Irish Continental Group reports a robust performance in its Ferries Division, reflecting strong growth in passenger and freight volumes. Revenue figures include surcharges tied to fuel price changes and emission allowances under the EU Emission Trading System (ETS). The acquisition of the OSCAR...
https://ferryshippingnews.com/irish-continental-group-reports-a-robust-financial-performance/
Trading update Irish Continental Group plc: Financial information 1 January – 30 April 2024 +8.3% Consolidated Group revenue €177.0 million +12% Ferries Division revenues €119.7 million (including intra-division charter income) Carryings for the year to date to 4 May 2024 Source: ICG…
Financial information for the first four months of 2023 Recent Developments Winston Framework ICG expects 2023 will see a continuation of the trend of freight customers returning to the landbridge and we are hopeful that the Windsor Framework will remove the distortion from the non-implementation...
https://ferryshippingnews.com/irish-continental-group-icg-trading-statement-11-may-2023/
Volumes (Year to date, 8 May 2021) -62.5% cars -18.9% roro +11.4% TEU containers +11.3% terminal lifts Financial information for the first four months of 2021 Consolidated Group revenue in the period was €89.3 million, an increase of 0.4% compared with last year and a 12.7% decrease on 2019....
https://ferryshippingnews.com/trading-update-from-irish-continental-group/
Revenue -22.5% to €277.1 million EBITDA -51.5% to €42.1 million principally due to Covid-19 travel restrictions EBIT -116% to -€10.4 million Year-end net debt after total capital expenditure of €30.1 million was €88.5 million, 2.1 times EBITDA (pre-non-trading items), and 1.7 times under banking...
https://ferryshippingnews.com/irish-continental-group-annual-report-roro-freight-up-pax-down/
Volumes (Year to date, 21 November 2020) -66.8% Cars 122,700 (369,700) -68% Passengers +4.4% RoRo Freight 293,500 (281,200) -8.9% Container TEU 287,200 (315,100) -11.7% Terminal Lifts 258,600 (293,000) Financial information for the first ten months of 2020: Consolidated Group revenue €229 million...
According to an article published in Maritime-Executive, in an operation coordinated by the Indian Coast Guard, the geared bulker YM Summit rescued six stranded fishermen from a capsized vessel in the Bay of Bengal, about 170 nm to the east of Chennai.
What happened?On Sunday, the YM Summit was underway to Visakhapatnam (Vizag) when her crew spotted a capsized fishing vessel with six fishermen sitting on its partially-upturned hull. The vessel’s master launched a rescue attempt in coordination...
https://mfame.guru/bulker-crew-rescue-fishermen-stranded-at-sea/
While Irish Continental Group retains a strong liquidity position, the Directors consider it prudent not to proceed with the final dividend payment against this background of market uncertainty and will no longer propose a resolution to approve the dividend at the AGM. Source: