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Displaying items by tag: Shipping Review

#ShippingReview - Over the last fortnight Jehan Ashmore has reported from the shipping scene where the European Union is making great efforts to shift freight movements away from land transportation to sea.

Entries are now open for the European Sea Port Organisation (ESPO) sixth annual Awards on Societal Integration of Ports.

Ardmore Shipping Corporation has signed a commitment letter for a new $172 million credit facility with several banking institutions to assist partly funding the cost of newbuilds (Eco-class tankers) currently on order

 

Published in Ports & Shipping

#ShippingReview - Over the last fortnight Jehan Ashmore has reported from the shipping scene where the saga of the 'Ghost Ship' MV Lyubov Orlova may finally have come to an end in the Atlantic.

The European Parliament has finally adopted the new Ship Recycling Regulation by a large majority at a meeting in Strasbourg.

Preliminary figures released by the Central Statistics Office show Ireland's seasonally adjusted trade surplus rose 1% to €3.2bn in August.

A welcome boost to the Irish economy is the number of trips by overseas residents increased by 7.8% between July and September compared to the same period last year.

Ardmore Shipping acquired a 45,726 Dwt MR product tanker built in 2006 from a Japanese shipyard, for approximately $20.5 million. Her sister, Ardmore Seafarer successfully fought off an attack by pirates.

Fyffes, Europe's biggest banana importer headquartered in Dublin is through its Costa Rica base exporting fruit to growing markets in Russia and the Middle East using new high-tech containers.

Published in Ports & Shipping
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About Arklow Shipping

Arklow Shipping Limited, one of Ireland's leading shipping companies, has marked over 50 years of operation following its establishment in 1966.

The company, which began with a fleet of seven ships, has grown steadily over the years and now boasts a fleet of 59 vessels.

The company was founded by Captains James Tyrrell, Michael Tyrrell, and Victor Hall, who collaborated to create an umbrella company to operate their ships. This move allowed them to reduce overheads and strengthen their position in the market. The original fleet comprised seven ships, namely Tyrronall, Murell, Marizell, Valzell, Kilbride, River Avoca, and Avondale, all of varying sizes.

The shipping industry in Ireland underwent a significant transformation in the 1960s, with the replacement of traditional auxiliary schooners with modern crafts.

Arklow Shipping was at the forefront of this change, and the founders recognized the need for a new approach to shipping in Ireland. They built a company that could adapt to the changing market demands, and this has been a key factor in the company's continued growth.

Over the years, Arklow Shipping has bought, sold, and built ships, facing the challenges and opportunities that come with operating in the shipping industry. Despite these challenges, the company has remained committed to meeting market demand and providing high-quality services to its clients.

Today, Arklow Shipping is a leading player in the shipping industry, with a strong reputation for reliability and professionalism. The company's success story is a testament to the vision and dedication of its founders, who laid the foundation for a company that has stood the test of time.