Displaying items by tag: Eamonn Rothwell

4th June 2016

Chief of Irish Continental Group Makes €4m Profit on Shares

Elbetrader, one of ICG's containerships that operates for division EUCON on feeder services to and from Ireland to continental Europe

#FerryChiefProfits - Eamonn Rothwell, Irish Continental Group chief executive has made a €4.43 million profit on the exercise of share options in the company and their subsequent sale.

The Irish Times reports that Mr Rothwell bought one million shares at €1.067 under a share option scheme and sold them at €5.50, according to a stock market announcement yesterday.

The announcement showed that the company was informed of the transaction, which relates to just more than 0.5 per cent of the issued shares of ICG, on June 2nd.

It also revealed that Mr Rothwell now owns some 14.8 per cent of ICG stock. He holds 9.933 million shares personally, representing 5.3 per cent of the company stock.

A further 17.747 million shares are held by a company called Rokeby Investments Limited, which is wholly owned and controlled by Mr Rothwell. At current prices his shareholding in the company is worth more than €150 million.

For more from the newspaper click here

ICG this week took delivery of a newly acquired fast-ferry for $13.25m to Sealift LCC who in turn have chartered the craft to the US Navy's Military Sealift Command.

Published in Ports & Shipping

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About Conor O'Brien, Irish Circumnavigator

In 1923-25, Conor O'Brien became the first amateur skipper to circle the world south of the Great Capes. O'Brien's boat Saoirse was reputedly the first small boat (42-foot, 13 metres long) to sail around the world since Joshua Slocum completed his voyage in the 'Spray' during 1895 to 1898. It is a journey that O' Brien documented in his book Across Three Oceans. O'Brien's voyage began and ended at the Port of Foynes, County Limerick, Ireland, where he lived.

Saoirse, under O'Brien's command and with three crew, was the first yacht to circumnavigate the world by way of the three great capes: Cape Horn, Cape of Good Hope and Cape Leeuwin; and was the first boat flying the Irish tri-colour to enter many of the world's ports and harbours. He ran down his easting in the Roaring Forties and Furious Fifties between the years 1923 to 1925.

Up until O'Brien's circumnavigation, this route was the preserve of square-rigged grain ships taking part in the grain race from Australia to England via Cape Horn (also known as the clipper route).

At a Glance - Conor O'Brien's Circumnavigation

In June 1923, Limerick man Conor O’Brien set off on his yacht, the Saoirse — named after the then newly created Irish Free State — on the two-year voyage from Dun Laoghaire Harbour that was to make him the first Irish amateur to sail around the world.

June 1923 - Saoirse’s arrival in Madeira after her maiden passage out from Dublin Bay

2nd December 1924 - Saoirse crossed the longitude of Cape Horn

June 20th 1925 - O’Brien’s return to Dun Laoghaire Harbour