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Displaying items by tag: Sanctions

The ban on Russian vessels entering Irish ports on the foot of sanctions from the European Union amid the continuing invasion of Ukraine is being extended to locks from the Friday (29 July).

An amended version of Marine Notice No 19 of 2022, attached below, outlines that all Irish ports (after 16 April) and locks (after 29 July) are directed to deny entry to any ship, yacht or recreational craft registered under the flag of Russia.

As previously reported on Afloat.ie, exceptions may be made, pending approval by the relevant authorities, for the transport of fossil fuels; metals and chemicals; pharmaceutical, medical, agricultural and food products; and humanitarian purposes.

The ban is also waived in the case of a vessel in need of assistance seeking a place of refuge, of an emergency port call for reasons of maritime safety, or for saving life at sea.

Published in Irish Ports

Russian vessels will be denied entry into Irish ports after this Saturday 16 April on the foot of sanctions from the European Union amid the ongoing invasion of Ukraine.

As the latest Marine Notice from the Department of Transport outlines, all Irish ports are directed to deny entry to any ship, yacht or recreational craft registered under the flag of Russia.

The ban also applies to any such vessel that changed the registration or flag of the vessel from the Russian Federation to another state on or after 24 February this year.

Exceptions may be made, pending approval by the relevant authorities, for the transport of fossil fuels; metals and chemicals; pharmaceutical, medical, agricultural and food products; and humanitarian purposes.

The ban is also waived in the case of a vessel in need of assistance seeking a place of refuge, of an emergency port call for reasons of maritime safety, or for saving life at sea.

Further details can be found in Marine Notice No 19 of 2022, attached below.

Published in Irish Ports

A superyacht owned by a Russian billionaire businessman has been seized by Italian police in the same week as he was targeted by EU sanctions in the wake of the war in Ukraine.

As the Guardian reports, mining magnate Alexei Mordashov’s 65m yacht Lady M was impounded in the port of Imperia, a city on Italy’s Ligurian Sea coast.

Two other Russian oligarchs also had yachts seized in Imperia and La Ciotat, between Nice and Toulon in France, as the European Union moved to freeze assets in reaction to Russia’s invasion of Ukraine which began in 24 February.

Lady M — which visited Belfast and Cumbria in 2017 — was delivered in 2013 by US yacht builder Palmer Johnson and is valued by Forbes magazine at some $27 million.

The Guardian has more on the story HERE.

Published in Superyachts
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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.

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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.”