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Displaying items by tag: Weekly Shipping Market Review

#Shipping - The latest Weekly Shipping Market Review from the Irish Marine Development Office (IMDO) reports of strong Asia trade in the container market, and a growing sense of optimism among clean product tankers.

Container trade growth is expected to rise to 6.1 per cent in 2013 driven in part by strong business in Asia, which will see some modest growth at a slower pace than elsewhere throughout the year.

Demand in the tanker market is highest among smaller vessels and those handling clean products, while the crude oil market faces "another challenging year". Profits for product tankers in the Atlantic basin are up, and the fleet is looking forward to a year of growth.

The flipside of this is that more and more ships are facing a future in the scrapyard as the dry bulk market continues to stagnate and shipowners race to cut their costs.

The complete Shipping Markets Review for week 7 is available as a PDF to read or download HERE.

Published in Ports & Shipping

About Brittany Ferries

In 1967 a farmer from Finistère in Brittany, Alexis Gourvennec, succeeded in bringing together a variety of organisations from the region to embark on an ambitious project: the aim was to open up the region, to improve its infrastructure and to enrich its people by turning to traditional partners such as Ireland and the UK. In 1972 BAI (Brittany-England-Ireland) was born.

The first cross-Channel link was inaugurated in January 1973, when a converted Israeli tank-carrier called Kerisnel left the port of Roscoff for Plymouth carrying trucks loaded with Breton vegetables such as cauliflowers and artichokes. The story, therefore, begins on 2 January 1973, 24 hours after Great Britain's entry into the Common Market (EEC).

From these humble beginnings however, Brittany Ferries as the company was re-named quickly opened up to passenger transport, then became a tour operator.

Today, Brittany Ferries has established itself as the national leader in French maritime transport: an atypical leader, under private ownership, still owned by a Breton agricultural cooperative.

Eighty five percent of the company’s passengers are British.

Key Brittany Ferries figures:

  • Turnover: €202.4 million (compared with €469m in 2019)
  • Investment in three new ships, Galicia plus two new vessels powered by cleaner LNG (liquefied natural gas) arriving in 2022 and 2023
  • Employment: 2,474 seafarers and shore staff (average high/low season)
  • Passengers: 752,102 in 2020 (compared with 2,498,354 in 2019)
  • Freight: 160,377 in 2020 (compared with 201,554 in 2019)
  • Twelve ships operating services that connect France, the United Kingdom, Ireland and Spain (non-Covid year) across 14 routes
  • Twelve ports in total: Bilbao, Santander, Portsmouth, Poole, Plymouth, Cork, Rosslare, Caen, Cherbourg, Le Havre, Saint-Malo, Roscoff
  • Tourism in Europe: 231,000 unique visitors, staying 2.6 million bed-nights in France in 2020 (compared with 857,000 unique visitors, staying 8,7 million bed-nights in 2019).