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Displaying items by tag: Brexit Boost

Ferry services running out of Rosslare Europort has reported a 45% jump in freight traffic during January compared to the same period last year.

UK traffic is down 49% for the month, but European freight is up by 446% year-on-year, with "unprecedented demand" for the new direct services which opened up since 1 January between Rosslare and the mainland continent.

Hauliers have been using the services between Rosslare and Dunkirk and Cherbourg in France to avoid the UK landbridge, now that the post-Brexit fallout means extra customs and other checks for traffic entering and exiting the EU.

Meanwhile, the new regime requiring hauliers leaving Ireland for France to produce evidence of a negative Covid-19 test result is reported to be going relatively smoothly.

The first pop-up test centres for commercial drivers only opened in Gorey and Dublin on Thursday, with further "drive-through" centres since opened in Cork and Shannon, and another for truckers due to open at Holmestown outside Wexford town in the coming days.

More here reports RTE News on this record traffic development at Ireland's closest port to mainland Europe. 

Published in Rosslare Europort

At the Port of Cork there has seen a 10% increase in container traffic in the past six weeks.

With a new €86m container terminal due to be commissioned in Ringaskiddy later this year, the port company said it is preparing for a Brexit bounce, with direct services to the continent already expanding.

Cork is a Tier 1 port of national significance, along with Dublin Port and Shannon Foynes.

It is responsible for between 15% and 20% of the overall tonnage that passes through Irish ports and handles an average of 10m tonnes of cargo every year.

Brexit had presented as a threat, but thanks to direct services to the continent, such as the twice-weekly CLdN service between Cork and Zeebrugge, container volumes are up 10% over the past six weeks on this time last year.

CLdN introduced its direct Cork-Zeebrugge service last May The company said "booming demand" has led to the introduction of a second weekly call on the service.

More from RTE News here.

Published in Port of Cork

Stock markets in Ireland and the UK are expected to jump this morning on the first day of trading since the Christmas Eve post-Brexit trade deal was secured.

They will also get a boost after US President Donald Trump finally signed off on a $2.3tn (€1.88tn) pandemic aid and spending package.

Germany’s DAX hit a record high in early trading yesterday, spurred by optimism over the trade deal, while other bourses including those in Spain, Italy, France all showed gains.

A number of Irish-listed companies including Irish Ferries owner Irish Continental Group (see shipping container division story), CRH, Smurfit Kappa, DCC, UDG Healthcare and Kingspan will be among those likely to get a lift this morning.

Dublin and London markets were among the only ones closed in Europe yesterday.

For more regards impact of Brexit and US markets, Independent.ie reports here. 

Published in Ferry

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