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Displaying items by tag: Marine Money London Forum

#MarineMoney - Four days after the inauguration of the new US President in early 2017, Marine Money together with Anchor Sponsor KMARIN/KOTAM will host the 8th Annual Marine Money London Forum on Wednesday 25th January.

Amongst the Forum topics will be of course Brexit, the new US President and the impact on shipping. All in which will be discussed in the ballroom of The Dorchester Hotel on Park Lane, Mayfair. This will be the first Marine Money Ship Finance event of 2017 and its platform held in the UK capital is a major centre for shipping and finance, broking, legal and insurance.

London's location between the capital of Wall Street and the cargo demand of the Far East, is the place that shipowners from near and far call a home away from home. At the London conference leading shipping companies and financiers will meet to discuss challenge, risk, opportunity and investment - how to survive the downturn and prepare for the long awaited improved shipping market.

From buying dry bulk at rock bottom: structuring long term investments with Chinese financial leasing; analysing markets and assessing investment opportunities; finding finance from San Francisco, London and Shanghai.

The Marine Money London agenda 2017 will cover the red hot topics of the current market. To find the Marine Money Preliminary Programme click here. 

Registration forms to attend Marine Money London Forum can be accessed here and for more information contact: Mia Jensen at [email protected]

Published in Ports & Shipping

Ferry & Car Ferry News The ferry industry on the Irish Sea, is just like any other sector of the shipping industry, in that it is made up of a myriad of ship operators, owners, managers, charterers all contributing to providing a network of routes carried out by a variety of ships designed for different albeit similar purposes.

All this ferry activity involves conventional ferry tonnage, 'ro-pax', where the vessel's primary design is to carry more freight capacity rather than passengers. This is in some cases though, is in complete variance to the fast ferry craft where they carry many more passengers and charging a premium.

In reporting the ferry scene, we examine the constantly changing trends of this sector, as rival ferry operators are competing in an intensive environment, battling out for market share following the fallout of the economic crisis. All this has consequences some immediately felt, while at times, the effects can be drawn out over time, leading to the expense of others, through reduced competition or takeover or even face complete removal from the marketplace, as witnessed in recent years.

Arising from these challenging times, there are of course winners and losers, as exemplified in the trend to run high-speed ferry craft only during the peak-season summer months and on shorter distance routes. In addition, where fastcraft had once dominated the ferry scene, during the heady days from the mid-90's onwards, they have been replaced by recent newcomers in the form of the 'fast ferry' and with increased levels of luxury, yet seeming to form as a cost-effective alternative.

Irish Sea Ferry Routes

Irrespective of the type of vessel deployed on Irish Sea routes (between 2-9 hours), it is the ferry companies that keep the wheels of industry moving as freight vehicles literally (roll-on and roll-off) ships coupled with motoring tourists and the humble 'foot' passenger transported 363 days a year.

As such the exclusive freight-only operators provide important trading routes between Ireland and the UK, where the freight haulage customer is 'king' to generating year-round revenue to the ferry operator. However, custom built tonnage entering service in recent years has exceeded the level of capacity of the Irish Sea in certain quarters of the freight market.

A prime example of the necessity for trade in which we consumers often expect daily, though arguably question how it reached our shores, is the delivery of just in time perishable products to fill our supermarket shelves.

A visual manifestation of this is the arrival every morning and evening into our main ports, where a combination of ferries, ro-pax vessels and fast-craft all descend at the same time. In essence this a marine version to our road-based rush hour traffic going in and out along the commuter belts.

Across the Celtic Sea, the ferry scene coverage is also about those overnight direct ferry routes from Ireland connecting the north-western French ports in Brittany and Normandy.

Due to the seasonality of these routes to Europe, the ferry scene may be in the majority running between February to November, however by no means does this lessen operator competition.

Noting there have been plans over the years to run a direct Irish –Iberian ferry service, which would open up existing and develop new freight markets. Should a direct service open, it would bring new opportunities also for holidaymakers, where Spain is the most visited country in the EU visited by Irish holidaymakers ... heading for the sun!