|
NEWS BULLETIN
September
2004
|
| September
26 |
| Acknowledgements:
Gary Andrews, Ian Collard, Tommy Dover, John Godsell and Alex McCormac
and "others" |
| NOTES
& NEWS
The weather continued
to provide interest this week disrupting sailings by a number of Irish
Sea operators. Particularly hard hit was the Isle of Man Steam Packet
company whose SUPERSEACAT TWO and SEACAT ISLE OF MAN sailings were significantly
disrupted. If the LADY OF MANN had already returned from her Açor Line
charter things may have been a little different. However, though the
ship is due to return early October, her future is looking more
uncertain than ever with rumours circulating that she will be withdrawn
at the conclusion of TT 2005.
A spell of adverse
weather, such as that recently experienced, emphasizes the problems of
excessive reliance of fast vessels with restricted wave height operating
parameters. Given that the BEN-MY-CHREE managed to maintain her
sailings, though with some delays due to extended crossing times,
perhaps thought should be given to ensuring that the LADY OF MANN is
eventually replaced by a fast conventional vessel and that further
reliance is not placed on fast craft at a time of year when conditions
may cause service disruptions.
UPDATES
There have been a
number of updates posted during the past week - please check
"What's New" for details.
ISLE OF MAN STEAM
PACKET COMPANY
Weather caused significant disruption
this week to SUPERSEACAT TWO and SEACAT ISLE OF MAN.
On Friday evening SUPERSEACAT TWO
sailed for Douglas. However, she was unable to return to Merseyside
until she was able to run light on Tuesday afternoon.
SEACAT ISLE OF MAN also missed a
number of sailings. She attempted to run to Belfast on Tuesday morning
having missed the Monday afternoon crossing. An observer reported her
passing off Laxey around 07:55. However, she was forced to turn about
off the Point of Ayre after encountering heavy seas and was noted back
at Douglas before 09:00.
SEACAT ISLE OF MAN
REPLACEMENT
Rumours continue. There has been
suggestion that Incat 046 THE LYNX may very well be the vessel chartered
to replace the aging SCIOM.
This vessel operates for Interisland
Ferries - New Zealand. As THE LYNX vessel operates seasonally she would
be available during the northern hemisphere summer.
Then again there are rumours of
vessels in Canada being considered! It all adds up to an interesting
period of speculation pending any announcement. Though one or two
observers of the Irish Sea scene even consider that nothing may change
for next year's season! Time will tell!
LIVERPOOL - DUBLIN
SPECIAL OFFER £79.00 Car + 4
The company is offering a special
£79.00 any length of stay crossing for a car and up to 4 passengers on
the Liverpool - Dublin route until the end of the season on November 1.
The offer is being run via
advertisements placed in the Liverpool Echo. Bookings are to be made via
Travelbreak NI and not the Isle of Man Steam Packet Company.
Bookings are by phone only and
must be made by phoning Travelbreak NI on 0870 443
0360, quoting 'Liverpool Echo Ferry offer'. Lines are open 09:30 to 17:30
Monday to Friday and 10:00 to 13:00 on Saturday. There are NO tokens to
collect, therefore it is open to anyone.
Intending passengers are advised to
have preferred dates of travel available before calling. They should
also have an alternative date in case the first choice is not available.
This is probably the best deal on
Irish Sea crossings this autumn.
NORSE MERCHANT FERRIES
LAGAN VIKING had a technical problem
this weekend which resulted in her passengers having a much longer stay
on board than usual.
The ship departed Twelve Quays,
Birkenhead on Friday morning for her crossing to Belfast. However, on
arrival on Belfast it was discovered that a bolt securing the stern ramp
had jammed.
Over 50 passengers and the ship's crew
along with vehicles were unable to disembark.
An attempt was made early on Saturday
to open the door, but the attempt had to be abandoned when the berth was
required. LAGAN VIKING put out into Belfast Lough.
Engineers from Harland and Wolff were
eventually able to open the stern door after cutting the bolt.
The ramp eventually came down at about
1430 BST on Saturday, after engineers managed to remove the lock using
specialist cutting equipment.
A report on BBC Northern Ireland
revealed that most of the passengers thought the incident had been well
handled and that they had been well looked after, though some lorry
drivers were reported as being angry due to time being lost.
SAGA MOON operated sailings from
Birkenhead to Dublin on Saturday and Sunday - September 25/26 whilst
BRAVE MERCHANT was switched to the Belfast service to cover for LAGAN
VIKING.
PENINSULAR & ORIENTAL STEAM
NAVIGATION COMPANY
SUPERSTAR EXPRESS - entered A&P
Birkenhead wet basin for winter lay-up on Wednesday September 22, 2004
The long awaited restructuring of the
company's UK ferry services will be announced on Tuesday September 28 at
09:30.
There is intense speculation as to
what will happen to the company's route with rumours of over 1000 job
losses being circulated in the media.
On the Irish Sea the future of the
Liverpool - Dublin service, which the company had wanted to sell to
Stena Line, is the main focus of interest.
WICKLOW & EAST
COAST PORTS
WICKLOW
Coaster
callers over the last 2 week's included SCOT VENTURE , ANKE ,
UNION EMERALD , KEEPER and SCOT MARINER
The
LE AISLING ( P23 ) sheltered in the bay overnight along with a tanker.
Traffic
in the bay included liner FUNCHAL northbound for
Dublin
, ARKLOW CASTLE in from
Spain
for
Dublin
. Tankers TARNLAND and SEVERN FISHER bound for
Dublin. The tall ship JEANIE JOHNSTON under sail in the bay out of Dun
Laoghaire, the French Auxiliary Navel vessel D'ENTRECASTAUX, A 52' Arun
type lifeboat on passage south,
ARKLOW
PORT
Tugs
noted working on the wind farm recently were Holyhead Towing's AFON CEFNI
and NORTH STACK ( ex KINNEL - 03 KINGHOW - 02 )
IRISH
SEAFARERS ANNUAL NATIONAL COMMEMORATIVE SERVICE
The Annual National Commeration
Services for Irish Seafarers hosted by the Maritime Institute of Ireland
will be held on Sunday 21st November 2004 opening with 11:30am Mass at
City Quay Church, Dublin.
This well be followed by wreath laying
at the Irish Merchant Seamens' National Memorial, Memorial Bridge.
There will then be refreshments in
the Church Hall attached to CityQuay The
Dublin port tug, the CLUAIN TARBH" will carry the wreaths out and
lay them at sea in Dublin Bay.
Evensong will be held at St.Patrick's
Cathedral at 15:15. The text
of last year's sermon can be found at: http://www.mii.connect.ie/sermon.html
all are invited
ISLES OF SCILLY STEAMSHIP COMPANY
The company's two DeHavilland Otter
aircraft have been in the news this week. The Cornishman reported that
one of the aircraft was damaged at St.Mary's Airport by a manoeuvring
fuel tanker. A wing was clipped causing damage to the tip. This had to
be returned to the mainland by SCILLONIAN III for repairs.
On Saturday www.scillynews.co.uk
the St.Mary's to Newquay flight was forced to divert Exeter Airport to
make an emergency landing after problems were experienced with the
starboard engine.
MOD POLICE DEVONPORT
The MOD police force patrolling Devonport Naval
base and surrounding waters will be increased to 69 with the addition of
18 officers and two civilians. The increase in manpower is to combat the
increased threat of terrorist attack. The MoD Police patrol 112 miles of
water from Ernesettle to Rame Head as well as the naval base itself.
PORT OF LARNE
The Port of Larne has walked away from the
Transport and Logistics Awards 2004 with the prestigious title
"Irish Port of the Year."
Beating off stiff competition from a short-list
which included Belfast and Dublin Ports, the port secured the impressive
accolade at an awards ceremony in the Ramada Hotel.
A delighted Mr Alastair Gardiner, Managing
Director, Port of Larne
commented: "The Port of Larne is one of
the major ro-ro ports in the UK and Ireland. Winning Irish Port of the
Year is confirmation of this. The key to our success is our commitment
to customer service. We are totally focused on our customers needs and
adopt a flexible approach to business. We work closely with all our
customers to ensure that their requirements are met. This philosophy is
the cornerstone of our success."
Customers at the Port of Larne include two top
shipping companies, P&O Irish Sea and Stena Line as well as Wincanton
Distribution, P&O Ferrymasters, Fry Transport, Marsh Freight and
Barline Transport.
The judging panel highlighted recent
developments at the Port of Larne which has seen the return of Stena to
operate the Larne-Fleetwood route, the development of the Larne-Troon
fast ferry service and the arrival of the first ever cruise ship to
Larne.
Mr Gardiner continues: "The Port of Larne
has seen major developments over the past twelve months. Stena Line
returned to Larne in April and has reported that the Larne-Fleetwood
route has contributed positively to a 44% increase on its Irish Sea
business while P&O Irish Sea's Larne-Troon fast ferry service has
recorded a year-to-date increase of 21% on the number of passengers and
7.1% on the number of vehicles using this route. We entered the cruise
market for the first time ever with the arrival of mv Funchal in May and
with further cruise vessels booked, we have taken a positive step in
developing this market in the future."
Over 800,000 passengers, 450,000 commercial
vehicles and 200,000 tourist vehicles will use the port in 2004 with
P&O Irish Sea and Stena Line operating up 32 scheduled movements
daily to Cairnryan, Troon and Fleetwood.
"The Port of Larne is an exceptionally
busy port," adds Mr Gardiner, "and our success is a credit to
all our staff who show total dedication and commitment. I would like to
pay tribute to everyone and thank them for the part they have played in
ensuring that the Port of Larne is the Irish Port of the Year
2004." |
| September
19 |
| Acknowledgements:
Ian Collard and "others" |
|
NOTES
& NEWS
A
fairly lightweight update this weekend due to lack of news. I have used
the opportunity to catch up with posting some remaining Devonport Navy
Days photographs. All that remains to post of this event were those
taken on my visit to the historic South Yard which I will hold over or
another quiet week.
ISLE OF
MAN STEAM PACKET COMPANY
SUPERSEACAT TWO cancelled
her Dublin and Douglas sailings on Thursday due to adverse conditions.
SEACAT ISLE OF MAN also
cancelled her Thursday afternoon round trip to Dublin due to adverse
conditions.
INCAT 057 - Rumours
remain strong regarding the charter of this vessel in 2005 as a
replacement for SEACAT ISLE OF MAN and LADY OF MANN. It looks as though
SEACAT ISLE OF MAN is in her last days of Steam Packet service and will
be offered for sale. LADY OF MANN continuing in service until TT
2005,
ELLAN
VANNIN
The schooner ELLAN VANNIN
[ex SOUTHERN CROSS] which spent some time in the 1990s in the Albert
Dock Liverpool sank on Thursday at Whitehaven.
After leaving the Albert
Dock the ELLAN VANNIN made its way to Douglas where she spent some time.
She eventually returned to Liverpool and earlier was noted in Sandon
Dock.
In high winds on Thursday
she was swept out to sea and onto rocks. The local newspaper reports
that the town's harbour master and HM Coastguard observed the vessel
being fended off the North Wall of the port before she drifted, under
heaving seas, onto the beach at Whitey Rock, between Whitehaven and
Parton.
Looking like a latter day
Mary Celeste the old sailing vessel had slowly drifted to her doom.
She had torn herself free
of her moorings as she was tied up and left unattended near the Sea
Cadets base, the TS Bee. Among those watching the drama unfold were
young people from the West Cumbrian NACRO team who had been intending to
start work on the vessel that very day.
NACRO team leader,
Michael Cullum, said he was heartbroken to see the ship founder. The
ship's owner Tommy Doyle was nowhere to be found as the Whitehaven
Harbour staff tried desperately to contact him.
The old schooner, was named after
a tragic steamer that sank in Liverpool Bay, in 1909, claiming 36 lives
and which was immortalised in a well-known folk song by the Liverpool
group, The Spinners.
Monitoring the situation on
Thursday, harbourmaster Mr Foskett told the Workington lifeboat, which
had scrambled, to stand down, as there was no threat to life or
shipping.
ROYAL
NAVY
HMS WALNEY - The Western
Morning News reported on September 18 that the Sandown Class Mine
counter measures ship has been called in to assist police investigations
of a drowned Cornish parish councillor who was known to have an interest
in the occult.
The body
of 56-year-old Peter Solheim was recovered from the sea by fishermen
five miles off Black Head, on the Lizard Peninsula.
A post-mortem examination revealed the cause of death was drowning - but
Mr Solheim also had suspicious "unexplained injuries".
Now the Portsmouth-based minesweeper HMS Walney has been searching the
seabed east of the Lizard as part of the ongoing inquiry.
Devon and Cornwall police asked the Navy to search the area of the
seabed where Mr Solheim's body was found.
According to a police spokesman the warship is using her
remote-controlled submersibles and mine-hunting sonar to search for
anything unusual on the seabed that might help the police inquiry.
Mr Solheim, from Carnkie, was last seen getting into his small white
dinghy Izzwizz with an unidentified man at Mylor harbour, near Falmouth
on June 16.
His boat was found adrift in the harbour with its key in the ignition
the following day. On June 18 his body was pulled from the sea.
Police later launched a murder hunt after calculations showed that it
was ''not feasible" that Mr Solheim's body could have floated from
Mylor to the spot where it was found, a distance of around 13
miles.
|
| September
15 |
| Acknowledgements:
Gary Andrews, Ian Collard, Alex Mc. Cormac and "others" |
|
ISLE OF MAN
STEAM PACKET COMPANY
SEACAT ISLE OF MAN -
adverse weather conditions on September 14 disrupted sailings. The 06:00 SEACAT ISLE OF MAN sailing to Liverpool
was delayed due to adverse weather.
She eventually departed
Douglas at 07:50 and
arrived at Liverpool around 10:50. Conditions were so bad on the Mersey that
the Adsteam tug COLLINGWOOD was required to try and restrain the link span
pontoon which was pitching heavily to allow vehicles to discharge from SEACAT
ISLE OF MAN.
After discharging SCIOM departed back to
Douglas around 12:50 light ship - passengers having been diverted via Heysham. However, on venturing out into a stormy Liverpool Bay,
SEACAT ISLE OF MAN did an about turn and retreated into the Mersey where
eventually entered Langton Lock where she remained overnight before departing
on Wednesday morning to take up her schedule with the 10:30 Liverpool to
Douglas. SEACAT ISLE
OF MAN resumed service on Wednesday September 15 with the 10:30 sailing
from Liverpool. Unfortunately this sailing also had to put back to
Liverpool this time due to a passenger taking ill. She eventually reached
Douglas mid-afternoon.
SUPERSEACAT TWO - due to
adverse weather sailings were cancelled on September 14.
SEATRUCK
FERRIES
Irish Sea freight ferry operator
Seatruck Ferries has been voted "Irish Sea Shipping Line of the
Year". Seatruck Ferries received the award at the annual All Ireland
"Transport & Logistics Awards" at the Ramada Hotel in
Belfast on Friday, 10 September. The champagne breakfast in Belfast was
attended by over 500 of the key players in the Irish transport industry,
The award was open to any shipping
operation that sails into Ireland, including all ferry operations,
container, bulk and liquid carriers.
Seatruck made it into the final
three, with P&O Irish Sea and Stena Line also in contention. During
the presentation ceremony Seatruck was praised for running an excellent
operation, with a number of extremely favourable customer comments finally
convincing the independent judging panel that Seatruck should be given the
winning vote.
The award was presented by Ireland's
leading transport journal, 'Export & Freight', and was sponsored by
HSBC.
Seatruck is widely recognised within
the haulage community as providing unparalleled levels of service to its
freight clients, who value the customer-focused approach of the close-knit
Seatruck team. The company has gained a reputation for maximising results
in what has been, and continues to be, a highly competitive market place.
By focusing on the needs of the
freight industry, Seatruck Ferries provides efficiency and reliability
with a friendly personal touch. In carefully choosing terminal locations
that are not prone to major congestion problems, Seatruck Ferries'
customers are able to maximise the efficiency of their operations while
still taking advantage of easy links to the industrial heartland of both
Ireland and England.
Excellent road links from
Warrenpoint, coupled with increasing congestion in ferry terminals
elsewhere in Ireland, has seen hauliers take a fresh look at their
operations. Warrenpoint is not only an ideal base for ferry operations but
can also offer warehousing and ancillary services at non-city-centre
prices.
General Manager Alistair Eagles
comments, "This is fantastic news for Seatruck. Winning this award
against such quality opposition was a real 'giant killing' for us.
Seatruck Ferries has proved that it is possible to run a successful ferry
route by focusing on what freight customers actually require; that is a
no-frills, low-cost method of moving their units reliably on a year- round
basis. The continued growth of the service has been made possible by the
enthusiastic Seatruck team. We are a young company who enjoy what we
do."
Seatruck is now looking to increase
capacity on the route. Larger, faster vessels will provide additional
space for its customers and provide the opportunity for more new customers
to experience the benefits of the route.
Seatruck is also examining other
route opportunities where it can successfully mirror the high-quality,
low-cost operation pioneered in Warrenpoint.
NORSE
MERCHANT FERRIES
NorseMerchant Ferries boosts freight
capacity on its Birkenhead - Dublin route with a third daily sailing
NorseMerchant Ferries has responded
to market demand for increased trailer capacity between North-West England
and the Republic of Ireland by adding a third vessel to its Birkenhead -
Dublin service. With a capacity of approximately 70 trailers, the
newly-chartered Leili will provide over 400 additional spaces per week in
each direction on this route when she enters service in October.
A sister vessel to NorseMerchant's
Varbola, currently operating on the Heysham - Belfast route, Leili can
also carry 12 driver accompanied units.
Sailing from Birkenhead at 03.00hrs,
Leili will arrive in Dublin at 11.00hrs, enabling same day delivery. The
return sailing from Dublin at 15.00hrs will arrive in Birkenhead at
23.00hrs, allowing next day deliveries throughout the UK.
This additional freight sailing
complements the existing twice-daily sailings offered by Brave Merchant
and Lindarosa.
Declan Cleary, NorseMerchant's Sales
and Marketing Director, expects the strong demand for capacity to
continue:
"There is currently a very high
level of demand for space on the Birkenhead - Dublin route. This demand is
strengthening as logistics and transport operators assess the impact of
significant and sustained increases to the price of fuel, and recognise
the cost benefit of using the long sea option that we provide.
"The additional sailings are
designed to accommodate later running traffic on the 03.00hrs departure
from Birkenhead, and still facilitate next-day deliveries in Ireland. We
are very pleased to have secured the charter of Leili, which allows us to
respond quickly to this demand. With her speed and capacity, Leili is
ideally suited as a third vessel on the Birkenhead - Dublin route."
NorseMerchant will be bringing even
more capacity to the Birkenhead - Dublin route in 2005, explains Mr
Cleary:
"We announced last month our
intention to switch our two Ro-Pax ships Lagan Viking and Mersey Viking
from Belfast to the Dublin route when we take delivery of two new
buildings
in July and December 2005. These ships will offer 20% more freight
capacity than Brave Merchant and Lindarosa provide at present, as well as
offering a twice-daily passenger and driver accompanied service."
MARITIME
& COASTGUARD AGENCY
RESCUE
OF SURVIVORS FROM LIFERAFT AFTER EIGHT DAYS AT SEA
At 9.18 on Wednesday
September 15, 2004 Falmouth Coastguard received a mobile 999 telephone
call via colleagues at Brixham Coastguard reporting the location of five
survivors on board a liferaft from the Irish 60 foot converted ketch INIS
MIL.
The vessel had been unreported for five days and was on passage from
Ireland to France via the Isles of Scilly, but upon recovery it transpired
that the survivors had been in the liferaft for eight days.
The `INIS MIL’ had been the subject of a lengthy investigation after
having been reported overdue to the Irish authorities. UK, Irish, French
and Channel island search and rescue authorities had been involved in the
search for the past five days. Brixham Coastguard had also been involved
in searching for the survivors during the past few days.
The liferaft was located off Trevose Head by a rescue helicopter with the
five survivors on board. Falmouth Coastguard co-ordinated Coastguard
rescue teams from St Merryn, a Naval rescue helicopter and lifeboats from
Padstow and Newquay to initially search for the liferaft.
All the survivors have now been transferred to the Royal Cornwall Hospital
at Treliske.
Falmouth Coastguard Watch Manager Martin Bidmead said:
“Considering the weather conditions over the past week we consider these
survivors to be very lucky. No distress alert was received from the vessel
prior to the mobile telephone call.” |
| September
12 |
| Acknowledgements:
Gary Andrews, Chris Brindle, Michael Pryce, NSL, Seascapes, Tommy Dover
and "others" |
|
NOTES
& NEWS
This
weekend's news update follows. A midweek new update was posted on
September 08. There were also several other updates during the week.
Check "What's New" for details.
Next
scheduled update is next Sunday, however, it is likely that another
update will be posted during the week.
NORTH
WESTERN SHIP REPAIRERS
BLACK ROVER [A273] - the
small fleet tanker which departed earlier this week returned to West
Float and berthed outside of NSL yard after completion of successful
sea-trials. She will re-restore and depart later this month.
NSL has secured another MoD contract for the refit of
Landing Ship Logistic, SIR GALAHAD [L3005]. The ship is expected to
arrive at Bidston on or around September 27th for
a 4-5 week refit.
Canada
Dry-dock is presently occupied by Mersey Venture undergoing annual
maintenance and tail shaft repairs
MARITIME
ATTRACTIONS UK
Chris
Brindle has recently completed a major update of the Maritime Britain
web site. This is a guide to maritime attractions in the UK.
The
site (whose data is compiled by RMS Windsor Castle Chair - Alex
Naughton) now boast 413 individual pages of information about maritime
attractions in the UK including museums, ships - static and operational,
piers and more. The site also has over 60 pages of information about
Maritime Organisations in this country as well as over 170 links to
British commercial organisations on the links pages.
CARMET
TUGS
VANGUARD
- its is reported that the salvage company Titan
Marine has been awarded the contract to remove the wreck of the Vanguard
from the Island of Rona.
STENA
LINE
On
September 8 fire fighters were called to the Stena Terminal at Holyhead
just prior to midnight when 15 boxes were reported to be leaking benzyl
butyl phthalate a toxic chemical used to make vinyl flooring. The lorry
was in an isolated area designated for hazardous cargo. The fire brigade
reported no pollution and used environmental protection equipment to
deal with the spill.
WICKLOW
& EAST COAST NOTES from
Tommy Dover
WICKLOW PORT
Coaster callers this week
included MAREIKE , CROWN ALIZEE and SCOT EXPLORER making her first call
to the port.
Traffic in the bay
included the liner FUNCHAL northbound for
Dublin
, HOHEBANK,
THULE
and JOPI back working on the sea defence at Bray head .
Wicklow lifeboat had a
busy week with 2 shouts, the first to a French yacht with a rope caught
in her propeller and then a whelk trawler with mechanical problems.
Wicklow Sailing Club held
a 2 day sailing Regatta in the bay over the weekend.
CORK
INSTITUTE OF TECHNOLOGY / PORT OF CORK
CILL
AIRNE - The former Cork Harbour tender was sold at auction in Cork
for €76,000 by Auctioneer, Dominic Daly, on behalf of the Cork
Institute of Technology which had used her in recent years for training
nautical students. She has been bought by two Cork businessmen - John
Daly and Gerard Long - who intend to turn her into a floating bar and
restaurant in the port, specifically for next year when Cork becomes the
European city of Culture. Built at the Liffey Dockyard in Dublin,
she was launched in 1963.
The
sister ship of the CILL AIRNE - the BLARNA - is for sale in the
United States. She left Cork to become a tender in Bermuda, was renamed
the CHAUNCEY M DEPEW and went from there to Canada where she was
re-named again as the GOBLET D'ARGENT II under which name she is now for
sale.
RTÉ
SEASCAPES
The
excellent weekly nautical magazine broadcast by RTÉ and presented by
Tom MacSweeney can now be received in the UK on LW 252. Recordings of
past programmes can be listened to at www.rte.ie/radio1/seascapes/.
You can also listen live via the RTÉ site on Thursday evenings at
19:30.
COMMISSIONERS
OF IRISH LIGHTS
The
Conningbeg and South Rock Lightships will be off service for maintenance
during September.
South
Rock will be withdrawn on Friday September 24 for a period of around one
week.
Conningbeg
Lightship was withdrawn on September 5 for approximately 30 days. Buoys
will be deployed during the period that the lightships are off station.
IRISH
CONTINENTAL GROUP
This
week ICG the parent company of Irish Ferries issued its preliminary
statement for the six month period until June 30.
Key Points
|
|
30 June 2004
|
30 June 2003
|
|
Turnover
|
€135.8m
|
€136.9m
|
|
EBITDA
|
€16.4m
|
€18.2m
|
|
EBIT
|
€4.2m
|
€5.5m
|
|
EPS
|
5.1 cent
|
5.3 cent
|
|
Premium on
redemption of redeemable shares
|
8.625 cent
|
7.5 cent
|
|
Net Debt
|
€127.0m
|
€125.0m*
|
|
Share Buybacks
|
€6.4m
|
€7.9m
|
*at 31 December 2003
Comment
In comment, Chairman, John
McGuckian said,
"Despite a challenging
environment we have achieved EPS broadly in line with the previous year.
As is normal the bulk of our earnings are generated in the summer and
trading to date in the peak season has been encouraging with growth in
both car and freight volumes. The successful negotiation of new rosters
with our seagoing employees is a positive development going forward.
Although the first half of the year has been more difficult than we had
anticipated, based on summer trading we remain cautiously optimistic on
the outlook for the year as a whole"
PRELIMINARY STATEMENT OF RESULTS
FOR THE SIX MONTHS TO 30TH JUNE 2004
RESULTS
The Board of Irish Continental
Group, plc (ICG), reports that in the seasonally less significant first
half of the year, the Group recorded EPS of 5.1 cent compared with 5.3
cent in the corresponding period in 2003. Turnover for the half year was
€135.8 million (2003: €136.9 million restated for FRS5). There was
an operating profit of €4.2 million, compared with €5.5 million in
the same period in 2003. The interest charge fell from €3.6 million to
€2.8 million resulting in profit before tax of €1.4 million compared
with €1.9 million in the first half of 2003. The tax charge was €0.2
million (2003: €0.6 million).
The Board has now decided to
redeem one redeemable share per ICG unit for a cash consideration of
8.625cent per redeemable share. This will be paid on 5 November 2004 to
shareholders on the register at 8 October 2004. Accordingly no interim
dividend will be paid. The consideration per redeemable share represents
an increase of 15% on the interim redemption premium of 7.5 cent paid
last year.
OPERATIONAL REVIEW
Ferries and Travel Division
The division comprises Irish
Ferries, a leading provider of ferry services between Ireland and both
the UK and Continental Europe, Tara Travel, a travel services company
specialising in travel to Ireland, and the chartering of multipurpose
ferries to third parties.
Turnover in the division was
€71.5 million (2003: €71.9 million). Operating profit in the
division was €3.8 million (€3.6 million in 2003).
Irish Ferries’ core tourist
business is car tourism and total cars carried were 165,000 (2003:
174,000). Total passenger numbers were affected by a decline in the foot
passenger market and we recorded an 8% drop in overall passengers to
691,000.
Internet sales continue to develop
strongly and our year-to-date bookings on the web are up over 40% on the
previous year. Internet bookings now account for 36% of passenger
bookings.
In the Roll on Roll off freight
market we continue to grow, with our volumes up 6% to 100,000 units.
There have been a number of developments in the competitive environment
in the RoRo sector. One competitor on the long routes from Ireland to
the UK has finally emerged from bankruptcy protection, while another
competitor, also on the long routes, has closed the Dublin-Mostyn route.
This reinforces ICG’s strategy of concentrating capital on the short
routes where maximum utilisation of assets can be achieved.
We have concluded the process of
consultation with our workforce with the aim of generating cost savings
to reflect the competitive environment in which we are operating. The
process is designed to bring our labour costs into line with those of
our competitors who have had the benefit of lower wage inflation rates
than Ireland’s over the last number of years. Tangible benefits will
be achieved in the second half of the year through changes in work
practices and further benefits will be achieved through new roster
arrangements.
Arising from the sustained rise in
world oil prices we have reluctantly introduced fuel surcharges with
effect from July. If fuel prices return to their lower historical levels
these surcharges will be removed.
In ship chartering both the Pride
of Bilbao and Pride of Cherbourg (formerly Isle of Innisfree) remain on
charter to P&O, servicing their Spanish and French destinations from
Portsmouth.
Container and Terminal Division
The division includes our
intermodal freight services Eucon, Feederlink and Eurofeeders as well as
our strategically located container terminal in Dublin, DFT.
Turnover in the division was
€64.7 million (2003: €65.0 million). Operating profit was €0.4
million compared with €1.9 million in 2003. The main reason for the
decline in profits was the substantial delay in the opening of our
terminal extension in Dublin Port. The commissioning of our new terminal
in DFT, which was planned for early in the year, was delayed until June
2004 by external circumstances leading to substantial additional costs
and lost revenue. This terminal is now fully operational and will
benefit the second half of the year.
Total containers shipped were up
7% to 252,000 teu.
The competitive environment
remains challenging, with freight rates, particularly for eastbound
(i.e. export) cargo from Ireland, at substantially lower levels than
last year. Some increases have been achieved in westbound rates but
these remain inadequate.
FINANCE
Depreciation and amortisation in
the half year was €12.2 million (2003: €12.7 million), while EBITDA
for the 6 months amounted to €16.4 million (€18.2 million in 2003).
Cash flow from operations rose to €21.1 million from €18.8 million
in the corresponding period in 2003. Capital expenditure in the period
was €8.3 million (2003: €9.7 million), principally maintenance
capital expenditure on our vessels and investment in information
technology.
During the period the Group
purchased 0.5 million shares for a total expenditure of €6.4 million.
This brings the number of shares in issue to 23.5 million compared with
24.0 million at 30th June 2003.
The average interest cost in the
period was 4.4% compared with 4.6% in the first half of 2003. Net debt
at the end of the period amounted to €127.0 million. This compares
with €125 million at 31 December 2003.
The accounting policies used in
the preparation of these interim results are the same as in 2003, with
the exception of the adoption of the amendment to FRS5 Reporting the
substance of transactions, whereby the Group now presents turnover
earned while acting in the capacity of agent on a net basis. In line
with other plcs the Group will be changing to International Financial
Reporting Standards (IFRS) in 2005. Further information on the impact of
IFRS is set out in note 7 to the financial statements.
In 1997 a refund scheme for
employer contributions of social costs (PRSI) for seafarers was
introduced, bringing Ireland into line with the practice in many other
EU countries. (In the UK, seafarers in international waters are
effectively exempt from National Insurance). This was introduced for a
four year period up to 2000 and subsequently extended up to 31 December
2003. We are in consultation with Government on an extension of the
scheme which, up to now, has enabled Irish Ferries to compete with other
EU flagged vessels employing crew who do not pay social charges. Our
expectation is that the scheme will be renewed, enabling us to continue
to compete fairly with foreign flagged competition.
OUTLOOK
The peak tourist season, which is
the most important period for us, has been encouraging with our car
volumes up 3.5% since 1st July, compared with the same period in 2003.
Freight volumes are also up in the
second half to date by approximately 5%. The container freight market in
particular remains extremely competitive.
We have successfully renegotiated
the rosters of our seagoing staff which will deliver a substantial
reduction in costs on the Irish Sea in the second half of the year and
in subsequent years. In the increasingly competitive environment in
which we are operating further cost savings will be necessary. Our DFT
Terminal is now fully operational and we expect a substantial
improvement in performance going forward.
At an industry level there has
been a welcome reduction in capacity among the freight operators on the
long sea routes. With our concentration on the more efficient short
routes into Ireland we are well placed to benefit from such a capacity
change and we look forward to the remainder of the year with confidence.
ISLE
OF MAN DEPARTMENT OF TRANSPORT
Passenger figures
compiled by the Harbours Division for July 2004 at 85,367 show a 2.7%
increase on the figure for the same period in 2003 which was 83,050.
The year to date
figure at 386,847 passengers shows a 1.2% decrease over the same period
in 2003 which was 391,420.
During July, car
and motorcycle traffic through Douglas Harbour increased by 0.6% from
18,145 vehicles to 18,246 vehicles.
The year to date
figure at 105,912 vehicles shows a 1.5% decrease over the same period in
2003 which was 107,508.
Scheduled
Routes show the following changes in passenger numbers for July:-
|
Route
|
Change
|
From
|
To
|
|
Belfast
|
Plus 10%
|
5,665
|
6,222
|
|
Dublin
|
Minus 2%
|
4,118
|
4,023
|
|
Heysham
|
Plus 9%
|
26,157
|
28,538
|
|
Liverpool
|
Minus 4%
|
45,151
|
43,325
|
Director of
Harbours, Captain Michael Brew comments:
“July 2004 passenger
figures are the best since 1989 and follow on from excellent June
figures. Whilst the high levels of growth shown in recent years is not
apparent this year, overall traffic levels remain broadly similar to
last year which was the best year for sea passenger traffic since
1984.”
|
| September
08 |
| Acknowledgements:
Ian Collard, Edwin Wilmshurst, Michael Bracken, Kevin Bennett, Gary Andrews, John Williams
and "others" |
|
ISLE OF
MAN STEAM PACKET COMPANY
SEACAT ISLE OF MAN - on
September 05 rescued three youths from Northern Ireland who
had
become lost whilst trying to sail to Bangor in an inflatable boat.
The youths became lost in
for off the Galloway coast, Scotland and were sailing in the wrong
direction towards the Solway Firth.
The rescue operation was co-ordinated
by Belfast and Liverpool Coastguard, after the youths had raised the
alert by text message.
Lifeboats were launched from the
Isle of Man and Portpatrick in Scotland. A rescue helicopter was
scrambled from RAF Prestwick.
The youths were located after a
flare they had fired was spotted by SEACAT ISLE OF MAN.
Colin Brown, watch manager for
Liverpool Coastguard, said the SeaCat resumed its passage to Belfast,
where the youths were reunited with their families.
Their inflatable boat was
recovered by a lifeboat crew who took it to Portpatrick.
Mr Brown said: "I would like
to thank all the units that have been involved and put out a strong
safety message to anyone taking any type of vessel out on the water that
they must be properly prepared and always remember to check that their
vessel is fully seaworthy before setting out and that safety equipment
is carried on board including VHF radio, lifejackets and flares, as it
could mean the difference between life and death."
As for SEACAT ISLE OF MAN
herself speculation is continuing as to what may eventually replace this vessel in
2005. The favourite in the frame once again appears to be INCAT 057
though she may only prove to be a medium term interim replacement.
CARMET
TUG COMPANY
VANGUARD
the crew of eight on board the Merseyside based tug had to be rescued on
the evening of September 07 after the vessel began to take on water off
Skye shortly after 17:30
A Coastguard Helicopter
and Portree Lifeboat were tasked to the scene.
VANGUARD is believed to
have been working with the British Underwater Testing and Evaluation
Centre (BUTEC) at Kyle of Lochalsh and was contracted by BAe Systems and
accompanying a Canadian Navy submarine which was undergoing sea trials.
The tug was beached on
the Island of Rona. The crew of eight were reported safe and well. On
Wednesday it was reported that an attempt would be made to remove fuel
and oil prior to an assessment being made to see if it was possible to
refloat the vessel.
It is not yet clear as to
how the vessel began to take on water.
The above photograph
shows VANGUARD at the Carmet berth in Vittoria Dock.
ROYAL
FLEET AUXILIARY
RFA BLACK ROVER the small
fleet tanker which has been refitting over the past few months at North
Western Ship Repairers is expected to depart from the yard at 04:00 on
Thursday September 08 for sea trials. On conclusion of these trials she
is expected to return to the yard.
RFA ARGUS [A135] is due
to visit the Mersey in August 2005 as part of the Centenary Celebrations
of The Royal Fleet Auxiliary. Now an aviation training and primary
casualty reception ship, she started life as Sea Containers CONTENDER
BEZANT.
ROYAL
NAVY
HMS PEMBROKE [M107]
the Sandown Class Mine Countermeasures Ship is due to visit Liverpool
between September 25 and 27
STENA
LINE
Press reports suggest
that Stena is looking at the possibility of deploying a larger vessel on
the Holyhead - Dublin route or increasing the frequency of sailings. The
company says an urgent review of central corridor tonnage is required.
The company claims that
some sailings are now running at 98% of freight capacity. Some of the
increase in traffic being attributable to the closure of the P&O
Mostyn - Dublin service earlier this year. The company expects to beat
its profit target for 2004 by £1m.
However rising fuel
prices mean that costs on the services out of Holyhead may rise by £1m
next year.
CARNIVAL
CORPORATION PAST MEETS PRESENT
The TOPAZ [formerly the
embryo Carnival Corporation's second Cruise Ship CARNIVALE] and
previously Canadian Pacific's EMPRESS OF BRITAIN, met with one of the
more recent additions to the Carnival Fleet - the former P&O
GRAND PRINCESS.
TOPAZ (ex Empress of
Britain) had returned to the Irish Sea for the first time in 40
years. She was sold by original owners Canadian
Pacific to Greek LIne in 1964. Her return visit to Belfast on
September 1 & 2 was on charter to Peaceboat of Japan.
TOPAZ departed Belfast
for New York to arrive there in time for the 9/11 commemoration.
She was joined in Belfast on 1 Sept. by GRAND PRINCESS 109,000/98
which had been visiting several UK ports & which was the largest
cruise ship ever to dock in Northern Ireland, disembarking 3700
passengers & crew.
It was significant that
the two ship were together as Topaz was once CARNIVALE the 2nd
ship owned by Carnival which with their first ship MARDI GRAS (her former
CP fleet-mate Empress of Canada) were responsible for helping establish
Carnival which has become the largest cruise company in the world,
now operating such luxury cruise ships as GRAND PRINCESS.
|
| September
05 |
| Acknowledgements:
Michael Bracken, Tony Brennan, Alex McCormac, Tommy Dover, John Lewis
and "others" |
|
NOTES
& NEWS
CATCHING
UP
Your web master is
currently trying to catch up with recent submissions and his own
recently gathered material. However, there is still someway to go and
therefore it is likely that further mid week updates will be posted. At
present you are recommended to check back on Thursday evening to catch up
on any mid week updates.
As a consequence of the
many recent updates it will be necessary to archive older material
posted prior to mid June in the busier galleries.
In this weekend's update
the first material from the 2004
Navy Days has been posted including the HMS Albion Amphibious
Experience.
ISLE OF
MAN STEAM PACKET COMPANY
SCIOM
REPLACEMENT NAME POLL
The second round of the
SCIOM replacement name poll was concluded this week. The poll was hosted
on the Irish Sea Ships Yahoo group.
The results of the second
round were as follows:
CHOICES AND RESULTS
-
- Manx Express, 5 votes,
15.62%
-
- Snaefell, 12 votes, 37.50%
-
- Manx Cat, 12 votes, 37.50%
-
- Tynwald, 0 votes, 0.00%
-
- Viking, 3 votes, 9.38%
In concluding the second and final
round of the poll it was interesting to note that one traditional and
one new name found equal favour with those responding who in the final
round were only given the option of making one choice.
The joint winners being SNAEFELL
and MANX CAT.
SUPERSEACAT TWO - was
reported running very late on September 04. She only arrived at Douglas
at 07:05 to take the 04:00 sailing to Liverpool. The 04:00 arrived at
Liverpool around 11:30.
As a consequence of the
late running her Saturday sailing to Dublin was cancelled.
PORT OF
CORK
CILL AIRNE the former
liner tender which in recent years has served as a training ship for the
Cork Institute of Technology is to be auctioned at mid day on Thursday,
September 09 at the Imperial Hotel, Cork.
Built by the Liffey
Dockyard in 1963 and designed by the naval architects responsible for
the Wallasey Ferries she was one of two sisters. Her sister BLARNA has
recently been advertised for sale by a US ship broker.
MARITIME
& COASTGUARD AGENCY
LIVERPOOL
COASTGUARD COORDINATE RESCUE FROM BURNING VESSEL
At 20:20 on September 01Liverpool
Coastguard were contacted on channel 16 by the yacht QUEST on passage
from Douglas to Fleetwood, reporting that a second yacht UBIER, which
they had been in company with was in difficulty and suffering an engine
fire.
Liverpool Coastguard
contacted UBIER by radio and the single handed yachtsman confirmed that
he was unable to control an engine room fire and was abandoning ship to
his tender boat, being unable to reach his life raft due to the smoke.
The alert was upgraded to a Mayday call.
Liverpool Coastguard made an emergency broadcast to shipping in the area
and scrambled the Rescue Helicopter 122 and requested launch of RNLI
life boats from Fleetwood and Barrow.
The oil stand by vessel HIGHLAND SPRITE responded to Liverpool
Coastguard and deployed a fast response craft which was able to locate
and recover the casualty and transfer him to the vessel HIGHLAND SPRITE.
Rescue Helicopter 122 is transferred the casualty to Furness Hospital to
check for suspected smoke
inhalation.
Fleetwood and Barrow RNLI life boats were on the scene to deal with the
abandoned vessel. Weather and conditions were reported calm and
favourable to the rescuers. UBIER is a 37 foot yacht and the yachtsman
on board was reported to be from Lancashire.
Liverpool Coastguard Watch Manager Tony Topping said:,
“Liverpool Coastguard would like to thank the crew of HIGHLAND SPRITE
for their quick response to the Mayday call tonight as well as the other
commercial vessels which also responded to the alert.”
SEACAT ISLE OF ISLE OF
MAN was also reported to have assisted in the rescue.
WICKLOW
& EAST COAST NEWS by
Tommy Dover
Coaster
callers at Wicklow over the last 2 weeks included FAST SIM ex
VERITAS, ROGER, BREMER SATURN and HOHEBANK.
Visitor's
to the port included The GREATER MANCHESTER CHALLENGE and RINN
VOYAGER
Traffic
in the bay included the cruise liner SAGA PEARL southbound, the
tanker OTHELLO north for
Dublin
, CIL tender GRANUAILE went south, a gas rig
northbound under tow. BEN ELLAN, VICTRESS, CONDOCK V, cruise liner
MINERVA II northbound for Dublin, containership MARGARETA B southbound ,
The sailing ship JEANIE JOHNSON under sail was noted heading back to Dun
Laoghaire.
JEANIE
JOHNSTON
The replica emigrant ship
commenced a voyage to La Corunna in Spain on September 03. For further
details visit www.jeaniejohnston.ie |
| September
01 |
| Acknowledgements:
Ian Collard, Michael Bracken, Brian McGrath, David Sallery and
"others" |
|
NOTES
& NEWS
WEBMASTER
RETURNS
Your
web master has returned after a short but interesting visit to Devon and
Cornwall. This evening I have posted some of the photographs taken
during this trip, concentrating on merchant material.
Devonport Navy
Days photographs will appear within the next few days.
BRITTANY
FERRIES
PONT-AVEN
due to ongoing technical problems the 14:00 departure from Plymouth to
Roscoff and the 23:30 return sailing were cancelled on August 31.
PONT-AVEN
is scheduled to operate two Christmas Cruises in conjunction with
Cruise World. The programme of trips includes the chance to sail from Plymouth
to Ringaskiddy in County Cork.
The
schedule is as follows: Depart Plymouth December 24 or December 30 for
Santander, Spain. Three nights. Fares from £99 per person.
The
Christmas Party Cruise to Ringaskiddy, Cork takes place on December 28.
Fares start at £79. There is also the opportunity to combine a trip to
Spain with the trip to Cork. Full details are available from
"Cruise World" telephone: 0870 743 1000.
AUSTAL
SHIPS
Perhaps
one day we may just see a ship like this on the Irish Sea?
TRI THIS FOR SIZE!
Completion of Austal's
groundbreaking trimaran for Fred. Olsen draws near Progress on the
construction of Austal's Auto Express 127 metre trimaran fast ferry
"Benchijigua Express" for Fred. Olsen, S.A. continues at a
breathtaking pace.
Ordered in June last year, the
126.7 metre long cargo-vehicle-passenger ferry will sail at loaded
speeds in excess of 40 knots, providing capacity for 1350 passengers,
over 340 cars and more than 400 freight lane metres. When delivered it
will be the largest aluminium ship ever built. More importantly, the
newly developed trimaran hull form will provide a significant
improvement in sea keeping performance and passenger comfort over
existing fast ferries.
Construction has proceeded
smoothly and is on schedule. To date, the main aluminium structure has
been proceeding to a point where it completely filled one of the vast
shipbuilding halls at Austal's facility in Henderson, Western Australia.
In an adjacent building hall the fabrication of the bow section and
wheelhouse have been taking shape in parallel.
A major milestone in the
construction of this groundbreaking ship was achieved in mid-July when
the bow section, itself measuring some 32 metres in length, 15 metres
high and weighing 120 tonnes, was moved out of its building hall and
united with the main structure. This revealed the true size and scale of
the ferry to the outside world for the first time, with the giant vessel
protruding from the 110 metre long building hall by some 30 metres.
Expressing the views of all
concerned with the trimaran, Austal's Chairman Mr John Rothwell said he
was both fascinated and extremely proud to see the results of the
achievement of joining the bow to the main section.
"The sight of this gigantic
ship, the largest aluminium vessel to ever be built in the world, caused
me to stop and reflect on where we have come from and what our future
potential is," Mr Rothwell said.
"At 127 metres this huge
vessel is 4¼ times longer than the first Austal-built live-aboard dive
catamaran of just 30 metres. Travelling some 9,500 nautical miles the
trimaran will be delivered half way across the world to the Canary
Islands, whereas the catamaran was delivered 3,500 nautical miles across
Australia to Queensland. At the height of construction approximately 430
people have worked on the trimaran with construction taking 12 months
plus two months for commissioning and sea trials. The 30 metre cat was
built in approximately six months with just 30 people."
With the bow section fitted the
next major milestone was the installation of the ship's machinery plant
and this was followed by the rollout of the vessel from her birthplace
into the bright Western Australian sunshine on August 16.
The vessel is now 80% complete and
with large sections of the structure gleaming in Fred. Olsen's
eye-catching livery it will be a dominant feature on the Henderson
skyline until its launch in late September.
After it is delivered later this
year, the new trimaran will operate in the Canary Islands on the routes
from Los Cristianos, Tenerife to San Sebastian, Gomera and the island of
Palma, bringing a new age in transport to the ferry industry.
OCEAN
RESOURCES
OCEAN BOOMER the former
NORTHERN HORIZON which has been refitting in A&P Birkenhead for some
months is expected to depart around September 15.
She is en route to
an Atlantic Ocean salvage operation of copper ingots. The recovery
project, the company's first, is being performed on behalf of Great
Britain's Treasury Department. The proceeds of sale of any ingots
salvaged will be realized upon return to port, said the company.
Semi-precious metals are currently in a period of significant
appreciation on international commodities markets. Since September 2003,
copper has risen from $.80 to $1.30 per lb. Accordingly, the cargo of
copper ingots on this first recovery project is valued at $5 to $7
million. 14% of recovery proceeds is payable to Great Britain's Treasury
Department.
The target wreck is a
World War I merchant ship sitting bolt upright with cargo holds open in
a relatively shallow 1300 feet of water. Ocean Resources' proprietary
ROGE (Remotely Operated Grab Excavator), a hydraulically operated
multi-jaw grab, will descend to the ship and attempt to bring its copper
ingots to the surface. ROGE is among the world's most advanced deep sea
excavating devices, capable of passing through narrow hatches, seizing
up to three tons of material in a single grab and operating at depths of
up to 16,000 feet, almost double the capacity of competitors.
SVITZER
London,
Aug 30 -- A press report, dated today, states: Tug Svitzer Bidston (369
gt, built 2004) is undergoing repairs after being involved in an
incident at a local dry dock on the Mersey. It is rumoured that during
an attempt to dry-dock the tug it slipped from the blocks and damaged its
azimuthing propellers, skeg and puncturing the hull in one of its fuel
tanks. At present it is in dry dock and the propellers have been removed
and work continues to repair it. SVITZER BIDSTON is currently in
Clarence Dry Dock.
SEA
CONTAINERS LTD
Sea Containers announced
that it had sold its subsidiary Folkestone Properties Ltd, owners of
Folkestone Harbour on the south east coast of the United Kingdom on
August 26.
Contracts were signed for the port sale on
July 2, 2004
and the purchase, by businessman Mr Roger De Haan who is well known as
chairman of the Folkestone-based Saga Group, was completed on
August 24, 2004
. The sale price was $20
million (£11 million). President
of Sea Containers Ltd., Mr James B. Sherwood, said the gain will be
recorded in the company’s third quarter results.
Mr Sherwood indicated that long term rights were retained for
Orient-Express Hotels Ltd., the company in which Sea Containers has a
large shareholding, to access the station and car park for passengers
and vehicles related to the Venice Simplon-Orient Express and British
Pullman tourist trains.
BOAT
CHASE
On
September 01 the Western Morning News reported that a police chase
and arrest unfolded at sea on August 31 as officers boarded a lifeboat
to track a fishing vessel which had allegedly been stolen.
Two policemen joined the Newquay lifeboat crew
in an Atlantic rescue boat at 6.15am when it was realised the 32ft
Cygnus crabber BAND OF HOPE was missing from Newquay Harbour.
The Newquay inshore lifeboat joined the early morning search before
other fishing vessels, alerted to the incident by a radio message from
Coastguards, spotted the missing boat between Portreath and Godrevy,
near St Ives, and circled it, blocking its path.
The Atlantic then sped to the scene at a rate of 32 knots - the BAND OF HOPE
capable of just ten knots - and by pulling alongside an arrest was made.
For boat owner Adam Beckett, that was not the end of the bad news.
"There are two huge holes in the side of the boat where it hit
rocks and it's got to be taken out of the water.
"Until it's sorted me and my crewman are out of a job."
A helicopter from RNAS Culdrose was called in amid fears the boat may
sink as it was taking in water. The helicopter unloaded a salvage pump
on board the Cygnus and another was brought by the St Ives lifeboat.
The Cygnus crabber, made in Penryn, is one of about 100 - with another
three common to Newquay Harbour.
Mr Beckett, 26, bought the boat 18 months ago. "I left school at 15
and went straight out to sea.
"My dad died and half the money was left for the boat from that, so
for me that makes this even worse."
Crewman Joe Emmett, 25, is also a Newquay Lifeboat volunteer. He was
first to raise the alarm and went out in pursuit of the boat. Mr Beckett
said: "My crewman got to the harbour just before me and he didn't
know if I had gone off with the boat somewhere but then he saw me coming
down the drive and started to panic.
"It could have been worse, the boat could have sunk so I have got
something to be happy for."
The boat's skull and crossbones flag was flying at half mast yesterday.
It was put up last week by crew but had a sour tone after the incident.
Mr Beckett said: "That's just something we put up for a laugh about
a week ago."
A 28-year-old man has been charged with aggravated vehicle taking and
will be appearing before Bodmin Magistrates this morning
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