Displaying items by tag: Finances

18th April 2019

Manx Parliament Due to Consider Isle of Man Steam Packet Finances

Fastcraft Manannan has returned to Dublin Port this morning to resume seasonal service on the route to Douglas. The Isle of Man Steam Packet's fastcraft is seen earlier this month in the port to conduct berthing trials at the Stena Line (Terminal 2) linkspan which is adjacent to the ferry's routine berth at Terminal 1.

#ferrries - The Manx Parliament is to receive proposals ahead of the summer recess.

The future finances of the Isle of Man Steam Packet Company reports Manx Radio are expected to be considered by the parliament (Tynwald) ahead of the summer recess.

Treasury Minister Alfred Cannan confirmed at this week's sitting of the House of Keys that the structure of the sea services operator's finances is currently undergoing a review.

Following a question from Ramsey MHK Lawrie Hooper, Mr Cannan revealed the proposals should be on the July order paper once the review has been completed.

The Manx Government purchased the company last year and recently approved the Heads of Terms on a new sea services agreement.

See previous story on a political party's call for public to buy shares in the nationalised island ferry operator.

Published in Ferry

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RC35 Class

The concept of the RC35 Class is to bring together similar boats within a close handicap banding and to work with owners and crews to develop the best racing experience possible on the Clyde and the Irish Sea area. The Class is within a tight rating band (IRC 1.015-1.040) yacht racing will be in Scotland, Ireland and Wales.

Q: What is the RC35 ‘Rule’?
A: Qualifying yachts for the RC35 Class will sit within an IRC Banding of 1.015 to 1.040. In 2017 it is proposed that a tolerance of +/- 0.05pts will be permitted

Q: Are there any other criteria?
A: RC35 takes the most prevalent IRC racing boats on the Clyde and groups them within a fixed rating band. Qualifying boats will have an LOA 32ft—38ft and displacement of between 3,000kg—9,000kg. The rule also requires boats conform to ISAF Cat.4 be anti-fouled and not dry sailed. A limit of sail purchases (2 per year) also applies.

Q: What is the RC35 Championship?
A: The RC35 Championship will cover 8 events (6 to count) and include events such as Scottish Series, Dun Laoghaire/Bangor and an RC35 Championship weekend. Each year the Class will make a commitment to one ‘away’ regatta as part of the Championship.