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Displaying items by tag: Ocean Bank

#TOWAGE – The tug Ocean Bank that righted the capsized US entrant Rambler 100 following the Rolex Fastnet Race 2011, arrived in Dublin Bay recently with a barge under tow, writes Jehan Ashmore.

The Rambler 100 had overturned in force-five winds off Fastnet Rock arising from "dramatic and catastrophic" failure of the keel triggered events that ultimately delayed the rescue of the majority of her 21-strong crew, according to the official report by the MCIB into the capsize.

After the rescue of Rambler 100's crew, the yacht remained adrift but eventually was recovered by the Bere Island based tug Ocean Bank to the shelter of Barley Cove, west Cork. From there the 30 tonne bollard pull tractor tug operated by Atlantic Towage & Marine successfully up-righted the yacht.

This week's operation by the Ocean Bank involved towing a completely different type of vessel, the construction barge Skerchi from the south-west coast to a berth alongside Ocean Pier in Dublin Port.

Published in Ports & Shipping

As an island economy, a healthy maritime sector is key to our national competitiveness. Virtually all our imports and exports pass through Irish ports.

Ireland is dependent on ports and shipping services to transport goods and 90% of our trade is moved though Irish ports. Shipping and maritime transport services make a significant contribution to Ireland’s ocean economy, with the sector generating €2.3 billion in turnover and employing over 5,000 people in 2018.

Ireland’s maritime industry continues to grow and progress each year with Irish ports and shipping companies making significant investments. The ports sector in Ireland is currently undergoing a number of expansions and developments with Dublin Port’s Alexandra Basin development, the development of Ringaskiddy in Cork by Port of Cork and the development of Shannon Foynes Port. Along with these major investments, shipping companies are also investing heavily in new tonnage, with Irish Ferries, CLdN and Stena leading new build programmes.

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A recent study carried out for the Irish Ports Association (IPA) totalled 75.7 billion during 2004 and their net economic impact was some 5.5 billion supporting around 57, 500 full time employees.

Liam Lacey, Director of the Marine Institute’s Irish Maritime Development Office (IMDO) said, “The Irish maritime industry can look to the future with confidence. It has shown itself to be resilient and agile in responding to challenges. Over the past decade, it has had to respond to the challenges of the financial crisis of 2008, the uncertainty surrounding Brexit and recent challenges. Ireland’s maritime sector has continued to underpin our economy by maintaining vital shipping links for both trade and tourism.”