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Displaying items by tag: Delayed WB Yeats

#FerryNews - A bill of up to €7 million faces Irish Ferries for cancelling scheduled French services following delays by a German shipbuilder in finishing a new craft for the company.

The ferry operator writes The Irish Times, was forced to cancel sailings of its new ship, the WB Yeats, from Dublin to France, beginning on July 30th, because its builder, Flensburger Schiffbau-Gesellschaft (FSG), had told the Irish firm that the craft would not be ready on time.

Industry analysts at stockbrokers Goodbody and Investec calculated that the cancellations, along with the resulting compensation and rebooking of passengers on alternative services, could cost €4.5 million.

Eamon Rothwell, chief executive of the ferry company’s parent, Irish Continental Group, recently estimated that earlier cancellations, also resulting from FSG’s failure to finish the WB Yeats on schedule, would cost €2.5 million.

As a result, the delay in finishing the WB Yeats leaves the shipping group facing extra costs of €7 million at its busiest time of year.

To read more on this story, click here. 

As previously covered on Afloat the newbuild cruiseferry had originally been scheduled to launch sailings earlier on July 12th, click related report here. 

Published in Ferry

#FerryNews - Irish Ferries parent company, Irish Continental Group (ICG) said its revenues rose by 1.4% to €96.4m in the first four months of the year.

A trading statement from the company reported an increase in its consumer and freight business during the period.

But ICG said it had taken a €2.5m revenue hit relating to the delay in the arrival of its new WB Yeats ferry.

The ferry had been due to start sailing on the Dublin-Cherbourg route on July 12, but the company making the vessel said its delivery would be delayed which resulted in ICG cancelling a number of sailings.

For more from RTE News click here. 

Published in Ferry

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!