Displaying items by tag: examinership

2nd February 2012

Fastnet Line Closes For Good

#FERRY NEWS - The Fastnet Line ferry service between Cork and Swansea is to close with the loss of 78 jobs.

As previously reported on Afloat.ie, the operator had been in examinership since last November, and a restructured business plan had been submitted with a view to resuming high-season service in April.

However, in a statement the owners of the Fastnet Line said they had been unable to raise the €1m-plus investment required and that the examinership had "failed".

All 78 jobs will be lost as the company is set to be placed in receivership or liquidation later today.

The Fastnet Line - which was worth around €30 million to Cork in tourist spending - made its maiden voyage from Swansea to Cork in 2010, and was the only direct passenger and freight link between Wales and the south coast of Ireland.

The Irish Times has more on the story HERE.

Published in Ferry

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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