The ship, subsequently named WB Yeats, was due for delivery in May 2018 to enter summertime service on the Dublin-to-Cherbourg route. The unhappy episode – together with technical issues with the vessel Ulysses – contributed to a 25 per cent slump in ICG’s earnings per share in 2018. This came as a “shock” to Irish Ferries, according to Mr Justice Haughton’s summary, and forced it to cancel its initial summer bookings. The German company was in serious financial difficulty early last year, blaming its misfortunes on the loss-making ICG contract. That shareholder meeting must be held by the middle of August under Irish company law.

Source: The Irish Times June 12, 2020 14:48 UTC