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31-12-2018, 00:28   #1
Gadgetman496
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Brexit ferry contract awarded to company with no ships

This is part of the 108m spent on contracts in the event of a no Brexit.

https://www.rte.ie/news/brexit/2018/...erry-contract/
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31-12-2018, 00:35   #2
katiek102010
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They are idiots m. Nothing surprises me anymore
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31-12-2018, 00:44   #3
expectationlost
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Quote:
Originally Posted by Gadgetman496 View Post
This is part of the 108m spent on contracts in the event of a no Brexit.

https://www.rte.ie/news/brexit/2018/...erry-contract/
i actually think this story is really overblown, first thing on the BBC 10 news?, so a port with no current ferries might be getting a service set up by experienced ferry operators who are setting a company up to do a specific job. so ....
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31-12-2018, 00:50   #4
Atlantic Dawn
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It's easy to subcontract ferries. If you look at Irish Ferries they don't have a single ferry registered in Ireland.
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31-12-2018, 00:54   #5
namloc1980
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It's easy to subcontract ferries. If you look at Irish Ferries they don't have a single ferry registered in Ireland.
They own their ferries at least, they are simply registered in Cyprus/Bahamas. The crowd who won the Brexit contract don't own a dinghy let alone a ferry.
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31-12-2018, 01:21   #7
Ficheall
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i actually think this story is really overblown, first thing on the BBC 10 news?, so a port with no current ferries might be getting a service set up by experienced ferry operators who are setting a company up to do a specific job. so ....
The company had, (if I recall the news report correctly - otherwise figures may be off), assets of £66, and now they've been given a £14000000 contract. Their website has claims about existing routes that do not exist. The company has never run something like this (if anything) before. This is as crooked a deal as they come. Are you a politician?
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31-12-2018, 01:23   #8
L1011
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It's easy to subcontract ferries. If you look at Irish Ferries they don't have a single ferry registered in Ireland.
Irish Ferries own all their boats, bar the Epsilon, and the boats of quite a few other companies too. Large leasing operation, container operation, etc.

An actually established operator would, at most, set up a SPV for this - not a completely separate company with spurious info.
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31-12-2018, 01:25   #9
endacl
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Brexit just keeps on getting funnier....
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31-12-2018, 01:29   #10
darragh o meara
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A certain business man here never laid a single meter but somehow won a contract to install them in every house in Ireland 😀

The Brit’s aren’t too unlike us at all.
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31-12-2018, 01:32   #11
 
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Ownership is just a financial arrangement.

Lot's of businesses hire plant or equipment.

Having the experience, skill sets and structures to efficiently deploy that capital is the important factor.
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31-12-2018, 02:20   #12
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They seemingly want to operate from Ramsgate

Ramsgate doesn’t have the infrastructure and even the local Tory Council are querying what due diligence has been done prior to awarding the contract
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31-12-2018, 03:23   #13
prinzeugen
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Non story. Its just more of the usual crap that RTE have come out with about Brexit.

You dont have to own a boat to operate a ferry. Just like you dont need to own a plane to operate an airline.

When Virgin Atlantic started all their aircraft were leased.

There are hundreds if not thousands of ships sitting idle at sea "awaiting orders" (work). Take the Russian cargo ship that ran aground in Cornwall a few weeks back. It was sitting there on the of chance someone would charter it.

Ramsgate does have the infrastructure as most old ports on the south coast do. What condition its in is anybody's guess. Plenty of it was kept on a "care and maintenance" basis by the military until about 1990.
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31-12-2018, 03:39   #14
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You get industry pros who can nimbly put together a temporary workforce and equipment for a specific event.

Here's some details of the two-person company that was rebuilding the electricity grid in Puerto Rico.
https://business.financialpost.com/p...t-is-cancelled

They already had 350 people there, before people who don't understand the logistical problem of an established company somehow sending hundreds of it's staff to Puerto Rico for a few months, cancelled the contract.


People love to believe it's some friend of a politician or something. How exactly would some random guy get 350 people to Puerto Rico and get work done? How could some random guy manage to get a shipping network up and running under intense public scrutiny?

Last edited by Ads by Google; 31-12-2018 at 03:43.
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31-12-2018, 03:45   #15
quokula
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Originally Posted by prinzeugen View Post
There are hundreds if not thousands of ships sitting idle at sea "awaiting orders" (work). Take the Russian cargo ship that ran aground in Cornwall a few weeks back. It was sitting there on the of chance someone would charter it.

Would it not make sense then to give the contract to a company who has every in their history at least chartered one of these ships? If such activity is so common it's a bit odd that the UK government chose to give the contract to a company that has never done it before, in addition to having no boats of its own.
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