Displaying items by tag: Maritime Leasing in China

20th February 2016

Shipping Review: Maritime Ireland in China, Record Trade Surplus & Shannon Almost Peaks

#ShippingReview – Jehan Ashmore reviews the shipping scene over the last fortnight and where among the stories are outlined below.

At a Sino-Irish business seminar, director of the IMDO Liam Lacey spoke of the 'challenges and opportunities in the aviation and maritime leasing sectors and the implications for Ireland and China’.

Irish exports saw a hike of 20% to just over €111bn in 2015 boosted by the pharma and medical sectors, that drove the trade surplus to a record level.

Shannon Foynes Port Company tonnage throughput in 2015 almost reached the peak of the last decade and is evidence of a recovery taking hold in the regions.

The Department of Transport has issued details of new SOLAS requirements for the verification of the gross mass of shipping containers following concerns in the industry internationally over mis-declaration of container weights.

An Irish-owned ship was detained by Arab coalition forces on suspicion of smuggling arms to Yemen.

A trailing suction hopper dredger is kept busy clearing the shipping channel on Waterford Estuary between Belview Port and the open sea.

Published in Ports & Shipping

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The Kingstown to Queenstown Yacht Race or 'K2Q', previously the Fastnet 450

The Organising Authority ("OA") are ISORA & SCORA in association with The National Yacht Club & The Royal Cork Yacht Club.

The Kingstown to Queenstown Race (K2Q Race) is a 260-mile offshore race that will start in Dun Laoghaire (formerly Kingstown), around the famous Fastnet Rock and finish in Cork Harbour at Cobh (formerly Queenstown).

The K2Q race follows from the successful inaugural 'Fastnet 450 Race' that ran in 2020 when Ireland was in the middle of the COVID Pandemic. It was run by the National Yacht Club, and the Royal cork Yacht Club were both celebrating significant anniversaries. The clubs combined forces to mark the 150th anniversary of the National Yacht Club and the 300th (Tricentenary) of the Royal Cork Yacht Club.

Of course, this race has some deeper roots. In 1860 the first-ever ocean yacht race on Irish Waters was held from Kingstown (now Dun Laoghaire) to Queenstown (now Cobh).

It is reported that the winner of the race was paid a prize of £15 at the time, and all competing boats got a bursary of 10/6 each. The first race winner was a Schooner Kingfisher owned by Cooper Penrose Esq. The race was held on July 14th 1860, and had sixteen boats racing.

In 2022, the winning boat will be awarded the first prize of a cheque for €15 mounted and framed and a Trophy provided by the Royal Cork Yacht Club, the oldest yacht club in the world.

The 2022 race will differ from the original course because it will be via the Fastnet Rock, so it is a c. 260m race, a race distance approved by the Royal Cornwall Yacht Club as an AZAB qualifier.

A link to an Afloat article written by WM Nixon for some history on this original race is here.

The aim is to develop the race similarly to the Dun Laoghaire–Dingle Race that runs in alternate years.

Fastnet 450 in 2020

The South Coast of Ireland Racing Association, in association with the National Yacht Club on Dublin Bay and the Royal Cork Yacht Club in Cork, staged the first edition of this race from Dun Laoghaire to Cork Harbour via the Fastnet Rock on August 22nd 2020.

The IRC race started in Dun Laoghaire on Saturday, August 22nd 2020. It passed the Muglin, Tuscar, Conningbeg and Fastnet Lighthouses to Starboard before returning to Cork Harbour and passing the Cork Buoy to Port, finishing when Roches's Point bears due East. The course was specifically designed to be of sufficient length to qualify skippers and crew for the RORC Fastnet Race 2021.