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Displaying items by tag: Public Ownership

Shipyard Ferguson Marine has officially been taken into public ownership, the Scottish Government has announced.

The move, reports STV News, came on Tuesday after administrators agreed the final terms of the transaction with Scottish Ministers.

The yard will now be known as Ferguson Marine (Port Glasgow) Ltd.

There had been three other offers for the Inverclyde site, however administrators concluded the sale to the Scottish Government represented the best outcome for creditors.

Staff at the shipyard have been told of the latest position.

For more click here to read.

Published in Ports & Shipping

A contract has been signed by the Scottish Government to take the troubled Ferguson Marine shipyard into public ownership, reports The National.

It follows an agreement reached last month for the Government to take over the yard after the firm entered administration in August. A meeting of the board of directors of Macrocom – the company wholly owned by Scottish ministers that will own the Ferguson Marine business and assets – was held yesterday to consider and sign the contract.

Full completion of the contract and the final transaction is expected to take place in the coming weeks.

Finance Secretary Derek Mackay said the action taken would help to ensure a future for the yard. “Our focus has always been on ensuring completion of the two public sector ferries at the best value for money for the taxpayer, while also working towards the delivery of the other vessels under construction at the yard, and in doing so, securing jobs for the workforce,” he said.

More on the story here. 

Published in Ports & Shipping

#BullochPublic - In a move being considered by Dun Laoghaire-Rathdown County Council, the local authority could bring land at Bulloch Harbour in Dalkey into public ownership.

The decision reports DublinLive, would also see the land developed in the public’s interest, was made at this month’s full meeting of the council.

A masterplan for the area cannot be considered by any planning authority unless it is submitted by the owners of the land being considered for development.

As a result, councillors have called on the council to consider taking ownership of the land.

In February, a residential and retail development proposed for Bulloch Harbour was refused permission, on the grounds that the development was “completely out of scale” with the harbour.
 
The move faced strong opposition from from local residents in Dalkey, along with singer Christy Moore and Solidarity/PBP TD Richard Boyd-Barrett.
 
This month's council meeting also sought to arrange a meeting between the Dun Laoighaire-Rathdown and the Dublin Port company, which it is hoped will allow for the discussion of a masterplan for the Sandycove and Bulloch Harbour areas.
Published in Coastal Notes

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!