#FLOODING - The clean-up has begun across Cork city and county after heavy flooding over the past two days resulted in millions of euro worth of damage, as The Irish Times reports.

Debris blocking a rubbish screen on a new culvert on the Douglas river has been blamed for the more than four feet of flood water that swamped the suburb of Douglas south of Cork city.

Elsewhere in the city, six people were evacuated from homes in the Meadow Brook Estate in Glanmire after the Glashaboy river burst its banks.

RTÉ News - which has a photo gallery of affected areas in and around Cork - reports that electricity is being restored to most customers after widespread power outages.

Met Éireann's Eoin Sherlock said that nearly 50mm of rain fell in a single six-hour period on Wednesday night - more than two-thirds of the monthly average rainfall for June.

Meanwhile, in Belfast politicians face public anger over flash flooding overwhelmed the city and left major routes impassable and sparked concerns over rising sewage water.

According to the Irish Independent, Northern Ireland emergency services reported more than 700 call-outs linked to the flooding in greater Belfast alone.

Minister for Regional Development Danny Kennedy, who is responsible for the North's roads and water system, said that "no infrastructure would have been able to cope with the level of rainfall that we have seen.

"It simply isn't designed to cope with those volumes of rain."

#PORTOFCORK – The Port of Cork today officially marked the expansion of the container handling facility at the Sean Lemass Deepwater Terminal, Ringaskiddy. These additional handling facilities have enabled the Port of Cork and global shipping company, Maersk to commence their first ever direct service to Ireland which now operates weekly, starting in the Mexican port of Vera Cruz and calling to Costa Rica, Belize and Panama before reaching Cork. This new service has enabled the Port of Cork to greatly increase efficiency both in imports and exports.

The Port of Cork has invested €2.9 million to bring this new service to fruition, with the investment in a new container compound and with the purchase of a new electric RTG (Rubber Tyred Gantry).

Port of Cork Chairman, Dermot O'Mahoney explained how this expansion is essential both for the port and for the local economy "The investment by the Port of Cork in this new facility demonstrates our commitment as a port to continue to grow the container business which in turn, provides a much needed stimulus in Ireland's import and export trade. Over the coming months, we will be embarking on new projects to continue to grow our facilities and to attract more services such as this into Cork.

"The vessels being used for this service are some of the largest of their type to be accommodated in the port, highlighting the deep-water capabilities of the port and the excellent facilities we have in place to handle such a service," he continued.

This new service sees a return of the banana trade with Fyffes to Cork which has not been seen in the port since the 1980s.

#COASTAL NOTES - Providence Resources has struck big off the south coast of Cork with an oil flow that could be worth billions of euro to the beleaguered Irish economy.

According to the Guardian, the Dublin-based company announced yesterday that oil had started to flow successfully from its Barryroe structure in the north Celtic Sea at nearly twice the rate previously projected.

Providence Resources CEO Tony O'Reilly Jr said the discovery was a "seminal day for Ireland, especially in the runup to St Patrick's Day."

Last month the firm had confirmed the presence of light oil with its first appraisal well at the site, a situation described by its technical director as "extremely encouraging".

Now that a steady flow has been achieved, future extraction from the oil field - comparable to a medium-to-large North Sea field - can surely proceed, which now puts pressure on the Government to grand permission for further exploration around the Irish coast.

As previously reported on Afloat.ie, plans by Providence Rescources to prospect for oil on the east coast off Dalkey Island have been met with fierce opposition by mainland residents and environmental groups.

The Guardian has much more on the story HERE.

#ROYAL CORK - It was "uncharted waters" for the Royal Cork Yacht Club in Crosshaven last night as it hosted its first ever film screening, a showing of the John Huston classic Moby Dick.

The epic adventure, starring Gregory Peck, was shot on location in nearby Youghal, and tells the story of the obsessed Captain Ahab's pursuit of the titular whale.

Joleen Cronin of the Crosshaven Film Club told the Irish Examiner: "There are lots of people throughout Cork who were involved in the making of the film and it’s a real celebration of movie making and special effects for its time."

The screening is hoped to be the first of many special events at the world's oldest yacht club, which will be hosting the biennial Cork Week regatta from 7-13 July.

#POWER FROM THE SEA - An Irish firm has landed a contract to provide a wave device for a new offshore energy test site in Cornwall, Siliconrepublic reports.

Ocean Energy, which is based in Cork, will deploy its first full-scale wave energy device at Wave Hub - described as an 'electrical socket' for testing wave power technology - off Hayle in north Cornwall by the end of the year.

The technology behind the buoy-type device, which will cost €9 million, has been developed over the past three years via a quarter-scale prototype in Galway Bay.

Using the principle of the oscillating water column, the device works by channeling water through a submerged chamber that forces air through a turbine above the surface.

The full-scale unit is expected to generate enough electricity to power as many as 1,200 homes.

Siliconrepublic has more on the story HERE.

#NEWS UPDATE - RTÉ News reports that a body found in Glandore Harbour today is that of Tit Bonhomme skipper Michael Hayes.

The body of the 52-year-old from Helvick Head in Co Waterford, who went missing more than three weeks ago, was discovered floating close to the mouth of the harbour around lunchtime by his brother, Garda Chief Spt Tom Hayes, according to The Irish Times.

As previously reported on Afloat.ie, the search operation in Glandore is being wound down this week after the remains of three of the five missing crew were recovered. Egyptian crewman Said Mohammed (23) - also known as Saied Ali Eldin - is still missing.

The fishing vessel Tit Bonhomme ran aground and went down in rough seas near Adam's Rock, at the mouth of Glandore Harbour, on Sunday 15 January.

Only one crewmember, 43-year-old Abdul Mohammed, is confirmed alive after he was able to reach the shore.

#SWANSEA CORK FERRY – The merchant ship MV Julia which operated as the Cork Swansea Ferry for the last two years is up for sale following the closure of The Fastnet Line ferry service and the loss of 78 jobs.

According to Dominic Daly Auctioneers the owners of the 1982–built vessel, a Finnish Bank, are inviting offers for the vessel on an 'AS SEEN AS IS' basis'. A guide price is expected shortly

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".

The ship is currently lying alongside at Cork Port.

The basic details of the vessel are as follows:

IMO Number: 8020642

Year of Build: 1982 (Germany)

Gross Tonnage: 22,161

DWT: 2,880

Net Tonnage: 8,921

LOA: 153.4

Length (BP): 136.02

Breadth: 24.24

Draught: 5.82

Height: 43.0

Displacement: 12,380

Passengers: Unberthed: 1,062

Cabins 344

Berths: 938

Crew: 110

Lorries: 110

Cars: 550

Ro-Ro Lanes: 710m x 5.20m 4.50m

Ramps: 1 Port 5.56 x 6.16 x 0

1 Starboard 5.56 x 6.16 x 0

1 Centre Or Only 9.95 x 6.68 x 0

Bow Door & Ramp, Stern Ramp

#TALL SHIPS - The flagship vessel for an Asgard-type sail training programme in Cork has been locked up in a boatyard since 2007, the Irish Examiner reports.

The Omar B was supposed to be the focus of a Youthreach project based in Bantry for early school leavers. But the schooner has spent the last four-plus years in storage in Baltimore, and has been deteriorating due to lack of maintenance - despite the scheme still notionally running, the newspaper report says.

Five two-man dinghies purchased with grant money have also reportedly spent most of 2011 in storage.

Co Cork's VEC has now put the €150,000 sailing programme under review following concerns over storage costs and lack of direction for the project.

The 75ft Omar B was donated to the CCVEC by owner and builder Don Attig in 2003 and refitted for use by students thanks to generous voluntary funding. Attig said the boat was of immense benefit to students who would not otherwise be in education.

The Irish Examiner has much more on the story HERE.

#ANGLING - Ireland's south coast will play host to the first Irish Bass Festival this July.

Created and organised by Absolute Fishing, the lure angling event is open to all shore anglers at various venues between Tramore and Dungarvan in Co Waterford, which provide some of the best bass fishing in Europe.

The Irish Bass Festival will operate on catch-and-release rules, with anglers having to photograph their fish, using their own measuring board combined with a unique ID card provided by the organisers.

Competing anglers are also free to roam and fish anywhere along the coastline from Wexford to Cork - provided they're back in time to register their fish!

Details on requirements, reception and fishing times are available on the Irish Bass Festival website HERE.

#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.