Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: business plan

#BusinessPlan - The south east Port of Waterford is to increase it's annual revenue by almost a third over the next four years, reports WLR FM.

The Waterford Harbour Board celebrated it's bicentenary this week with an event held in City Hall, during which the port's business plan for 2020 was revealed.

It sets out a strategy for growth at the Belview facility through a €7 million investment into capital projects, infrastructure and services.

Frank Ronan is CEO of the Port of Waterford Company says it's hoped that will yield an increase in revenue of €3 million over four years

Published in Ports & Shipping

#NaomhÉanna – Marine restoration specialists Irish Ship & Barge Fabrication Co in co-operation with the Naomh Éanna Trust's Save Our Ship (SOS) campaign group are to present a €1.86m business plan today to Heritage Minister, Jimmy Deenihan.

As previously reported on Afloat.ie, the minister had called for a 'concrete business plan' and today's presentation of the business plan will be using private funds to restore Ireland's oldest surviving merchant vessel, the former Aran Islands passenger, freight and cattle-carrying ferry.

The group need the minister to intervene and halt the scrapping by Waterways Ireland of the Liffey Dockyard ship completed in 1958 as the reprieve date expires next Monday, 31 March.

The plan was prepared in only 4 weeks and proposes a number of commercial activities on board the Naomh Éanna after restoration: a 82-bed boutique hostel, a 46-seat restaurant, an interactive museum and a micro-brewery plus a café seating 60 people.

Galway Port Company have offered a berth for the restored Naomh Éanna in which CIE had operated the 137ft vessel on the three-hour service to the Aran Islands until 1988. She then sailed to Dublin Port and in the following year she was transferred to the Irish Nautical Trust and berthed in Grand Canal Basin.

The plan describes how the vessel could be repaired in a dry dock in Dublin. Engineers are confident the antique machinery in the ship can be returned to service and the ship will return to her home city under her own steam.

 

Published in Historic Boats
2nd February 2012

Fastnet Line Closes For Good

#FERRY NEWS - The Fastnet Line ferry service between Cork and Swansea is to close with the loss of 78 jobs.

As previously reported on Afloat.ie, the operator had been in examinership since last November, and a restructured business plan had been submitted with a view to resuming high-season service in April.

However, in a statement the owners of the Fastnet Line said they had been unable to raise the €1m-plus investment required and that the examinership had "failed".

All 78 jobs will be lost as the company is set to be placed in receivership or liquidation later today.

The Fastnet Line - which was worth around €30 million to Cork in tourist spending - made its maiden voyage from Swansea to Cork in 2010, and was the only direct passenger and freight link between Wales and the south coast of Ireland.

The Irish Times has more on the story 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!