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Displaying items by tag: Cork Docklands

The role of art and culture in re-imagining the future of port cities is the theme of an online Cork CityLabs seminar on June 7th.

In the Cork context, Cork Docklands is set to be Ireland’s largest regeneration project which will accommodate a population of around 25,000, a workforce of approximately 29,000, and a student population of more than 3,500.

Over 146 hectares of land will be developed over a 20-year period, which will see homes, schools, medical and social services, sports and recreation facilities, office space, pubs, bars, restaurants, hotels, retail and two new bridges for the city.

Speakers at the third annual Cork CityLabs “Future of Port” seminar, including representatives of Espacio Open in Bilbao; and the European Bauhaus Lighthouse project, Bauhaus of the Seas Sails in Malmo.

Full event details and link to join here

 

Published in Irish Ports
Tagged under

Cork City Council and the Land Development Agency have set up a new office to oversee development of the Cork Docklands district.

And Taoiseach Micheál Martin was among those who hailed the move as “an opportunity to create a magnet for investment into Cork city” that aims to create 29,000 jobs and homes for 25,000 people.

The Irish Times reports on the new Cork City Docklands Delivery Office, which is tasked with developing almost 146 hectares of land along the city’s quays.

Among the projects it will evaluate are developments at Marina Park, the River Lee’s potential as an amenity and plans for a new transport hub at Kent Station, as well as two new bridges for the city.

The Irish Times has more on the story HERE.

Published in Port of Cork
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#ShippingCentre -According to Irish Maritime Development Office, there is a proposal to create a world-class cluster of international shipping services orientated companies (ISSC) based in Cork Docklands.

The proposed maritime cluster would also be a major urban regeneration scheme led by a group of individual and well-established property developers who plan to provide appropriate commercial, residential, and cultural amenities within the ISSC.

Technology is the number one FDI employer with over 14,000 professionals employed in the sector in Cork city. It is evident that technology is both transforming and disrupting financial services. The central role which technology will play in finance over the next decade is demonstrated by the decision by international bank State Street to partner with University College Cork and Zhejiang University to set up a Fintech Research and Development facility in Cork.

More recently there have been several developments in the area of alternative asset management and international private equity and this is an area of tremendous potential, given the success of these initiatives.

BNY Mellon also opened a business focused on mutual fund administration in 2007. Later they were also joined by Apex Fund Services, Hedgeserv and IPES, all establishing related operations. Other small clusters have built around expertise in investments and insurance. Davy, Investec and Blackbee all having a presence while in banking Bank of Ireland and AIB both provide a full service Corporate Banking offering in the region to FDI companies.

In leasing, Ardmore Shipping Corporation, an international operator and owner of a fleet of product and chemical tankers are engaged in worldwide trade. Ardmore have their principal operations office based in Cork (see related Bantry Bay ship story). All of the Big 4 (Deloitte, EY, KPMG and PWC) professional services firms have full offerings in the city.

With a working age population of over 400,000 within a one hour commute of the city, there is clearly large capacity for tremendous expansion. Underpinning all of this success is a favourable cost base and excellent quality of life metrics.

The new centre will bring employment, investment and a new lease of life to the Cork Docklands and will continue to grow Cork city as a new financial hub in Ireland.

 

Published in Port of Cork

#CorkDocklands - Cork’s Docklands are in line for a sprucing up with council proposals for a €6 million upgrade of its entrance, as the Evening Echo reports.

Albert Quay, Victoria Road, Albert Road and four traffic junctions would benefit from new pedestrian amenities such as a waterside plaza and cycling and public transport infrastructure under the scheme, which also aims to open two Docklands sites for housing within the next four years.

It’s expected that consultants will be appointed to the project in the new year, with designs to be finalised over the following 12 months.

The news follows plans unveiled in September for a transformation of the city’s Horgan’s Quay with offices, apartments and a new plaza adjacent to the River Lee.

Another project, Navigation Square, is being developed on the other side of lands put up for sale by the Port of Cork on Custom House Quay earlier this year.

The Evening Echo has more on the story HERE.

Published in Port of Cork
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#PortOfCork - Stakeholders in Cork Harbour have proposed bringing the mooted International Shipping Services Centre to Leeside, as the Irish Examiner reports.

Previously earmarked for Dublin Port, as discussed at the second Our Ocean Wealth summit in 2015, those plans have stalled in recent months — leaving a gap for Cork to step in and pitch Ireland’s second city as a “natural fit”, according to Port of Cork commercial manager Michael McCarthy.

That pitch was discussed at a briefing in the Port of Cork earlier this week, which gathered the IMDO, IDA Ireland and CBRE consultant Cormac Megannety, who devised the ISSC concept some years ago.

The meeting came after the news that Ireland’s shipping and transport sector is the largest contributor in turnover to the growth of the country’s ‘blue economy’, as previously reported on Afloat.ie.

Marine Minister Michael Creed and his predecessor, now Foreign Affairs Minister Simon Coveney, have also voiced their backing for the proposal, which has also been suggested as part of the existing €1 billion regeneration scheme for Cork’s Docklands.

The Irish Examiner has more on the story HERE.

Published in Port of Cork

#CorkHarbour - More than three acres of Cork docklands are coming to market, as the Irish Examiner reports.

The lands comprise a warehouse property between Monahan Road and Centre Park road east of the city centre, in an area already set for transformation between the revamped Páirc Uí Chaoimh and the new Marina Park regeneration project, adjacent to Cork City Marina by the former showgrounds.

Commercial and residential developers alike are expected to express interest in the 3.31-acre site, zoned for mixed use, and with a guide price of €1.2 million per acre.

Interest in this part of the city is growing with the imminent move of the Port of Cork downriver — and city planners are already meeting with potential buyers for the port’s historic buildings on Custom House Quay.

The Irish Examiner has more on the story HERE.

Published in Cork Harbour
This weekend the large German Navy salvage tug FGS Fehrmann (A1458) is on a visit to Cork City, writes Jehan Ashmore.
The 1,289 gross tonnes auxiliary vessel built in 1967 berthed yesterday at North Custom House Quay adjacent to the offices of the Port of Cork Company on the banks of the River Lee. She is one of two Type 720 'Helgoland' class tugs ordered for the German Navy.

Built by Schichau Seebeck Werft, Bremerhaven, the 68m vessel has a limited armament capability and a crew of 45. Her main role is as a safety ship for use in submarine training and is equipped for fire-fighting, icebreaking and wreck location duties.

The veteran vessel had called to Dublin Port last weekend while her stay in the southern city will end with a departure scheduled for Monday morning.

Published in Navy

Cork City Council is inviting interest in the design of a new 32 hectare park for Cork Docklands. The full details of the 'new island district' are here.

Published in Cork Harbour

Ferry & Car Ferry News The ferry industry on the Irish Sea, is just like any other sector of the shipping industry, in that it is made up of a myriad of ship operators, owners, managers, charterers all contributing to providing a network of routes carried out by a variety of ships designed for different albeit similar purposes.

All this ferry activity involves conventional ferry tonnage, 'ro-pax', where the vessel's primary design is to carry more freight capacity rather than passengers. This is in some cases though, is in complete variance to the fast ferry craft where they carry many more passengers and charging a premium.

In reporting the ferry scene, we examine the constantly changing trends of this sector, as rival ferry operators are competing in an intensive environment, battling out for market share following the fallout of the economic crisis. All this has consequences some immediately felt, while at times, the effects can be drawn out over time, leading to the expense of others, through reduced competition or takeover or even face complete removal from the marketplace, as witnessed in recent years.

Arising from these challenging times, there are of course winners and losers, as exemplified in the trend to run high-speed ferry craft only during the peak-season summer months and on shorter distance routes. In addition, where fastcraft had once dominated the ferry scene, during the heady days from the mid-90's onwards, they have been replaced by recent newcomers in the form of the 'fast ferry' and with increased levels of luxury, yet seeming to form as a cost-effective alternative.

Irish Sea Ferry Routes

Irrespective of the type of vessel deployed on Irish Sea routes (between 2-9 hours), it is the ferry companies that keep the wheels of industry moving as freight vehicles literally (roll-on and roll-off) ships coupled with motoring tourists and the humble 'foot' passenger transported 363 days a year.

As such the exclusive freight-only operators provide important trading routes between Ireland and the UK, where the freight haulage customer is 'king' to generating year-round revenue to the ferry operator. However, custom built tonnage entering service in recent years has exceeded the level of capacity of the Irish Sea in certain quarters of the freight market.

A prime example of the necessity for trade in which we consumers often expect daily, though arguably question how it reached our shores, is the delivery of just in time perishable products to fill our supermarket shelves.

A visual manifestation of this is the arrival every morning and evening into our main ports, where a combination of ferries, ro-pax vessels and fast-craft all descend at the same time. In essence this a marine version to our road-based rush hour traffic going in and out along the commuter belts.

Across the Celtic Sea, the ferry scene coverage is also about those overnight direct ferry routes from Ireland connecting the north-western French ports in Brittany and Normandy.

Due to the seasonality of these routes to Europe, the ferry scene may be in the majority running between February to November, however by no means does this lessen operator competition.

Noting there have been plans over the years to run a direct Irish –Iberian ferry service, which would open up existing and develop new freight markets. Should a direct service open, it would bring new opportunities also for holidaymakers, where Spain is the most visited country in the EU visited by Irish holidaymakers ... heading for the sun!