thrill of ocean racing; it is the only event of its kind for amateur sailors. Around 40 per cent of crew are novices and have never sailed before starting a comprehensive training programme ahead of their adventure.

This unique challenge brings together everyone from chief executives to train drivers, nurses and firefighters, farmers, airline pilots and students, from age 18 upwards, to take on Mother Nature’s toughest and most remote conditions. There is no upper age limit, the oldest competitor to date is 76.

Now in its twelfth edition, the Clipper 2019-20 Race started from London, UK, on 02 September 2019.