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Displaying items by tag: Irish trade

It is estimated that Brexit has led to a 45% reduction in goods imports coming from the UK to Ireland according to the Economic and Social Research Institute.

As RTE News reports, in its opening statement to the Seanad Brexit Committee, the ERSI sets out the impact of Brexit on Ireland on goods trade.

While imports from the UK are down, the think tank explains that in contrast, there has been "very little reduction observed over the past year" in Irish exports to the UK.

However, some individual sectors have experienced very large falls in exports, such as the food and beverage sector.

The ESRI estimates that Brexit led to a 25% reduction in Irish food exports to the UK and 40% reductions in beverage exports in the first half of 2021.

Imports coming from the UK to Ireland accounted for 33% of Irish imports in 2019, compared to 12% now.

Exports from Ireland to the UK have fallen from 14% to 8%.

For further findings, click here.

Published in Ports & Shipping

#Ports&Shipping - Five ports in south Wales that are part of Associated British Ports (ABP) a major UK ports operator, saw the group's regional network handle 12.5 million tonnes of cargo in 2017.

The strong performance of ABP South Wales was due to major investment in infrastructure and ongoing commitment to delivering the highest standards of customer service.

12.5 million tonnes of cargo were handled at Newport, Cardiff, Barry, Port Talbot and Swansea with strong growth in both traditional and emerging sectors, serving south Wales and the wider UK economy.

Year-on-year growth was seen in several commodities. Fertiliser to support agriculture and aggregates for manufacturing were 14% up on 2016, whilst animal feed leapt by some 54%. Recyclables increased by 72% and scrap metal, both exports and imports, doubled in volume compared to the previous year, registering a rise of 108%.

ABP South Wales Director, Matthew Kennerley, said: “Our five ports are continuing to see strong growth hanks to the investment we have been delivering in enhanced infrastructure and facilities. This has helped both new and longstanding customers to further develop and grow their businesses.

“Our ports in south Wales are vital strategic assets of national importance. Strong growth across our ports is not just success for ABP and our customers, it’s success for the Welsh economy.

“Every year our ports contribute £1.4m to the economy and support 15,000 jobs. We are committed to continuing to invest to support our customers, enabling that contribution to grow. We’re excited about the growth that our investment promises to deliver in the year ahead.”

ABP South Wales welcomed several new businesses to their ports throughout 2017. Notably, in September 2017, Swansea Dry Docks Ltd (SDL) reopened the Swansea’s drydock facilities (as reported on Afloat) on a long term lease and welcomed its first vessel following an extensive upgrade of facilities. This long term commitment by SDL will provide a boost to the local economy in terms of skilled employment and increased demand for specialist materials and services.

The growth seen in the handling of project cargo in 2016 was built upon in 2017 as the port of Swansea continued to support the renewable energy sector by handling wind turbine components for local projects. The port handled all components for the Brechfa Forest Wind Farm project, a 28 turbine project based in Carmarthenshire.

Investments were also made into key pieces of infrastructure to ensure the future stability of ABP’s South Wales ports and the surrounding area. In August 2017, the refurbishment of Green Park in Port Talbot was completed. This 18 month major renovation project represents an investment of £2.7 million by ABP South Wales. It will provide huge benefits to the River Afan in terms of improved water management and increased water security for TATA’s Port Talbot steel works.

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!