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Displaying items by tag: Stena Line significant growth

#TrafficGrowth - Two Irish Sea routes linking Belfast to English ports of Liverpool and Heysham operated by Stena Line have shown significant growth following their acquisition from DFDS five years ago. 

Since the £40m purchase in 2011, Stena Line’s carryings on the routes have gone steadily increased with approximately 1.3m guests, 370,000 cars and 1.45m freight units making the trip across the Irish Sea.

Freight volumes on the two routes since Stena Line took them over have increased by 37%*, with passenger numbers rising by 14.5%* and car traffic growing by 8.4%* during the same period.

Investment in the routes has been significant with more than £9 million spent since 2011 across all aspects of the service, including cabin improvements, upgrades to the truckers lounge, the introduction of premium Stena Plus lounges and quiet rooms, and an overhaul of the ships’ existing bar and restaurant facilities to bring them into line with the rest of the Stena Line fleet.

In addition, they have added extra capacity and frequency via the introduction of a fifth ship serving Birkenhead and Heysham. In 2013, the company added extra freight tonnage to the Liverpool service in the form of the Stena Hibernia which provided an extra eight trips per week, increasing capacity by 30.8% and bringing the total number of weekly sailings to 34 across both routes.

* Statistics are based on most recent full year figures (2015) vs last full year figures prior to acquisition (2010).

Published in Ferry

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.”