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Displaying items by tag: Shipping Optimistic

#Ports&Shipping –The latest IMDO Weekly Shipping Market Review includes the following stories as detailed below.

Shipping Industry: Optimistic outlook - A majority of shipping companies expect their turnover and profits to increase during 2014, according to a survey from German shipping lender HSH Nordbank, as reported by Lloyd's List. Of the 51 companies surveyed, 59% reported expectations of increased sales during the current year, with 43% projecting rising profits.

Technology & Innovation: First orders for ethane-fuelled vessels - Three new ethane-powered ships or liquefied ethylene gas carriers (LEGCs) – the first vessels to be powered by ethane – have been ordered by Ocean Yield ASA of Norway, according to Ship & Bunker. Man Diesel, suppliers of the ships' engines, advocates the benefits of ethane as a fuel alternative. They claim ethane is less expensive and requires less bunkering time than heavy fuel oil (HFO).

Irish Economy: CEO confidence rising - A CEO Pulse survey carried out by PwC saw 86% of Irish CEO's expressing their confidence regarding Ireland's economy. The survey was based on the views of 250 CEOs in Ireland and saw an increase of 31% in positivity from CEOs when compared to the same time last year. Despite respondents showing a considerable increase in positive sentiment towards the wider economy and their own businesses, many still reported challenges facing their businesses in the coming years with 86% viewing the increasing tax burden as a major challenge

For more on each of the above and other stories click the PDF downloadable IMDO Weekly Markets Review (Week 30). In addition to coverage on Afloat.ie's dedicated Ports & Shipping News.

 

Published in Ports & Shipping

The Round Britain & Ireland Race

The 2022 Sevenstar Round Britain and Ireland Race will feature a wide variety of yachts racing under the IRC rating rule as well as one design and open classes, such as IMOCA, Class40 and Multihulls. The majority of the fleet will race fully crewed, but with the popularity of the Two-Handed class in recent years, the race is expected to have a record entry.

The Sevenstar Round Britain and Ireland Race starts on Sunday 7th August 2022 from Cowes, Isle of Wight, UK.

The 2022 Sevenstar Round Britain and Ireland Race is organised by The Royal Ocean Racing Club in association with The Royal Yacht Squadron.

It is run every four years. There have been nine editions of the Round Britain and Ireland Race which started in 1976 Sevenstar has sponsored the race four times - 2006, 2010, 2014, 2018 and has committed to a longterm partnership with the RORC

The 2022 Sevenstar Round Britain and Ireland Race is a fully crewed non-stop race covering 1,805 nautical miles and is open to IRC, IRC Two Handed, IMOCA 60s, Class40s, Volvo 65s and Multihulls that will race around Britain and Ireland, starting from the Royal Yacht Squadron line in Cowes on the Isle of Wight starting after Cowes Week on Sunday 7 August 2022

The last edition of the race in 2018 attracted 28 teams with crews from 18 nations. Giles Redpath's British Lombard 46 saw over victory and Phil Sharp's Class40 Imerys Clean Energy established a new world record for 40ft and under, completing the course in 8 days 4 hrs 14 mins 49 secs.

The 1,805nm course will take competitors around some of the busiest and most tactically challenging sailing waters in the world. It attracts a diverse range of yachts and crew, most of which are enticed by the challenge it offers as well as the diversity and beauty of the route around Britain and Ireland with spectacular scenery and wildlife.

Most sailors agree that this race is one of the toughest tests as it is nearly as long as an Atlantic crossing, but the changes of direction at headlands will mean constant breaks in the watch system for sail changes and sail trim

Sevenstar Round Britain & Ireland Race Records:

  • Outright - OMA07 Musandam-Oman Sail, MOD 70, Sidney Gavignet, 2014: 3 days 03:32:36
  • Monohull - Azzam Abu Dhabi Ocean Racing, VO 65, Ian Walker, 2014: 4 days 13:10:28
  • Monohull All-Female - Team SCA, VO 65, Samantha Davies, 2014: 4 days 21:00:39
  • Monohull 60ft or less - Artemis Team Endeavour, IMOCA 60, Brian Thompson/Artemis Ocean Racing, 2014: 5 days 14:00:54
  • Monohull 40ft or less – Imerys Clean Energy, Class40, Phil Sharp, 2018: 8 days 4:14:49