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As container lines have done relatively well financially during the Covid-19 pandemic, cargo owners have faced inflated transport costs and lower service quality, with many shippers reporting cargo roll-overs and carriers prioritising higher-paying spot cargo, according to container shipping consultancy and analyst Drewry.

The firm according to LloydsLoadingList, reports that container shipping lines are one of the few sectors that can be said to be having a good pandemic, but their positive financial performance risks them appearing to be profiteering from the crisis and may lead to carrier-shipper animosity. Drewry indicated that it did not believe lines have been profiteering but that they needed to do more to develop a better shipper-carrier dialogue in order to prevent possible animosity from building.

It noted that, “perversely, despite a sudden fall off in demand for their services, lines look set this year to make more money than they have in a long time as their crisis-management tactics – essentially blanking voyages – has paid off handsomely. In our latest Container Forecaster report, published at the end of June, Drewry estimates that the industry secured an operating profit (EBIT) of around $1.4 billion and margin of 3.2% in 1Q20, pretty much on par with the same quarter of last year.”

It said that while the first quarter was not a full test of the industry’s COVID-19 coping mechanism as most countries did not enter lockdown until quite late in the period, “all signs point to operating carriers having not only survived the market shock, but even benefitting from it, with spot market rates soaring and a number of previously guarded companies now upgrading quarterly and full-year guidance”.

But the same cannot be said of other stakeholders, Drewry said, highlighting that “cargo owners have had to contend with greatly inflated transportation costs, but lower service quality. Many shippers have been experiencing cargo roll-overs, including some contract BCOs that have told Drewry carriers are prioritising much higher-paying spot cargoes”.

For much more on the container shipping sector click here. 

Published in Ports & Shipping

Dublin Bay 21s

An exciting new project to breathe life into six defunct 120-year-old Irish yachts that happen to be the oldest intact one-design keelboat class in the world has captured the imagination of sailors at Ireland's biggest sailing centre. The birthplace of the original Dublin Bay 21 class is getting ready to welcome home the six restored craft after 40 years thanks to an ambitious boat building project was completed on the Shannon Estuary that saved them from completely rotting away.

Dublin Bay 21 FAQs

The Dublin Bay 21 is a vintage one-design wooden yacht designed for sailing in Dublin Bay.

Seven were built between 1903 and 1906.

As of 2020, the yachts are 117 years old.

Alfred Mylne designed the seven yachts.

The total voting population in the Republic's inhabited islands is just over 2,600 people, according to the Department of Housing.

Dublin Bay Sailing Club (DBSC) commissioned the boat to encourage inexpensive one-design racing to recognise the success of the Water Wag one-design dinghy of 1887 and the Colleen keelboat class of 1897.

Estelle built by Hollwey, 1903; Garavogue built by Kelly, 1903; Innisfallen built by Hollwey, 1903.; Maureen built by Hollwey, 1903.; Oola built by Kelly, 1905; Naneen built by Clancy, 1905.

Overall length- 32'-6', Beam- 7'-6", Keel lead- 2 tons Sail area - 600sq.ft

The first race took place on 19 June 1903 in Dublin Bay.

They may be the oldest intact class of racing keelboat yacht in the world. Sailing together in a fleet, they are one of the loveliest sights to be seen on any sailing waters in the world, according to many Dublin Bay aficionados.

In 1964, some of the owners thought that the boats were outdated, and needed a new breath of fresh air. After extensive discussions between all the owners, the gaff rig and timber mast was abandoned in favour of a more fashionable Bermudan rig with an aluminium mast. Unfortunately, this rig put previously unseen loads on the hulls, resulting in some permanent damage.

The fleet was taken out of the water in 1986 after Hurricane Charlie ruined active Dublin Bay 21 fleet racing in August of that year. Two 21s sank in the storm, suffering the same fate as their sister ship Estelle four years earlier. The class then became defunct. In 1988, master shipwright Jack Tyrrell of Arklow inspected the fleet and considered the state of the hulls as vulnerable, describing them as 'still restorable even if some would need a virtual rebuild'. The fleet then lay rotting in a farmyard in Arklow until 2019 and the pioneering project of Dun Laoghaire sailors Fionan De Barra and Hal Sisk who decided to bring them back to their former glory.

Hurricane Charlie finally ruined active Dublin Bay 21 fleet racing in August 1986. Two 21s sank in the storm, suffering the same fate as a sister ship four years earlier; Estelle sank twice, once on her moorings and once in a near-tragic downwind capsize. Despite their collective salvage from the sea bed, the class decided the ancient boats should not be allowed suffer anymore. To avoid further deterioration and risk to the rare craft all seven 21s were put into storage in 1989 under the direction of the naval architect Jack Tyrrell at his yard in Arklow.

While two of the fleet, Garavogue and Geraldine sailed to their current home, the other five, in various states of disrepair, were carried the 50-odd miles to Arklow by road.

To revive the legendary Dublin Bay 21 class, the famous Mylne design of 1902-03. Hal Sisk and Fionan de Barra are developing ideas to retain the class's spirit while making the boats more appropriate to today's needs in Dun Laoghaire harbour, with its many other rival sailing attractions. The Dublin Bay 21-foot class's fate represents far more than the loss of a single class; it is bad news for the Bay's yachting heritage at large. Although Dún Laoghaire turned a blind eye to the plight of the oldest intact one-design keelboat fleet in the world for 30 years or more they are now fully restored.

The Dublin Bay 21 Restoration team includes Steve Morris, James Madigan, Hal Sisk, Fionan de Barra, Fintan Ryan and Dan Mill.

Retaining the pure Mylne-designed hull was essential, but the project has new laminated cold-moulded hulls which are being built inverted but will, when finished and upright, be fitted on the original ballast keels, thereby maintaining the boat’s continuity of existence, the presence of the true spirit of the ship.

It will be a gunter-rigged sloop. It was decided a simpler yet clearly vintage rig was needed for the time-constrained sailors of the 21st Century. So, far from bringing the original and almost-mythical gaff cutter rig with jackyard topsail back to life above a traditionally-constructed hull, the project is content to have an attractive gunter-rigged sloop – “American gaff” some would call it.

The first DB 21 to get the treatment was Naneen, originally built in 1905 by Clancy of Dun Laoghaire for T. Cosby Burrowes, a serial boat owner from Cavan.

On Dublin Bay. Dublin Bay Sailing Club granted a racing start for 2020 Tuesday evening racing starting in 2020, but it was deferred due to COVID-19.
Initially, two Dublin Bay 21s will race then three as the boat building project based in Kilrush on the Shannon Estuary completes the six-boat project.
The restored boats will be welcomed back to the Bay in a special DBSC gun salute from committee boat Mac Lir at the start of the season.
In a recollection for Afloat, well known Dun Laoghaire one-design sailor Roger Bannon said: "They were complete bitches of boats to sail, over-canvassed and fundamentally badly balanced. Their construction and design was also seriously flawed which meant that they constantly leaked and required endless expensive maintenance. They suffered from unbelievable lee helm which led to regular swamping's and indeed several sinkings.

©Afloat 2020

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