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Displaying items by tag: Containership Order Rise

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

Irish Economy: Top tier ranking in EU competitiveness table - The Irish economy recorded a strong performance in the 2013 EU Competitiveness report, released this past week, scoring particularly well in all areas of industrial competitiveness. Notable strengths included figures showing Ireland to have the second most attractive business environment in the EU and the highest percentage of highly skilled employees in manufacturing, at almost 40%

Container Market: Increasing Orderbook - Box ship orders for the first eight months of 2013 have totalled 1.34Mteu, a 205% increase on the same period last year, according to Fairplay. Raymond Yap, CIMB Securities shipping analyst, stated this could lead to a full year total which exceeds the 1.8Mteu ordered in 2011, which was the highest since the 2008/09 financial crisis.

Tanker Market: Middle East crises further compounds overcapacity - Instability in the Middle East is adding further to the woes of the struggling Tanker segment, RS Platou's head of research told Fairplay.Ole-Rikard Hammer compared the effects of the current crises in Syria, Libya and Egypt to those of the Gulf War in the early 1990's, suggesting that tanker owners should beprepared for a difficult long term outlook.

For more on each of the above and other stories click the downloadable PDF IMDO Weekly Markets Review (Week 39). In addition to Afloat.ie's dedicated Ports & Shipping News section.

 

Published in Ports & Shipping

The Irish Cruiser Racing Association (ICRA) Information

The creation of the Irish Cruiser Racing Association (ICRA) began in a very low key way in the autumn of 2002 with an exploratory meeting between Denis Kiely, Jim Donegan and Fintan Cairns in the Granville Hotel in Waterford, and the first conference was held in February 2003 in Kilkenny.

While numbers of cruiser-racers were large, their specific locations were widespread, but there was simply no denying the numerical strength and majority power of the Cork-Dublin axis. To get what was then a very novel concept up and running, this strength of numbers had to be acknowledged, and the first National Championship in 2003 reflected this, as it was staged in Howth.

ICRA was run by a dedicated group of volunteers each of whom brought their special talents to the organisation. Jim Donegan, the elder statesman, was so much more interested in the wellbeing of the new organisation than in personal advancement that he insisted on Fintan Cairns being the first Commodore, while the distinguished Cork sailor was more than content to be Vice Commodore.

ICRA National Championships

Initially, the highlight of the ICRA season was the National Championship, which is essentially self-limiting, as it is restricted to boats which have or would be eligible for an IRC Rating. Boats not actually rated but eligible were catered for by ICRA’s ace number-cruncher Denis Kiely, who took Ireland’s long-established native rating system ECHO to new heights, thereby providing for extra entries which brought fleet numbers at most annual national championships to comfortably above the hundred mark, particularly at the height of the boom years. 

ICRA Boat of the Year (Winners 2004-2019)