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Displaying items by tag: Brexit

#Brexit - Brexit has revived a dormant territorial dispute between Britain and the Republic of Ireland over the ownership of Lough Foyle, as the Belfast Telegraph reports.

Leinster House has rejected a claim by Northern Ireland Secretary James Brokenshire that the UK includes the whole of the estuary between Counties Donegal and Derry, which has been under the auspices of the cross-border Loughs Agency since the Good Friday Agreement.

Lough Foyle and Carlingford Lough, between Counties Louth and Down, are both matters of dispute between Dublin and London which have only intensified with the uncertainly over fishing rights as the UK prepares to leave the EU and the Common Fisheries Policy.

The Belfast Telegraph has more on the story HERE.

Published in Fishing
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#ExportersBrexit - Bad news for Irish exporters into the UK as these imports will decline as foreign products become more expensive thanks to the weakening of sterling, ratings agency Fitch has warned.

The Irish Independent writes that a weaker sterling harms the competitiveness of Irish exporters because it cuts margins and makes it more expensive for them to do business in the UK. But it benefits UK domestic businesses.

The pound has weakened considerably since late last year. At the end of November, €1 bought 69 pence. At the close of polls on Thursday, that had weakened to 76 pence, but when the Brexit vote became apparent, it weakened further and is now hovering around the 83 pence mark.

Fitch said the fall in sterling will boost UK exports, but have a negative impact on imports.

"Imports look likely to decline as investment contracts and foreign products become more expensive, resulting in expenditure switching to domestically produced goods and services and higher inflation," the ratings agency has said.

The Irish Exporters Association and other business representative groups has already warned about the impact of currency fluctuations on Irish business.
Simon McKeever, the IEA chief executive, warned further weakening is likely.

And the organisation has called on firms to hedge against this and to talk to the banks.

For much more on this story click here.

Published in Ports & Shipping

#IrishUKTrade - Enterprise Ireland are to seek its clients to be less reliant on the UK markets. The Irish Times writes the reduction will cut the proportion of their exports that go to Britain by about seven percentage points over the next five years, following the UK’s decision to leave the EU.

The agency responsible for helping Irish companies export to international markets, saw exports to the UK increase last year by 12 per cent to €7.5 billion.

The UK remains the Republic’s largest export market, though exports there as a proportion of Enterprise Ireland’s total client exports has declined from 45 per cent in 2005 to 37 per cent in 2015.

Enterprise Ireland UK and northern Europe director Marina Donohoe said on Monday “it would certainly be the intention” to reduce the figure further over the next number of years to mitigate the fallout from the referendum result.

For more on this story, click here.

Published in Ports & Shipping

#Brexit - Britain's exit from the EU could create an opportunity for north Atlantic coastal countries to form their own economic group, according to a leading Irish fishing industry figure.

Speaking to The Irish Times, Irish Fish Producers Organisation (IFPO) CEO Francis O’Donnell said there was sympathy within the industry for Brexit due to the impact of Common Fisheries Policy quotas on their livelihoods.

New markets in South America, Asia and the Middle East could also replace any loss of access to the crucial EU common market, O'Donnell suggested, if Ireland were to "become a global player" and band together with the UK, Iceland and Norway.

Such sentiment within Ireland's fishing communities runs against the current of the majority of Ireland's farming sector, with the IFA urging Irish in the UK to vote to remain in the EU.

The Irish Times has more on the story HERE.

Published in Fishing
Tagged under
Page 8 of 8

The Half Ton Class was created by the Offshore Racing Council for boats within the racing band not exceeding 22'-0". The ORC decided that the rule should "....permit the development of seaworthy offshore racing yachts...The Council will endeavour to protect the majority of the existing IOR fleet from rapid obsolescence caused by ....developments which produce increased performance without corresponding changes in ratings..."

When first introduced the IOR rule was perfectly adequate for rating boats in existence at that time. However yacht designers naturally examined the rule to seize upon any advantage they could find, the most noticeable of which has been a reduction in displacement and a return to fractional rigs.

After 1993, when the IOR Mk.III rule reached it termination due to lack of people building new boats, the rule was replaced by the CHS (Channel) Handicap system which in turn developed into the IRC system now used.

The IRC handicap system operates by a secret formula which tries to develop boats which are 'Cruising type' of relatively heavy boats with good internal accommodation. It tends to penalise boats with excessive stability or excessive sail area.

Competitions

The most significant events for the Half Ton Class has been the annual Half Ton Cup which was sailed under the IOR rules until 1993. More recently this has been replaced with the Half Ton Classics Cup. The venue of the event moved from continent to continent with over-representation on French or British ports. In later years the event is held biennially. Initially, it was proposed to hold events in Ireland, Britain and France by rotation. However, it was the Belgians who took the ball and ran with it. The Class is now managed from Belgium. 

At A Glance – Half Ton Classics Cup Winners

  • 2017 – Kinsale – Swuzzlebubble – Phil Plumtree – Farr 1977
  • 2016 – Falmouth – Swuzzlebubble – Greg Peck – Farr 1977
  • 2015 – Nieuwport – Checkmate XV – David Cullen – Humphreys 1985
  • 2014 – St Quay Portrieux – Swuzzlebubble – Peter Morton – Farr 1977
  • 2013 – Boulogne – Checkmate XV – Nigel Biggs – Humphreys 1985
  • 2011 – Cowes – Chimp – Michael Kershaw – Berret 1978
  • 2009 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978
  • 2007 – Dun Laoghaire – Henri-Lloyd Harmony – Nigel Biggs – Humphreys 1980~
  • 2005 – Dinard – Gingko – Patrick Lobrichon – Mauric 1968
  • 2003 – Nieuwpoort – Général Tapioca – Philippe Pilate – Berret 1978

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