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Fastnet Line
Fastnet Line operated a ferry service carrying cars, freight and passengers between Ringaskiddy, Cork, Ireland and Swansea, Wales on MS ''Julia''. History From 1987 to 2006, the Swansea Cork ferry was operated by Swansea Cork Ferries Limited, an Irish-based company. The service ceased operating after the 2006 season. After disposing of their most recent vessel (the MV Superferry) and failing to find a suitable replacement, Swansea Cork Ferries Limited announced that they would not be operating the service during the 2007 summer season. In fact, there was no service during the whole of 2008 or 2009. A two-year campaign, started in April 2008 by concerned local businesses and individuals in the south-west of Ireland and South Wales, resulted in the forming of a co-operative which raised funds to enable the purchase of a new vessel and set up Fastnet Line. After a long process of negotiation, including approval by the Finnish courts, it was announced in mid-September 2009 ...
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Ringaskiddy
Ringaskiddy () is a village in County Cork, Ireland. It is located on the western side of Cork Harbour, south of Cobh, and is 15 kilometres from Cork city, to which it is connected by the N28 road. The village is a port with passenger ferry, with two bi-weekly sailings to Roscoff in France. A ferry service to Swansea in Wales closed in 2012. During the 20th century, Ringaskiddy changed from a fishing village to a centre of transport and industrial activity. It is now one of the largest employment hubs in the pharmaceuticals sector in the region. The village is close to a number of tourist areas, including Crosshaven, Curraghbinny and Monkstown. A motorway project, to connect Cork city with Ringaskiddy, was given the "green light" by the supreme court in March 2021. Places of interest Barnahely Castle, later known as Warren's Castle, is located near Ringaskiddy. Originally the site of an Anglo-Norman castle, a new fortification was built here during the 15th or 16th cent ...
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BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ...
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Chapter 11
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Examinership
Examinership is a process in Irish law whereby the protection of the Court is obtained to assist the survival of a company. It allows a company to restructure with the approval of the High Court. To obtain the appointment of an examiner it is necessary to petition the High Court and persuade the court that there is a reasonable prospect of survival of the company and the whole or part of its undertaking if an examiner is appointed. The examiner has a fixed period of 70 days (extensible to 100 days) in which to prepare a scheme of arrangement, which must be approved by at least one class of creditors of the company. If it can be shown that the scheme provides for the survival of the company and the whole or part of its undertaking and that it is not unfairly prejudicial to any creditor(s) of the company the court has discretion to approve the scheme. In most schemes of arrangement an investor will invest in the company and part of the money invested will be used to pay a divi ...
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Scandinavia
Scandinavia; Sámi languages: /. ( ) is a subregion#Europe, subregion in Northern Europe, with strong historical, cultural, and linguistic ties between its constituent peoples. In English usage, ''Scandinavia'' most commonly refers to Denmark, Norway, and Sweden. It can sometimes also refer more narrowly to the Scandinavian Peninsula (which excludes Denmark but includes part of Finland), or more broadly to include all of Finland, Iceland, and the Faroe Islands. The geography of the region is varied, from the Norwegian fjords in the west and Scandinavian mountains covering parts of Norway and Sweden, to the low and flat areas of Denmark in the south, as well as archipelagos and lakes in the east. Most of the population in the region live in the more temperate southern regions, with the northern parts having long, cold, winters. The region became notable during the Viking Age, when Scandinavian peoples participated in large scale raiding, conquest, colonization and trading mostl ...
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Fastnet Line
Fastnet Line operated a ferry service carrying cars, freight and passengers between Ringaskiddy, Cork, Ireland and Swansea, Wales on MS ''Julia''. History From 1987 to 2006, the Swansea Cork ferry was operated by Swansea Cork Ferries Limited, an Irish-based company. The service ceased operating after the 2006 season. After disposing of their most recent vessel (the MV Superferry) and failing to find a suitable replacement, Swansea Cork Ferries Limited announced that they would not be operating the service during the 2007 summer season. In fact, there was no service during the whole of 2008 or 2009. A two-year campaign, started in April 2008 by concerned local businesses and individuals in the south-west of Ireland and South Wales, resulted in the forming of a co-operative which raised funds to enable the purchase of a new vessel and set up Fastnet Line. After a long process of negotiation, including approval by the Finnish courts, it was announced in mid-September 2009 ...
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Co-operative
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
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Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * businesses owned and managed by the people who consume th ...
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Swansea Cork Ferries
Swansea Cork Ferries was a company that operated a RoRo service between Swansea and Cork (Ringaskiddy) from 1987 till 2006. The company no longer offers a ferry service but provides consultancy services. Its former owners Strintzis Lines are now part of the Attica Group, and Briarstar Ltd was dissolved in 2012. The company remains in the ownership of Thomas Hunter Mc Gowan. A Swansea–Cork ferry service was restarted by Fastnet Line in March 2010, but services were suspended in November 2011 due to the economic situation. History *1987 - Swansea Cork Ferries formed following B&I Line's withdrawal from the route four years earlier. *1992 - Sold to Greek Greek may refer to: Greece Anything of, from, or related to Greece, a country in Southern Europe: *Greeks, an ethnic group. *Greek language, a branch of the Indo-European language family. **Proto-Greek language, the assumed last common ancestor ... shipping company Strintzis Lines. *1999 - Swansea Cork Ferries sold to ...
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Republic Of Ireland
Ireland ( ga, Éire ), also known as the Republic of Ireland (), is a country in north-western Europe consisting of 26 of the 32 counties of the island of Ireland. The capital and largest city is Dublin, on the eastern side of the island. Around 2.1 million of the country's population of 5.13 million people resides in the Greater Dublin Area. The sovereign state shares its only land border with Northern Ireland, which is part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, St George's Channel to the south-east, and the Irish Sea to the east. It is a unitary, parliamentary republic. The legislature, the , consists of a lower house, ; an upper house, ; and an elected President () who serves as the largely ceremonial head of state, but with some important powers and duties. The head of government is the (Prime Minister, literally 'Chief', a title not used in English), who is elected by the Dáil and appointed by ...
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MS Julia
MS, ms, Ms, M.S., etc. may refer to: Arts and entertainment * ''Ms.'' (magazine), an American feminist magazine * Metal Storm (webzine), a heavy metal website based in Estonia Businesses and organizations * MS-13, criminal gang * Missionaries of La Salette, a Catholic male religious order * Młodzi Socjaliści (Young Socialists), a former Polish socialist youth organization * Morgan Stanley, a US investment bank (NYSE stock symbol: MS) * Mjólkursamsalan, an Icelandic dairy company Educational qualifications * Master of Science, a master's degree in the field of science * Master of Surgery, an advanced medical degree * Master Sommelier, a terminal degree in the field of wine * '' Mastère spécialisé'', a French postgraduate ''grande école'' master's degree Medicine * Mitral stenosis, narrowing of the mitral valve of the heart * Morphine sulfate, an opiate pain-relieving drug * Multiple sclerosis, a disease of the nervous system Military * Master seaman, a non-commissio ...
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Wales
Wales ( cy, Cymru ) is a Countries of the United Kingdom, country that is part of the United Kingdom. It is bordered by England to the Wales–England border, east, the Irish Sea to the north and west, the Celtic Sea to the south west and the Bristol Channel to the south. It had a population in 2021 of 3,107,500 and has a total area of . Wales has over of coastline and is largely mountainous with its higher peaks in the north and central areas, including Snowdon (), its highest summit. The country lies within the Temperateness, north temperate zone and has a changeable, maritime climate. The capital and largest city is Cardiff. Welsh national identity emerged among the Celtic Britons after the Roman withdrawal from Britain in the 5th century, and Wales was formed as a Kingdom of Wales, kingdom under Gruffydd ap Llywelyn in 1055. Wales is regarded as one of the Celtic nations. The Conquest of Wales by Edward I, conquest of Wales by Edward I of England was completed by 1283, th ...
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