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Displaying items by tag: Ringaskiddy ferry terminal Cork

#FERRY NEWS-A High Court judge has agreed to continue court protection for the companies operating the Cork-Swansea ferry service to allow for finalisation of a survival scheme, reports The Irish Times.

Mr Justice Peter Kelly said yesterday he was satisfied to extend the protection period for the companies to January 24th next.

The extension of time was sought by Declan Murphy, for the companies' examiner Michael McAteer, to allow time for an investment agreement to be signed and a survival scheme put before meetings of creditors.

Fastnet Line Ship Holdings Ltd (100 per cent owned by the West Cork Tourism Co-operative Society Ltd) and related companies operating the ferry service using the M.V. Julia (1981/22,161grt) from the ferry terminal at Ringaskiddy, Co Cork, secured court protection last month.

Later Noel Murphy, chairman of the West Cork Tourism Co-Operative Society, said they had outlined the urgent funding required to secure the future of the service, which will allow them to present a financial proposal to the examiner in early January.

To date €673,000 has been raised by individual donors, customers, shareholders and local businesses, leaving just under €1 million to be raised.

Published in Ferry

Dublin Bay Sailing Club (DBSC) is one of Europe's biggest yacht racing clubs. It has almost sixteen hundred elected members. It presents more than 100 perpetual trophies each season some dating back to 1884. It provides weekly racing for upwards of 360 yachts, ranging from ocean-going forty footers to small dinghies for juniors.

Undaunted by austerity and encircling gloom, Dublin Bay Sailing Club (DBSC), supported by an institutional memory of one hundred and twenty-nine years of racing and having survived two world wars, a civil war and not to mention the nineteen-thirties depression, it continues to present its racing programme year after year as a cherished Dublin sporting institution.

The DBSC formula that, over the years, has worked very well for Dun Laoghaire sailors. As ever DBSC start racing at the end of April and finish at the end of September. The current commodore is Eddie Totterdell of the National Yacht Club.

The character of racing remains broadly the same in recent times, with starts and finishes at Club's two committee boats, one of them DBSC's new flagship, the Freebird. The latter will also service dinghy racing on Tuesdays and Saturdays. Having more in the way of creature comfort than the John T. Biggs, it has enabled the dinghy sub-committee to attract a regular team to manage its races, very much as happened in the case of MacLir and more recently with the Spirit of the Irish. The expectation is that this will raise the quality of dinghy race management, which, operating as it did on a class quota system, had tended to suffer from a lack of continuity.