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The Port of Cork CEO Brendan Keating has warned that investment in shipping infrastructure is key to offsetting the effects of Brexit in the southern region of the country.

As EchoLive reports, Mr Keating told the Construction Industry Federation Southern Construct conference that the Port, which had a €35.4 million turnover in 2018, will be hit by Brexit with decreased agricultural activity projected and a reduction of dry bulk goods being shipped and must adapt to new trends in international shipping.

“The region is highly dependent on international growth in the achievement of economic growth and highly dependent on international shipping,” Mr Keating said.

“We must continue to invest in port infrastructure,” he added.

For more click here from the newspaper.

Published in Port of Cork

About the Class 40

The Class40 is a kind of monohull sailboat primarily used for short-handed offshore and coastal racing. It is dedicated to offshore racing and has been around since 2004, serving as an intermediate oceanic boat between the Mini 650 (6.50m) and the 60-foot IMOCA (18.24m). The boat is strictly regulated, with a maximum length of 12.19 m. These boats are designed to sail in all weather conditions, and their performance has recently improved significantly. It is not uncommon to reach speeds of up to 26 knots (according to GPS), and planing up to 15 knots is normal.