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Displaying items by tag: BrexitBuster ferries

#ferries - On top of the roof of Dublin Port Company's headquarters, you can see lots of building work amidst all the docked ships at the River Liffey's mouth.

And while that construction is not entirely Brexit-related, management at the port, BBC News reports, says it has to be prepared for the possibility of a no-deal and any potential economic fallout.

The UK is scheduled to leave the EU on 29 March, whether or not there is a negotiated deal. British Prime Minister Theresa May is hoping that her draft Withdrawal Agreement will get through the House of Commons, but preparations are under way in case it does not.

There is agreement across Irish society that Brexit will have an adverse effect on the country, but the worst scenario as far as the Irish government is concerned is that the UK leaves without a negotiated settlement. Politicians here refer to that option as a "hard" Brexit.

The International Monetary Fund forecasts that Ireland's economic growth would take a 4% hit "in the long run" if there is a "cliff-edge" break with the EU, because of the highly integrated nature of the Irish and UK economies.

And the independent Dublin-based think tank The Economic and Social Research Institute estimates that a "hard" Brexit could cost households up to €1,400 (£1,260) a year, because of a potential increase in food prices and possible trade tariffs.

Despite no-one in authority being in a position to predict how Brexit will unfold, the Irish government has already announced plans for an extra 1,000 customs and veterinary staff to work at Dublin and Rosslare ports and at airports, as well as new money to train people in sectors likely to be badly affected.

It has organised a series of very well-attended roadshows around the country with the involvement of state agencies with the theme "Getting Ireland Brexit Ready" for every Brexit scenario.

And there is evidence that more companies - worried about possible delays and resulting costs at Dover - are forsaking the UK land-bridge (incl. Holyhead) and for the new "Brexit-busting" super-ferries (see Afloat's report) that would sail directly between Dublin and Zeebrugge and Rotterdam, bypassing uncertainty in Britain.

It is too early to say what impact they are having, but the development is seen as significant.

There is an Irish political and economic consensus on Brexit.

For political reasons there is widespread agreement that there has to be a so-called "backstop" unless and until there is a wider trade agreement to avoid a hard border on the island of Ireland.

It is feared that such a border could risk a return to violence after a hard-won peace.

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Published in Ferry

As an island economy, a healthy maritime sector is key to our national competitiveness. Virtually all our imports and exports pass through Irish ports.

Ireland is dependent on ports and shipping services to transport goods and 90% of our trade is moved though Irish ports. Shipping and maritime transport services make a significant contribution to Ireland’s ocean economy, with the sector generating €2.3 billion in turnover and employing over 5,000 people in 2018.

Ireland’s maritime industry continues to grow and progress each year with Irish ports and shipping companies making significant investments. The ports sector in Ireland is currently undergoing a number of expansions and developments with Dublin Port’s Alexandra Basin development, the development of Ringaskiddy in Cork by Port of Cork and the development of Shannon Foynes Port. Along with these major investments, shipping companies are also investing heavily in new tonnage, with Irish Ferries, CLdN and Stena leading new build programmes.

These pages cover the following sectoral areas: shipowners, harbour authorities, shipbrokers, freight forwarders and contractors, cruise liner operators, port users, seamen, merchants, academic institutions, shipyards and repair facilities, naval architects, navy and defence personnel.

Our pages are covering some of the most notable arrivals around our coast and reporting too on port development and shipping news.

This section of the site deals with Port and Shipping News on our largest ports Dublin Port, Port of Cork, the Shannon Estuary, Galway Harbour and Belfast Lough.

A recent study carried out for the Irish Ports Association (IPA) totalled 75.7 billion during 2004 and their net economic impact was some 5.5 billion supporting around 57, 500 full time employees.

Liam Lacey, Director of the Marine Institute’s Irish Maritime Development Office (IMDO) said, “The Irish maritime industry can look to the future with confidence. It has shown itself to be resilient and agile in responding to challenges. Over the past decade, it has had to respond to the challenges of the financial crisis of 2008, the uncertainty surrounding Brexit and recent challenges. Ireland’s maritime sector has continued to underpin our economy by maintaining vital shipping links for both trade and tourism.”