Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: Proposed ISSC

#ShippingCentre -According to Irish Maritime Development Office, there is a proposal to create a world-class cluster of international shipping services orientated companies (ISSC) based in Cork Docklands.

The proposed maritime cluster would also be a major urban regeneration scheme led by a group of individual and well-established property developers who plan to provide appropriate commercial, residential, and cultural amenities within the ISSC.

Technology is the number one FDI employer with over 14,000 professionals employed in the sector in Cork city. It is evident that technology is both transforming and disrupting financial services. The central role which technology will play in finance over the next decade is demonstrated by the decision by international bank State Street to partner with University College Cork and Zhejiang University to set up a Fintech Research and Development facility in Cork.

More recently there have been several developments in the area of alternative asset management and international private equity and this is an area of tremendous potential, given the success of these initiatives.

BNY Mellon also opened a business focused on mutual fund administration in 2007. Later they were also joined by Apex Fund Services, Hedgeserv and IPES, all establishing related operations. Other small clusters have built around expertise in investments and insurance. Davy, Investec and Blackbee all having a presence while in banking Bank of Ireland and AIB both provide a full service Corporate Banking offering in the region to FDI companies.

In leasing, Ardmore Shipping Corporation, an international operator and owner of a fleet of product and chemical tankers are engaged in worldwide trade. Ardmore have their principal operations office based in Cork (see related Bantry Bay ship story). All of the Big 4 (Deloitte, EY, KPMG and PWC) professional services firms have full offerings in the city.

With a working age population of over 400,000 within a one hour commute of the city, there is clearly large capacity for tremendous expansion. Underpinning all of this success is a favourable cost base and excellent quality of life metrics.

The new centre will bring employment, investment and a new lease of life to the Cork Docklands and will continue to grow Cork city as a new financial hub in Ireland.

 

Published in Port of Cork

Ireland's Trading Ketch Ilen

The Ilen is the last of Ireland’s traditional wooden sailing ships.

Designed by Limerick man Conor O’Brien and built in Baltimore in 1926, she was delivered by Munster men to the Falkland Islands where she served valiantly for seventy years, enduring and enjoying the Roaring Forties, the Furious Fifties, and Screaming Sixties.

Returned now to Ireland and given a new breath of life, Ilen may be described as the last of Ireland’s timber-built ocean-going sailing ships, yet at a mere 56ft, it is capable of visiting most of the small harbours of Ireland.

Wooden Sailing Ship Ilen FAQs

The Ilen is the last of Ireland’s traditional wooden sailing ships.

The Ilen was designed by Conor O’Brien, the first Irish man to circumnavigate the world.

Ilen is named for the West Cork River which flows to the sea at Baltimore, her home port.

The Ilen was built by Baltimore Sea Fisheries School, West Cork in 1926. Tom Moynihan was foreman.

Ilen's wood construction is of oak ribs and planks of larch.

As-built initially, she is 56 feet in length overall with a beam of 14 feet and a displacement of 45 tonnes.

Conor O’Brien set sail in August 1926 with two Cadogan cousins from Cape Clear in West Cork, arriving at Port Stanley in January 1927 and handed it over to the new owners.

The Ilen was delivered to the Falkland Islands Company, in exchange for £1,500.

Ilen served for over 70 years as a cargo ship and a ferry in the Falkland Islands, enduring and enjoying the Roaring Forties, the Furious Fifties, and Screaming Sixties. She stayed in service until the early 1990s.

Limerick sailor Gary McMahon and his team located Ilen. MacMahon started looking for her in 1996 and went out to the Falklands and struck a deal with the owner to bring her back to Ireland.

After a lifetime of hard work in the Falklands, Ilen required a ground-up rebuild.

A Russian cargo ship transported her back on a 12,000-mile trip from the Southern Oceans to Dublin. The Ilen was discharged at the Port of Dublin 1997, after an absence from Ireland of 70 years.

It was a collaboration between the Ilen Project in Limerick and Hegarty’s Boatyard in Old Court, near Skibbereen. Much of the heavy lifting, of frames, planking, deadwood & backbone, knees, floors, shelves and stringers, deck beams, and carlins, was done in Hegarty’s. The generally lighter work of preparing sole, bulkheads, deck‐houses fixed furniture, fixtures & fittings, deck fittings, machinery, systems, tanks, spar making and rigging is being done at the Ilen boat building school in Limerick.

Ten years. The boat was much the worse for wear when it returned to West Cork in May 1998, and it remained dormant for ten years before the start of a decade-long restoration.

Ilen now serves as a community floating classroom and cargo vessel – visiting 23 ports in 2019 and making a transatlantic crossing to Greenland as part of a relationship-building project to link youth in Limerick City with youth in Nuuk, west Greenland.

At a mere 56ft, Ilen is capable of visiting most of the small harbours of Ireland.

©Afloat 2020