Displaying items by tag: 2020

13th July 2021

Isle of Man Steam Packet Loses £10.5m in 2020

The Manx ferry company loses £10.5m for last year.

The cancellation of TT and Covid restrictions have been blamed for the deficit.

As Manx Radio reports, the government-owned ferry operator lost more than £10.5 million last year.

The Isle of Man Steam Packet Company's accounts have been published ahead of this month's Tynwald sitting.

The figures show the firm lost £10,561,803 in 2020, compared to a profit of just under £10 million the year before.

The report says the cancellation of the TT, as well as ongoing Covid restrictions have had a 'very significant effect' on its income.

Further reading here including a podcast.

Published in Ferry

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Tax Credit to Be Introduced By Government for Sea-Going Naval Personnel

Serving members of the Irish Naval Service who spend at least 80 days at sea will be eligible

A special tax credit by the Government is to introduced for sea-going naval personnel from next year.

Serving members of the Naval Service, who spend at least 80 days at sea, will be eligible for the credit worth €1,270 per annum.

It will be introduced into the Dáil by way of an amendment to the Finance Bill tomorrow.

The challenges facing the Defence Forces over pay, conditions, recruitment and retention have been getting increased attention over the past year.

Minister for Defence Paul Kehoe said the introduction of a special tax credit for sea-going naval personnel is a step towards addressing those challenges.

For more RTE News reports here.

Published in Navy

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About the Melges 15 Dinghy

The Melges 15 was designed by Reichel/Pugh and built by Melges.

The design prioritises stability, comfort, ease of use, and performance.

The Melges 15 is built to be sailed by everyone from friends and couples to families and kids. The design offers performance, comfort, and stability in one sleek package.

The Melges 15’s stable hull shape and ergonomic cockpit make it a suitable layout for adult racing and educational sailing. Easy conversion from a club configuration (non-spinnaker) to a one-design setup, provides more versatility to club programs and options for individual owners.

“The Melges 15 creates a clear pathway for junior sailors to get started and stay excited about sailing while also being comfortable and accessible enough for adults to learn, race, or cross-train,” according to Harry Melges III.

With the main design goals focused on stability and performance in various conditions, the boat features a narrow overall beam and a flat cross-section shape for stability, righting moment, and ease of planing. For a more forgiving feel upwind and to navigate larger sea states, the Melges 15 has just the right amount of fore and aft rocker.

Melges conducted extensive research and product testing to produce this layout factoring in cockpit depth, backbone height, and floor plan. The result, they say, is a comfortable environment for both the skipper and crew. The deeper cockpit takes the load off the sailor’s knees helping them feel locked into the boat while the high boom and gnav vang system work together to make the boat easier to manoeuvre.

The asymmetric spinnaker offers an additional performance element, while the single-pull launch and retrieval system makes handling the sail easy and fast.