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Displaying items by tag: Report Brexit Effect

The impact of Brexit across many sectors in the South West, in particular in agriculture, finance, and industry is revealed in a new report that shows Cork’s long history of trade with Europe has helped to cushion the worst effects of Brexit for the city and the wider region.

The report, ‘Cork and the Brexit Effect’, published by University College Cork, looked at Brexit’s consequences for the Cork region.

It was developed with local business, the tourism sector, higher education, and arts and culture stakeholders across Cork.

The report noted that relations and links between Cork, the North, and the UK have been affected by the fallout from Brexit.

It showed, however, that while visits to the Republic of Ireland from Britain and the North fell following Brexit, the Cork region was comparatively less affected by shifting tourist numbers than other parts of Ireland.

The report also suggests that Brexit has presented Cork with new opportunities and highlights how, since Brexit, the Port of Cork has seen its number of direct shipping routes to continental Europe increase as producers look to avoid the UK land-bridge.

EchoLive has more on the report that also examines aspects on the EU’s second-largest English-speaking city

Published in Port of Cork

About Marine Technology

Marine technology, as defined by the European association WEGEMT, refers to the use of technology for ensuring the safe use, exploitation, protection of, and intervention in, the marine environment. This includes a wide range of technologies that support naval architecture, marine engineering, ship design, ship building, and ship operations.

In addition to these foundational technologies, marine technology also encompasses oil and gas exploration, exploitation, and production, hydrodynamics, navigation, sea surface and sub-surface support, underwater technology and engineering, marine resources (including both renewable and non-renewable marine resources), transport logistics and economics, inland, coastal, short sea and deep sea shipping, protection of the marine environment, and leisure and safety.

The importance of marine technology cannot be overstated. With over 70% of the earth's surface covered by water, the marine environment plays a critical role in our lives. From transportation to energy production, marine technology enables us to harness the immense potential of the oceans while minimizing the impact on the environment.

Moreover, the development of marine technology is crucial for the sustainable use of marine resources. As the demand for seafood and other marine products continues to grow, the sustainable management of these resources becomes increasingly important. Marine technology can help us to achieve this by providing innovative solutions for sustainable fishing, aquaculture, and other forms of marine resource management.

In Ireland, claims are made that the island country "has the potential to be the “Silicon Valley” of the aquatech world". Ireland is at a very exciting stage when it comes to aquatech. There are currently 62 aquatech companies operating here, all using technology to enable sustainable seafood farming at a time when the sector is facing many challenges.”

Ireland’s growing expertise in the developing aquatech sector means it has the potential to become a global leader in the field, with Irish aquatech companies turning over €200m last year.

Over €15m has been invested in aquatic businesses, and over 200 high-tech jobs have been created in the sector over the last six years.

In conclusion, marine technology is a vast and rapidly evolving field encompassing a broad range of technologies and applications. As we continue to explore and exploit the potential of the oceans, marine technology will play an increasingly important role in ensuring the safe and sustainable use of these resources.