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Ireland's sailing, boating & maritime magazine

Displaying items by tag: Tonnage Tax Report

#Ports&ShippingReview: Over the last fortnight, Jehan Ashmore has reported on the shipping scene, where Warrenpoint Harbour  call for funding to construct relief road to avoid traveling through Newry City.

The European Sea Ports Organisation (ESPO) recognised the Italian Presidency efforts at the Transport Council to reach an agreement on Port Regulation proposals.

Shannon Foynes Port Company announced record profits for 2013, the fourth successive year in such growth, showing a 3% increase in Operating Profit at €4.1m, up from €3.1m in 2012.

Government to back Galway Harbour's €52 million redevelopment of a first phase of a port expansion.

The IMDO release report Irish Tonnage Tax: Opportunities for the International Shipping Industry. The independent report by PwC details the benefits of the tax regime established in 2004 and the attractions of maritime operations locating in Ireland.

Dublin Graving Docks Ltd faces closure as Dublin Port Company plan a €200m Alexandra Basin Redevelpment Project that incorporates the site of the 200m long graving dock. Currently the dry-dock is occupied by Arklow Ranger and Jeanie Johnston.

Published in Ports & Shipping

As an island economy, a healthy maritime sector is key to our national competitiveness. Virtually all our imports and exports pass through Irish ports.

Ireland is dependent on ports and shipping services to transport goods and 90% of our trade is moved though Irish ports. Shipping and maritime transport services make a significant contribution to Ireland’s ocean economy, with the sector generating €2.3 billion in turnover and employing over 5,000 people in 2018.

Ireland’s maritime industry continues to grow and progress each year with Irish ports and shipping companies making significant investments. The ports sector in Ireland is currently undergoing a number of expansions and developments with Dublin Port’s Alexandra Basin development, the development of Ringaskiddy in Cork by Port of Cork and the development of Shannon Foynes Port. Along with these major investments, shipping companies are also investing heavily in new tonnage, with Irish Ferries, CLdN and Stena leading new build programmes.

These pages cover the following sectoral areas: shipowners, harbour authorities, shipbrokers, freight forwarders and contractors, cruise liner operators, port users, seamen, merchants, academic institutions, shipyards and repair facilities, naval architects, navy and defence personnel.

Our pages are covering some of the most notable arrivals around our coast and reporting too on port development and shipping news.

This section of the site deals with Port and Shipping News on our largest ports Dublin Port, Port of Cork, the Shannon Estuary, Galway Harbour and Belfast Lough.

A recent study carried out for the Irish Ports Association (IPA) totalled 75.7 billion during 2004 and their net economic impact was some 5.5 billion supporting around 57, 500 full time employees.

Liam Lacey, Director of the Marine Institute’s Irish Maritime Development Office (IMDO) said, “The Irish maritime industry can look to the future with confidence. It has shown itself to be resilient and agile in responding to challenges. Over the past decade, it has had to respond to the challenges of the financial crisis of 2008, the uncertainty surrounding Brexit and recent challenges. Ireland’s maritime sector has continued to underpin our economy by maintaining vital shipping links for both trade and tourism.”