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Displaying items by tag: Irish Marine Sector

#PORTS & SHIPPING – Arklow Shipping is further expanding its bulker fleet and moving into the market for larger vessels with an order for three ships in South Korea, according to Tradewinds.

The company which is headquartered in the Co. Wicklow port has booked two 35,000-dwt handysize-bulkers and a general cargoship at Daesun Shipbuilding. TradeWinds sources say Arklow is paying a premium for the ships against more competitive pricing from China.

Brokers price the Daesun bulkers at around $25.5m, which compares to similar deals in China at around $22m. As for the general cargoship, she will be delivered in the first half of 2013 and the bulkers in the second half of the year. Arklow previously signed up for a series of 14,000-dwt multipurpose (MPP) vessels at Mokpo, which later went into administration.

The orders were then passed on to Sekwang Shipbuilding only for it also to fall into financial difficulties. Daesun has had its problems too and was delisted from the Seoul Stock Exchange in April as it did not meet the bourse's financial requirements.

The latest order appears to have taken Arklow's owned fleet into the larger-handysize segment. So far it has focussed mainly on bulkers, general-cargo and MPP ships up to 14,000 dwt. It has a fleet of 55 ships including 12 newbuildings, most of which are registered in the Republic of Ireland. Arklow declines to comment on the Daesun order.

Published in Ports & Shipping
EU Commission Launches €6.4 billion for Smart Growth and Jobs
The European Union has opened its latest round of financial support for collaborative research and innovation announcing nearly €6.4 billion in new investment under its 7th Framework Research Programme (2007-2013).
This new call offers a range of competitive opportunities to support collaborative pan-European research across a number of sectors including health, food, ICT, energy environment, maritime transport, etc., as well as support for regional and specialist research infrastructures and support for SMEs.
According to the Commission Press Release, the package, the biggest ever, covers a vast range of scientific disciplines, public policy areas and commercial sectors. This funding will advance scientific boundaries, increase European competitiveness and help solve societal challenges such as climate change, energy and food security, health and an ageing population.
Around 16,000 participants from research organisations, universities and industry, including about 3,000 SMEs, will receive funding. Grants will be awarded through competitive calls for proposals and evaluations over the next 14 months. This package is an economic stimulus expected to create more than 165,000 jobs and a long-term investment in a smarter, sustainable and more inclusive Europe. It is also a key element within the EU's Europe 2020 Strategy and in particular the Innovation Union flagship initiative, which will be launched in autumn 2010.
A summary of opportunities relevant to the marine sector and direction to further sources of information is available in the attached FP7 Marine Information Note MarineSciencesFundingOpportunitiesinFP7July2010.pdf

€6.4 billion EU Fund for Smart Growth and Jobs has Opportunities for Irish Marine Sector.

The European Union has opened its latest round of financial support for collaborative research and innovation announcing nearly €6.4 billion in new investment under its 7th Framework Research Programme (2007-2013) and there are opportunities relevant to the Irish marine sector.

This new call offers a range of competitive opportunities to support collaborative pan-European research across a number of sectors including health, food, ICT, energy environment, maritime transport, etc., as well as support for regional and specialist research infrastructures and support for SMEs.
According to the Commission Press Release, the package, the biggest ever, covers a vast range of scientific disciplines, public policy areas and commercial sectors. This funding will advance scientific boundaries, increase European competitiveness and help solve societal challenges such as climate change, energy and food security, health and an ageing population. 
Around 16,000 participants from research organisations, universities and industry, including about 3,000 SMEs, will receive funding. Grants will be awarded through competitive calls for proposals and evaluations over the next 14 months. This package is an economic stimulus expected to create more than 165,000 jobs and a long-term investment in a smarter, sustainable and more inclusive Europe. It is also a key element within the EU's Europe 2020 Strategy and in particular the Innovation Union flagship initiative, which will be launched in autumn 2010.
A summary of opportunities relevant to the marine sector and direction to further sources of information is available in the attached FP7 Marine Information Note MarineSciencesFundingOpportunitiesinFP7July2010.pdf

Published in Marine Science

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!

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