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Irish Continental Group, parent company of Irish Ferries has reported higher revenues and earnings for the year to the end of December, as its new ferry, the W.B.Yeats, came into service.

As according to RTE News, ICG's revenue for the year increased by 8.2% to €357.4m, while its earning before interest, taxes, depreciation and amortisation rose by almost 27% to €86.8m from €68.4m.

Overall group operating profit (EBIT) for the year increased by 8.2% to €64.9m and the company said it is proposing a final dividend of 8.99 cent, an increase of 5%.

Shares in the company sailed over 4% higher in Dublin trade this morning.

For more including ICG's container shipping divisions click here.

Published in Ferry

Waszp sailing

The Waszp project was conceived in 2010 by Andrew McDougall, designer of the world-beating Mach 2 foiling Moth. 

The Waszp was created as a strict one-design foiler, where, as the class says “the true test when raced is between crews and not boats and equipment”.

The objective of the class rules is to ensure that this concept is maintained. Keeping possible modifications to a minimum ensures fair racing across the fleet, helps to reduce the overall cost to the sailor and reduces the amount of time in the workshop. 

The popularity of the WASZP has proven that the boat and the concept work. In October 2021, 1237 boats had been sold to over 45 countries. 

The top speed recorded on the foiling dinghy is 26.7 knots. 

60-95kgs+ is a weight range competitive across varied conditions with rigs knowns as ‘8.2’ and ‘6.9’.

The cost of a Moth dinghy in Europe is €14,400 inc VAT + shipping according to the manufacturers in October 2021.