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Displaying items by tag: NAMA

#NaomhEanna - Naomh Éanna a former CIE Aran Islands ferry due to be scrapped earlier this year as previously reported, has been acquired by the Irish Ship & Barge Fabrication Company, effectively securing the heritage vessel, writes Jehan Ashmore.

There are plans by IS&BF for a major refit of the veteran vessel that would see her become a tourist attraction back in her former homeport of Galway, as she would feature a boutique hostel, restaurant, cafe and museum in the harbour's single Dun Aengus Dock.

Naomh Eanna is a riveted hulled ship completed in 1958 at the Liffey Dockyard, she carried some 300 passengers and freight including livestock between Galway and the three Aran Islands. She has been lying derelict in Dublin Port for more than 25 years.

She is one of the last such ships built in Europe using rivetted construction technique. In addition she is one of the last ships to be built in the capital and is one of the oldest surviving Irish built ships remaining in our waters.

According to the Naomh Éanna Save Our Ship Campaign, there are negotiations with NAMA over a lease of the graving dock site in Dublin's Grand Canal Basin. This would allow surveyors to access the ship (currently in the graving dock) and determine her hull condition and machinery which is understood to be in working order.

Subject to the outcome of her survey, IS&BF intend to carry out the major refit of the 483 tonnes vessel with her new owners seeking investment from venture capitalists to invest in the project.

Since her shift of berth within Grand Canal Basin earlier this year, there has been an ongoing dispute by campaigners to save Naomh Eanna from scrapping by Waterways Ireland, the Department of Arts, Heritage and the Gaeltacht and NAMA.

Prior to Naomh Éanna's relocation earlier this year, she had been laid-up at her long-term berth alongside Charlotte Quay within the Grand Canal Dock since 1989.

The previous year she had been withdrawn from the west of Ireland service as she failed an inclination test and sailed to Dublin Port. She initially berthed in the capital close to the shipyard from where she was launched into Alexandra Basin.

 

Published in Historic Boats

#NaomhEanna -The Naomh Éanna, a former CIE ferry that campaigners are attempting to save from being scrapped appears to be making progress, reports TheJournal.ie

Having reached a deal to take over responsibility for the vessel with a number of other stakeholders or potential stakeholders involved in deciding her fate.

Only the question of whether NAMA will allow the group to carry out survey and repairs as previously reported on Afloat.ie on the heritage vessel remains a potential stumbling block.

However, a meeting with the agency is being arranged for the coming days, at which the issue will be discussed.

Built in the Liffey Dock in 1956 and once used to carry passengers and supplies between Galway and the Aran Islands, the ferry has been berthed in Dublin's Grand Canal Dock since the late 1980s — where she has since fallen into disrepair.

Waterways Ireland, which manages the docks, had been planning to scrap the vessel; safety concerns were raised in a hull inspection, and the ship could not be moved from the waterway under her own power.

Campaigners had asked for the plan to scrap the vessel to be delayed — but such a move seemed unlikely, until Minister Jimmy Deenihan announced a last-minute stay of execution earlier this year, following questioning in the Seanad from Senator David Norris.

For more on this latest development, visit HERE.

 

Published in Historic Boats

#QUAYCAPITAL - Businessman Denis O'Brien has spent about €1 million on the purchase of two campshire warehouses, fronting the south quays of the Liffey in Dublin's Docklands quarter.

The campshires are the stretches of land between the quay and road on both the north and south quays in Dublin, which in times past, were thronged with warehouses during the days when cargoships used to sail this far up the Liffey.

Mr O'Brien is expected to spend almost as much again on the upgrading and refurbishment work before renting the buildings as restaurants or for other retail uses.

The detached buildings at Sir John Rogerson's Quay date from the 1880s and were handed over to Nama after the Government decided to dissolve the disgraced Dublin Docklands Development Authority.

Selling agent CBRE said most of the considerable number of inquiries it received about the former BJ Marine warehouses came from the catering industry because of their unique quayside location in an area where a large number of professional workers are employed.

"There is obviously a growing demand for services in what has now become a vibrant business district," says Niamh Sheehan, who handled the sales. For more on this story, the Irish Times has a report.

Published in Waterfront Property

#INLAND WATERWAYS - The site of the former graving docks at Grand Canal Dock has been transferred to NAMA in a deal which frees the Dublin Docklands Development Authority (DDDA) from a €29 million plus bank guarantee.

Plot 8 at Sir John Rogerson's Quay is one of a suite of nine sites that have been transferred to the Government's 'bad bank' in a negotiated loan settlement that extricates the Docklands body from loan guarantees given by banks that financed the "disastrous" Dublin Glass Bottle site deal in 2006.

Sites handed over in the deal include the former 'U2 Tower' and the historic BJ Marine premises on the banks of the Liffey, as well as the aforementioned Dublin Glass Bottle site.

The Dublin branch of the Inland Waterways Association of Ireland (IWAI) had been hoping to embark on a restoration of the graving docks at Plot 8 to their former working order (a detailed history of the docks and restoration plans is available HERE).

This project had been given the blessing of the DDDA and Waterways Ireland, which owns the freehold lease on the site, with a view to its restoration helping to fund the Ulster Canal scheme.

However with the transfer of the DDDA's interest in the site to NAMA, the authority has now withdrawn permission for the IWAI to do any restoration work, leaving the future of the graving docks in limbo.

Published in Inland Waterways
The former Techrete site at Howth Harbour, bought at the peak of the property boom by the crisis-hit Glenkerrin Group, will not return to the market any time soon for fears of only making a fraction of the original cost.
The Irish Times reports that Glenkerrin Group's extensive property portfolio is now under day-to-day management by receivers at Grant Thornton, which is devising an asset management plan with NAMA and estate agents Hooke & MacDonald.
However the 6.5-acre former concrete factory, purchased in 2007 for a total of €62 million, will not be one of those sites put back on the market, as it is expected to only make €10 million today.
Architect Duignan Dooley is currently awaiting planning permission for a development of 250 apartments with a mixture of shopping, offices, leisure and a community centre for the site, adjacent to Howth village.
But there is no indication of when construction might start on the scheme should it be given the go ahead.

The former Techrete site at Howth Harbour, bought at the peak of the property boom by the crisis-hit Glenkerrin Group, will not return to the market any time soon for fears of only making a fraction of the original cost.

The Irish Times reports that Glenkerrin Group's extensive property portfolio is now under day-to-day management by receivers at Grant Thornton, which is devising an asset management plan with NAMA and estate agents Hooke & MacDonald.

However the 6.5-acre former concrete factory, purchased in 2007 for a total of €62 million, will not be one of those sites put back on the market, as it is expected to only make €10 million today.

Architect Duignan Dooley is currently awaiting planning permission for a development of 250 apartments with a mixture of shopping, offices, leisure and a community centre for the site, adjacent to Howth village. 

But there is no indication of when construction might start on the scheme should it be given the go ahead.

Published in Waterfront Property
The National Asset Management Agency (NAMA) is currently reviewing plans to continue development of Greystones Harbour, WicklowNews.net reports.
NAMA, which took over the loans connected to the controversial €300 million development, has received Sispar's business plan for developing the proposed public walkway and retail units, as well as amenities for water users, further to proposals outlined in June.
It is expected that the limited development could be completed by September next year, pending NAMA approval. The agency is set to announce its decision next month.
WicklowNews.net has more on the story HERE.

The National Asset Management Agency (NAMA) is currently reviewing plans to continue development of Greystones Harbour, WicklowNews.net reports.

NAMA, which took over the loans connected to the controversial €300 million development, has received Sispar's business plan for developing the proposed public walkway and retail units, as well as amenities for water users, further to proposals outlined in June.

Signs and buoys strung across Greystones harbour to keep mariners out of the new basin

 

It is expected that the limited development could be completed by September next year, pending NAMA approval. The agency is set to announce its decision next month.

WicklowNews.net has more on the story HERE.

Published in Greystones Harbour
The partially redeveloped Greystones Harbour could be opened to the public by mid-summer, The Irish Times reports.
Hoardings may come down to open the marine sections of the €300 million development while plans are finalised to complete the rest of the project - which includes new harbour facilities, commercial units, homes and recreational spaces.
A spokesperson for development consortium Sispar said the decision on finding the next phase rests with that National Assets Management Agency (Nama).
Wicklow County Council chairman Tom Fortune said he was hopeful that the hoardings around the harbour area would come down later this year “in part at least”.
The Irish Times has more on the story HERE.

The partially redeveloped Greystones Harbour could be opened to the public by mid-summer, The Irish Times reports.

Hoardings may come down to open the marine sections of the €300 million development while plans are finalised to complete the rest of the project - which includes new harbour marina facilities, commercial units, homes and recreational spaces.

A spokesperson for development consortium Sispar said the decision on finding the next phase rests with that National Assets Management Agency (Nama).

Wicklow County Council chairman Tom Fortune said he was hopeful that the hoardings around the harbour area would come down later this year “in part at least”.

The Irish Times has more on the story HERE.

Published in Greystones Harbour

Tuesday nights Greystones Town Council meeting was informed by Greystones harbour developer Sispar that the major work on the seawalls would be complete at the end of November 2010.

Following this, construction of the Health Centre, public square and Community buildings for the Sea Scouts, Rowers, Anglers, Divers and Sailors will start in January and should be complete in December 2011.

The hoardings which have blocked the view of the harbour and proposed marina will be taken down as these works are completed in 2011.

Local councillor Derek Mitchell (and a Ruffian keelboat champion) told Afloat.ie: "I welcome this as Greystones had been trying to get the harbour rebuilt for over a hundred years and this will create the best Community Harbour in Ireland".

Councillor Mitchell adds "The developer has applied to change some of the housing and add 34 houses to the North. Wicklow County Council is to vote on this in December. These houses may not be built yet, depending on the housing market, but access will be provided across the site to the North Beach and the new swimming beach there"

"The meeting was also told that the loan would be going in to NAMA, as all loans will, however this is not expected to make any difference to the project", he added.

Councillors asked for more Community tours so that people could see what has been achieved.

Published in Greystones Harbour

The Sydney Hobart Yacht Race

The Rolex Sydney Hobart Yacht Race is an annual offshore yacht racing event with an increasingly international exposure attracting super maxi yachts and entries from around tne world. It is hosted by the Cruising Yacht Club of Australia, starting in Sydney, New South Wales on Boxing Day and finishing in Hobart, Tasmania. The race distance is approximately 630 nautical miles (1,170 km).

The 2022 Rolex Sydney Hobart Yacht Race starts in Sydney Harbour at 1pm (AEDT) on Monday 26 December.

This is the 77th edition of the Rolex Sydney Hobart. The inaugural race was conducted in 1945 and has run every year since, apart from 2020, which was cancelled due to the COVID-19 pandemic.

88 boats started the 2021 Rolex Sydney Hobart, with 50 finishing.

The Sydney Hobart Yacht Race - FAQs

The number of Sydney Hobart Yacht Races held by the Cruising Yacht Club of Australia since 1945 is 75

6,257 completed the Sydney Hobart Yacht race, 1036 retired or were disqualified)

About 60,061 sailors have competed in the Sydney Hobart Race between 1945 and 2019

Largest fleets: 371 starters in the 50th race in 1994 (309 finished); 154 starters in 1987 (146 finished); 179 starters in 1985 (145 finished); 151 starters in 1984 (46 finished); 173 started in 1983 (128 finished); 159 started in 1981 (143 finished); 147 started in 1979 (142 finished); 157 started in 2019 (154 finished)

116 in 2004 (59 finished); 117 in 2014 (103 finished); 157 in 2019 (154 finished)

Nine starters in the inaugural Sydney Hobart Yacht Race in 1945

In 2015 and 2017 there were 27, including the 12 Clipper yachts (11 in 2017). In the record entry of 371 yachts in the 50th in 1994, there were 24 internationals

Rani, Captain John Illingworth RN (UK). Design: Barber 35’ cutter. Line and handicap winner

157 starters, 154 finishers (3 retirements)

IRC Overall: Ichi Ban, a TP52 owned by Matt Allen, NSW. Last year’s line honours winner: Comanche, Verdier Yacht Design and VPLP (FRA) owned by Jim Cooney and Samantha Grant, in 1 day 18 hours, 30 minutes, 24 seconds. Just 1hour 58min 32secs separated the five super maxis at the finish 

1 day 9 hours 15 minutes and 24 seconds, set in 2017 by LDV Comanche after Wild Oats XI was penalised one hour in port/starboard incident for a finish time of 1d 9h 48m 50s

The oldest ever sailor was Syd Fischer (88 years, 2015).

As a baby, Raud O'Brien did his first of some six Sydney Hobarts on his parent's Wraith of Odin (sic). As a veteran at three, Raud broke his arm when he fell off the companionway steps whilst feeding biscuits to the crew on watch Sophie Tasker sailed the 1978 race as a four-year-old on her father’s yacht Siska, which was not an official starter due to not meeting requirements of the CYCA. Sophie raced to Hobart in 1979, 1982 and 1983.

Quite a number of teenage boys and girls have sailed with their fathers and mothers, including Tasmanian Ken Gourlay’s 14-year-old son who sailed on Kismet in 1957. A 12-year-old boy, Travis Foley, sailed in the fatal 1998 race aboard Aspect Computing, which won PHS overall.

In 1978, the Brooker family sailed aboard their yacht Touchwood – parents Doug and Val and their children, Peter (13), Jacqueline (10), Kathryne (8) and Donald (6). Since 1999, the CYCA has set an age limit of 18 for competitors

Jane (‘Jenny’) Tate, from Hobart, sailed with her husband Horrie aboard Active in the 1946 Race, as did Dagmar O’Brien with her husband, Dr Brian (‘Mick’) O’Brien aboard Connella. Unfortunately, Connella was forced to retire in Bass Strait, but Active made it to the finish. The Jane Tate Memorial Trophy is presented each year to the first female skipper to finish the race

In 2019, Bill Barry-Cotter brought Katwinchar, built in 1904, back to the start line. She had competed with a previous owner in 1951. It is believed she is the oldest yacht to compete. According to CYCA life member and historian Alan Campbell, more than 31 yachts built before 1938 have competed in the race, including line honours winners Morna/Kurrewa IV (the same boat, renamed) and Astor, which were built in the 1920s.

Bruce Farr/Farr Yacht Design (NZL/USA) – can claim 20 overall wins from 1976 (with Piccolo) up to and including 2015 (with Balance)

Screw Loose (1979) – LOA 9.2m (30ft); Zeus II (1981) LOA 9.2m

TKlinger, NSW (1978) – LOA 8.23m (27ft)

Wild Oats XI (2012) – LOA 30.48m (100ft). Wild Oats XI had previously held the record in 2005 when she was 30m (98ft)

©Afloat 2020