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Displaying items by tag: The Irish Maritime Transport Economist

The 19th and latest edition of the Irish Maritime Transport Economist, a report produced by the Irish Maritime Development Office (IMDO) on Ireland’s maritime freight industry, has been published today (Monday 23 May) and makes for encouraging reading for the ports and shipping sector.

This edition reports on 2021, a year marked by the reorganisation of Irish supply chains following the end of the Brexit transition period, and a rebounding of demand in port traffic as COVID-19 restrictions were gradually eased.

The year under review was one of significant change in the RoRo freight market. With the end of the Brexit transition period came a surge in the demand for services on direct routes between Irish ports and mainland European ports.

RoRo traffic on these services rose by 94% compared to 2020. This demand was driven largely by a reduction in the use of the UK Landbridge. RoRo traffic to ports in Great Britain declined by 22% as a result of the shift in Landbridge traffic and also the redirection of Northern Irish traffic from ports in the Republic of Ireland to services through Belfast, Larne and Warrenpoint.

Direct EU traffic now represents one third of all RoRo volume, compared to 17% in recent years. In addition, LoLo traffic, the majority of which moves on direct routes to mainland Europe, increased to record levels, growing by 11% to just under 1.2m TEU’s.

Last year was also one of resurgent demand for Irish port traffic, as COVID-19 restrictions were gradually lifted and economic activity began its return towards pre-pandemic levels.

Break bulk traffic, made up largely of construction materials, rose significantly as Ireland’s construction industry regained momentum. Liquid bulk volumes increased gradually throughout the year and by the fourth quarter, were back at 2019 volumes.

In the RoRo passenger sector, numbers began to rise rapidly following the introduction of the EU’s Digital COVID Certificate which facilitated a return to international travel. 

And in the RoRo market, the number of weekly sailings to mainland European ports rose from 30 sailings per week to more than 60 at different points throughout the year. Two new entrants arrived into the RoRo market in 2021, such that now there are six shipping companies offering 13 different direct RoRo services to mainland EU ports, increasing capacity in what is a dynamic and competitive market. 

Commenting on the 19th edition of the IMTE, Hildegarde Naughton, Minister of State for International and Road Transport and Logistics, said: “I commend all stakeholders who contributed to the Brexit response and would like to express my appreciation for their efforts in maintaining Ireland’s connectivity to both GB and European markets.

“Ireland’s maritime industry was instrumental in maintaining a strong, connected economy throughout the monumental challenges of Brexit and COVID-19. I would like to acknowledge the efforts of the ports and shipping sectors and express my thanks for the invaluable services they provide.”

Liam Lacey, director of the IMDO, commented on the year ahead: “There are many reasons to be positive about the future of the Irish shipping industry. Demand is expected to rise further in 2022 as the effects of COVID-19 dissipate, and the period of greatest Brexit-related uncertainty passes.

“However, many new challenges lie ahead. The IMDO will continue to monitor these closely and report on the impacts for the Irish maritime industry.”

The Irish Maritime Transport Economist, Volume 19 is available to read and download on the IMDO website HERE.

Published in Ports & Shipping

RORC Fastnet Race

This race is both a blue riband international yachting fixture and a biennial offshore pilgrimage that attracts crews from all walks of life:- from aspiring sailors to professional crews; all ages and all professions. Some are racing for charity, others for a personal challenge.

For the world's top professional sailors, it is a 'must-do' race. For some, it will be their first-ever race, and for others, something they have competed in for over 50 years! The race attracts the most diverse fleet of yachts, from beautiful classic yachts to some of the fastest racing machines on the planet – and everything in between.

The testing course passes eight famous landmarks along the route: The Needles, Portland Bill, Start Point, the Lizard, Land’s End, the Fastnet Rock, Bishop’s Rock off the Scillies and Plymouth breakwater (now Cherbourg for 2021 and 2023). After the start in Cowes, the fleet heads westward down The Solent, before exiting into the English Channel at Hurst Castle. The finish for 2021 is in Cherbourg via the Fastnet Rock, off the southern tip of Ireland.

  • The leg across the Celtic Sea to (and from) the Fastnet Rock is known to be unpredictable and challenging. The competitors are exposed to fast-moving Atlantic weather systems and the fleet often encounter tough conditions
  • Flawless decision-making, determination and total commitment are the essential requirements. Crews have to manage and anticipate the changing tidal and meteorological conditions imposed by the complex course
  • The symbol of the race is the Fastnet Rock, located off the southern coast of Ireland. Also known as the Teardrop of Ireland, the Rock marks an evocative turning point in the challenging race
  • Once sailors reach the Fastnet Rock, they are well over halfway to the finish in Cherbourg.

Fastnet Race - FAQs

The 49th edition of the biennial Rolex Fastnet Race will start from the Royal Yacht Squadron line in Cowes, UK on Sunday 8th August 2021.

The next two editions of the race in 2021 and 2023 will finish in Cherbourg-en-Cotentin at the head of the Normandy peninsula, France

Over 300. A record fleet is once again anticipated for the world's largest offshore yacht race.

The international fleet attracts both enthusiastic amateur, the seasoned offshore racer, as well as out-and-out professionals from all corners of the world.

Boats of all shapes, sizes and age take part in this historic race, from 9m-34m (30-110ft) – and everything in between.

The Fastnet Race multihull course record is: 1 day 4 hours 2 minutes and 26 seconds (2019, Ultim Maxi Edmond de Rothschild, Franck Cammas / Charles Caudrelier)

The Fastnet Race monohull course record is: 1 day, 18 hours, 39 minutes (2011, Volvo 70, Abu Dhabi Ocean Racing).

David and Peter Askew's American VO70 Wizard won the 2019 Rolex Fastnet Race, claiming the Fastnet Challenge Cup for 1st in IRC Overall.

Rolex SA has been a longstanding sponsor of the race since 2001.

The first race was in 1925 with 7 boats. The Royal Ocean Racing Club was set up as a result.

The winner of the first Fastnet Race was the former pilot cutter Jolie Brise, a boat that is still sailing today.

Cork sailor Henry P F Donegan (1870-1940), who gave his total support for the Fastnet Race from its inception in 1925 and competed in the inaugural race in his 43ft cutter Gull from Cork.

Ireland has won the Fastnet Race twice. In 1987 the Dubois 40 Irish Independent won the Fastnet Race overall for the first time and then in 2007 – all of twenty years after Irish Independent’s win – Ireland secured the overall win again this time thanks to Ger O’Rourke’s Cookson 50 Chieftain from the Royal Western Yacht Club of Ireland in Kilrush.

©Afloat 2020

Fastnet Race 2023 Date

The 2023 50th Rolex Fastnet Race will start on Saturday, 22nd July 2023

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At A Glance – Fastnet Race

  • The world's largest offshore yacht race
  • The biennial race is 695 nautical miles - Cowes, Fastnet Rock, Cherbourg
  • A fleet of over 400 yachts regularly will take part
  • The international fleet is made up of over 26 countries
  • Multihull course record: 1 day, 8 hours, 48 minutes (2011, Banque Populaire V)
  • Monohull course record: 1 day, 18 hours, 39 minutes (2011, Volvo 70, Abu Dhabi)
  • Largest IRC Rated boat is the 100ft (30.48m) Scallywag 100 (HKG)
  • Some of the Smallest boats in the fleet are 30 footers
  • Rolex SA has been a longstanding sponsor of the race since 2001
  • The first race was in 1925 with 7 boats. The Royal Ocean Racing Club was set up as a result.

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