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Displaying items by tag: Irish Continental Group

Stock markets in Ireland and the UK are expected to jump this morning on the first day of trading since the Christmas Eve post-Brexit trade deal was secured.

They will also get a boost after US President Donald Trump finally signed off on a $2.3tn (€1.88tn) pandemic aid and spending package.

Germany’s DAX hit a record high in early trading yesterday, spurred by optimism over the trade deal, while other bourses including those in Spain, Italy, France all showed gains.

A number of Irish-listed companies including Irish Ferries owner Irish Continental Group (see shipping container division story), CRH, Smurfit Kappa, DCC, UDG Healthcare and Kingspan will be among those likely to get a lift this morning.

Dublin and London markets were among the only ones closed in Europe yesterday.

For more regards impact of Brexit and US markets, Independent.ie reports here. 

Published in Ferry

#IrishContinental - The Irish Continental Group (ICG) has appointed Mr. David Ledwidge to the position of Chief Financial Officer.

Ledwidge is a Member of the Institute of Chartered Accountants Ireland and a Bachelor of Science graduate from Dublin Institute of Technology. He joined ICG from accountants Deloitte in 2006.

Prior to this newest appointment, he has held various financial positions within ICG, firstly as Group Risk Accountant followed by his appointment as Irish Ferries Financial Controller. In 2013, he was appointed Irish Ferries Finance Director. 

Last month, Andrew Sheen was appointed the new Managing Director of Irish Ferries in which he will assume this role in April.

 

Published in Ports & Shipping
Brittany Ferries seasonal service between Cork (Ringaskiddy) and Roscoff starts this Saturday, writes Jehan Ashmore.
As usual the £100m 'flagship' Pont-Aven re-opens the 11-hour route with the first inbound sailing from the Breton port arriving at Ringaskiddy ferry terminal at 10.00hrs.

The German built 41,700grt vessel stays at the port for an 8 -hour turn-around before making the seasons inaugural outbound sailing to France at 16.00hrs.

Pont-Aven can arguably claim to be the most luxurious 'cruiseferry' operating to Ireland as the vessel has a small number of luxury cabins  incorporating balconies and uniquely to feature a swimming pool.

The swimming pool and leisure area can be covered over by a retractable roof. The option of the 'open-air' swimming pool may prove more popular with her 2,400 passengers as the cruiseferry also operates on a triangular route roster between Roscoff-Plymouth and Plymouth-Santander

Pont-Aven also operates a second Spanish route, Santander-Portsmouth in tandem with Cap Finistère. The 32,728grt cruiseferry last week opened a new route for Brittany Ferries also from Portsmouth to Bilbao, for details click here.

The Bibao route had closed in September when P&O Ferries withdrew from the service which since 1993 has been run by Pride of Bilbao. The 37,583grt was on charter from the Irish Continental Group (ICG) the parent company of Irish Ferries until its sale late last year to a Baltic Sea ferry operator between Helsinki-(Tallinn)-St.Petersburg, for more information click here.

Published in Brittany Ferries
A ferry service to Spain is to start today, which had been previously served by the Irish Continental Group (ICG) owned cruiseferry Pride of Bilbao, writes Jehan Ashmore.
Brittany Ferries 32,728 tonnes Cap Finistere will re-open the Portsmouth-Bilbao route following P&O Ferries closure last September. Since the route opened in 1993 the 37,583 tonnes Pride of Bilbao has been on charter to P&O, initially from her owners Viking Line. In the following year she was sold to the ICG group, a parent company of Irish Ferries.

The Cap Finistere has a 790 passenger / 500 vehicle capacity and the vessel will operate two round trips weekly with each crossing taking 24 hours. Interestingly an additional en-route call to Roscoff is scheduled on Sunday sailings bound for Bilbao which will take 33-hours. This is to facilitate a crew change, as the Cap Finistere does not operate on any of the company routes from France.

In 2009 the P&O service carried 180,000 passengers and 193,000 in 2008 but closed due to "unsustainable losses". There were 800 redundancies but some 150 staff jobs were secured through transfer. Click here for a previous posting. The company were in direct competition with Brittany Ferries existing two routes between Plymouth and Poole to Santander.

The Bilbao route brings the Brittany Ferries operations to five sailings weekly between the UK to Spain, two from Portsmouth to Santander and a single round-trip to Plymouth.

The Pride of Bilbao was sold late last year by ICG to the Baltic Sea based St. Peter Line at a profit of €9.4m. The vessel underwent refurbishment and was renamed Princess Anastasia and next month starts a new St. Petersburg-Stockholm service, with Russian bound sailings calling en route to
the Estonian capital of Tallinn. Click here for more details.

Pride of Bilbao's return to the Baltic is nearly full-circle as the 2,553 passenger / 600 vehicles vessel, built in 1986 as Olympia for Viking Line's also operated out of Stockholm to Helsinki, and at the time was one of the largest overnight passenger capacity ferries in the world.

Published in Brittany Ferries
In the same week that Irish Continental Line (ICG) Group released end of year figures for 2010, their subdidiary Irish Ferries recorded a near 8% rise in passenger volumes and an announcement of a 10 year deal to continue operating on their south Welsh route, writes Jehan Ashmore.
Irish Ferries will maintain running the Rosslare route to Pembroke Dock for the next decade in an agreement signed with the Milford Haven Port Authority. The Pembrokeshire port provides docking and terminal facilities and the decade long contract secures the employment of 60 terminal staff.

The St. Georges channel crossing carries over 300,000 passengers and 80,000 freight annually and is served by the 34,031grt Isle of Inishmore. The ro-pax can handle 2,200 passengers, 802 cars / 152 freight trailers and is scheduled to two daily round trips, on a route that take nearly five hours.

The 1997 Dutch built vessel was first launched onto the central corridor route between Dublin-Holyhead but was transferred to the southern service after the introduction of Ulysses in 2001.

Rosslare-Pembroke Dock sailings only began in 1980, firstly operated by the B+I Line which competed with rival operators Sealink / British Rail (now Stena Line) on services running out of Fishguard.

This route was well established having started operations in 1906 and in an era when the railway companies (in this case the Great Western Railway) developed and owned the ports plus the operation of shipping services on the Irish Sea.

Published in Ferry

The Irish Continental Group (ICG) which is the parent company of Irish Ferries, has warned of 'uncertainty' in 2011 due to higher fuel costs and the effects of the austerity measures in both the Irish and UK economies.

ICG secured a 61% increase in pretax profits in 2010 following an increase in passenger numbers and the sale of  their MV Pride of Bilbao to St. Peter Line (click here) after a long-term charter to P&O Ferries. The 37,583 gross tonnes cruiseferry is to open a new second route for the Baltic Sea operator between St. Petersburg and Stockholm, starting next month.

To read more about ICG's end of year results, click the report in today's Irish Times.

Published in Ferry
22nd February 2011

Enter European Endeavour

As the ro-pax European Endeavour enters the Mersey tonight, the 22,125grt vessel will mark her first round trip as the latest addition on P&O (Irish Sea) Liverpool-Dublin route, writes Jehan Ashmore.
Built in 2000 the vessel can take 130 lorries and has a larger passenger capacity for 210 passengers compared to the existing route's 17,464grt ro-pax sisters Norbay and Norbank. The Dutch built sisters can handle 150 trucks and 114 passengers.

The European Endeavour will enable P&O to offer up to three Ro-Pax style sailings a day on the 7.5 hour route instead of the previous two-plus one Ro-Ro (freight-only operated) service. The 180m vessel is no newcomer on the route as over the last two years the ship has deputised to cover the annual overhauls of the routes' vessels.

The Spanish built vessel directly replaced the Ro-Ro freight ferry Norcape, which made her final sailing on the central corridor route, with the 1979 built vessel berthing at Liverpool's Huskisson Dock in the early hours of Sunday morning. Norcape could take 125 drop trailers but only had 12-passengers cabins (for freight accompanied truck-drivers).

Only last year the Japanese built vessel returned to the Irish Sea route as the Norcape but originally started a career with the B+I Line as their Tipperary on the Dublin –Fleetwood route. The UK port was switched to Liverpool in 1988, in the following year she was sold to North Sea Ferries.

The standing down of the Norcape represents the last vessel of the former B+I Line fleet to have any association with the Irish Sea. In 1991 the Irish state owned shipping company was sold to Irish Continental Group (ICG) which is a parent company of Irish Ferries. At that stage Irish Ferries operated only on the continental routes to France.

To read more about Norcape's final sailing on the Irish Sea route, click here.

Published in Ferry

Ireland's Offshore Renewable Energy

Because of Ireland's location at the Atlantic edge of the EU, it has more offshore energy potential than most other countries in Europe. The conditions are suitable for the development of the full range of current offshore renewable energy technologies.

Offshore Renewable Energy FAQs

Offshore renewable energy draws on the natural energy provided by wind, wave and tide to convert it into electricity for industry and domestic consumption.

Offshore wind is the most advanced technology, using fixed wind turbines in coastal areas, while floating wind is a developing technology more suited to deeper water. In 2018, offshore wind provided a tiny fraction of global electricity supply, but it is set to expand strongly in the coming decades into a USD 1 trillion business, according to the International Energy Agency (IEA). It says that turbines are growing in size and in power capacity, which in turn is "delivering major performance and cost improvements for offshore wind farms".

The global offshore wind market grew nearly 30% per year between 2010 and 2018, according to the IEA, due to rapid technology improvements, It calculated that about 150 new offshore wind projects are in active development around the world. Europe in particular has fostered the technology's development, led by Britain, Germany and Denmark, but China added more capacity than any other country in 2018.

A report for the Irish Wind Energy Assocation (IWEA) by the Carbon Trust – a British government-backed limited company established to accelerate Britain's move to a low carbon economy - says there are currently 14 fixed-bottom wind energy projects, four floating wind projects and one project that has yet to choose a technology at some stage of development in Irish waters. Some of these projects are aiming to build before 2030 to contribute to the 5GW target set by the Irish government, and others are expected to build after 2030. These projects have to secure planning permission, obtain a grid connection and also be successful in a competitive auction in the Renewable Electricity Support Scheme (RESS).

The electricity generated by each turbine is collected by an offshore electricity substation located within the wind farm. Seabed cables connect the offshore substation to an onshore substation on the coast. These cables transport the electricity to land from where it will be used to power homes, farms and businesses around Ireland. The offshore developer works with EirGrid, which operates the national grid, to identify how best to do this and where exactly on the grid the project should connect.

The new Marine Planning and Development Management Bill will create a new streamlined system for planning permission for activity or infrastructure in Irish waters or on the seabed, including offshore wind farms. It is due to be published before the end of 2020 and enacted in 2021.

There are a number of companies aiming to develop offshore wind energy off the Irish coast and some of the larger ones would be ESB, SSE Renewables, Energia, Statkraft and RWE.

There are a number of companies aiming to develop offshore wind energy off the Irish coast and some of the larger ones would be ESB, SSE Renewables, Energia, Statkraft and RWE. Is there scope for community involvement in offshore wind? The IWEA says that from the early stages of a project, the wind farm developer "should be engaging with the local community to inform them about the project, answer their questions and listen to their concerns". It says this provides the community with "the opportunity to work with the developer to help shape the final layout and design of the project". Listening to fishing industry concerns, and how fishermen may be affected by survey works, construction and eventual operation of a project is "of particular concern to developers", the IWEA says. It says there will also be a community benefit fund put in place for each project. It says the final details of this will be addressed in the design of the RESS (see below) for offshore wind but it has the potential to be "tens of millions of euro over the 15 years of the RESS contract". The Government is also considering the possibility that communities will be enabled to invest in offshore wind farms though there is "no clarity yet on how this would work", the IWEA says.

Based on current plans, it would amount to around 12 GW of offshore wind energy. However, the IWEA points out that is unlikely that all of the projects planned will be completed. The industry says there is even more significant potential for floating offshore wind off Ireland's west coast and the Programme for Government contains a commitment to develop a long-term plan for at least 30 GW of floating offshore wind in our deeper waters.

There are many different models of turbines. The larger a turbine, the more efficient it is in producing electricity at a good price. In choosing a turbine model the developer will be conscious of this ,but also has to be aware the impact of the turbine on the environment, marine life, biodiversity and visual impact. As a broad rule an offshore wind turbine will have a tip-height of between 165m and 215m tall. However, turbine technology is evolving at a rapid rate with larger more efficient turbines anticipated on the market in the coming years.

 

The Renewable Electricity Support Scheme is designed to support the development of renewable energy projects in Ireland. Under the scheme wind farms and solar farms compete against each other in an auction with the projects which offer power at the lowest price awarded contracts. These contracts provide them with a guaranteed price for their power for 15 years. If they obtain a better price for their electricity on the wholesale market they must return the difference to the consumer.

Yes. The first auction for offshore renewable energy projects is expected to take place in late 2021.

Cost is one difference, and technology is another. Floating wind farm technology is relatively new, but allows use of deeper water. Ireland's 50-metre contour line is the limit for traditional bottom-fixed wind farms, and it is also very close to population centres, which makes visibility of large turbines an issue - hence the attraction of floating structures Do offshore wind farms pose a navigational hazard to shipping? Inshore fishermen do have valid concerns. One of the first steps in identifying a site as a potential location for an offshore wind farm is to identify and assess the level of existing marine activity in the area and this particularly includes shipping. The National Marine Planning Framework aims to create, for the first time, a plan to balance the various kinds of offshore activity with the protection of the Irish marine environment. This is expected to be published before the end of 2020, and will set out clearly where is suitable for offshore renewable energy development and where it is not - due, for example, to shipping movements and safe navigation.

YEnvironmental organisations are concerned about the impact of turbines on bird populations, particularly migrating birds. A Danish scientific study published in 2019 found evidence that larger birds were tending to avoid turbine blades, but said it didn't have sufficient evidence for smaller birds – and cautioned that the cumulative effect of farms could still have an impact on bird movements. A full environmental impact assessment has to be carried out before a developer can apply for planning permission to develop an offshore wind farm. This would include desk-based studies as well as extensive surveys of the population and movements of birds and marine mammals, as well as fish and seabed habitats. If a potential environmental impact is identified the developer must, as part of the planning application, show how the project will be designed in such a way as to avoid the impact or to mitigate against it.

A typical 500 MW offshore wind farm would require an operations and maintenance base which would be on the nearby coast. Such a project would generally create between 80-100 fulltime jobs, according to the IWEA. There would also be a substantial increase to in-direct employment and associated socio-economic benefit to the surrounding area where the operation and maintenance hub is located.

The recent Carbon Trust report for the IWEA, entitled Harnessing our potential, identified significant skills shortages for offshore wind in Ireland across the areas of engineering financial services and logistics. The IWEA says that as Ireland is a relatively new entrant to the offshore wind market, there are "opportunities to develop and implement strategies to address the skills shortages for delivering offshore wind and for Ireland to be a net exporter of human capital and skills to the highly competitive global offshore wind supply chain". Offshore wind requires a diverse workforce with jobs in both transferable (for example from the oil and gas sector) and specialist disciplines across apprenticeships and higher education. IWEA have a training network called the Green Tech Skillnet that facilitates training and networking opportunities in the renewable energy sector.

It is expected that developing the 3.5 GW of offshore wind energy identified in the Government's Climate Action Plan would create around 2,500 jobs in construction and development and around 700 permanent operations and maintenance jobs. The Programme for Government published in 2020 has an enhanced target of 5 GW of offshore wind which would create even more employment. The industry says that in the initial stages, the development of offshore wind energy would create employment in conducting environmental surveys, community engagement and development applications for planning. As a site moves to construction, people with backgrounds in various types of engineering, marine construction and marine transport would be recruited. Once the site is up and running , a project requires a team of turbine technicians, engineers and administrators to ensure the wind farm is fully and properly maintained, as well as crew for the crew transfer vessels transporting workers from shore to the turbines.

The IEA says that today's offshore wind market "doesn't even come close to tapping the full potential – with high-quality resources available in most major markets". It estimates that offshore wind has the potential to generate more than 420 000 Terawatt hours per year (TWh/yr) worldwide – as in more than 18 times the current global electricity demand. One Terawatt is 114 megawatts, and to put it in context, Scotland it has a population a little over 5 million and requires 25 TWh/yr of electrical energy.

Not as advanced as wind, with anchoring a big challenge – given that the most effective wave energy has to be in the most energetic locations, such as the Irish west coast. Britain, Ireland and Portugal are regarded as most advanced in developing wave energy technology. The prize is significant, the industry says, as there are forecasts that varying between 4000TWh/yr to 29500TWh/yr. Europe consumes around 3000TWh/year.

The industry has two main umbrella organisations – the Irish Wind Energy Association, which represents both onshore and offshore wind, and the Marine Renewables Industry Association, which focuses on all types of renewable in the marine environment.

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