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Displaying items by tag: Revenue Increase

#FerryNews -Consolidated revenue at Irish Continental Group (ICG) operator of Irish Ferries, increased by 3.1pc to €288.9m year-on-year in the ten months to 31 October.

Total revenues writes The Independent for the group’s ferries division was €184.4m, a 1.4pc increase on the prior year. The increase in revenue was driven by an increase in the number of cars and container freight that ICG carried.

For the year to 11 November, Irish Ferries carried 385,100 cars, an increase of 2.2pc on the previous year. Freight carryings for the year to 11 November were 247,700 roll-on roll-off, an increase of 0.5pc compared with 2016.

Despite the weakness in sterling, ICG managed to partly mitigate revenues affected by sterling with improvements in its sterling-based costs. However the company said that fuel costs continued to be impacted by higher global fuel prices compared to this time last year.

Total revenues recorded in the group’s container and terminal division recorded in the period to 31 October amounted to €111.2m, a 5.9pc increase on the prior year. For the year to 11 November container freight volumes shipped were up 5.5pc on the previous year at 281,000 teu, with the rate of growth slowing to 3.8pc in the period since 30 June.

Units handled at the group’s terminals in Dublin and Belfast increased 3.2pc year on year to 258,400 lifts. For more on the maritime transport logistics operator, click here.

Published in Ferry

Naval Visits focuses on forthcoming courtesy visits by foreign navies from our nearest neighbours, to navies from European Union and perhaps even those navies from far-flung distant shores.

In covering these Naval Visits, the range of nationality arising from these vessels can also be broad in terms of the variety of ships docking in our ports.

The list of naval ship types is long and they perform many tasks. These naval ships can include coastal patrol vessels, mine-sweepers, mine-hunters, frigates, destroyers, amphibious dock-landing vessels, helicopter-carriers, submarine support ships and the rarer sighting of submarines.

When Naval Visits are made, it is those that are open to the public to come on board, provide an excellent opportunity to demonstrate up close and personal, what these look like and what they can do and a chance to discuss with the crew.

It can make even more interesting for visitors when a flotilla arrives, particularly comprising an international fleet, adding to the sense of curiosity and adding a greater mix to the type of vessels boarded.

All of this makes Naval Visits a fascinating and intriguing insight into the role of navies from abroad, as they spend time in our ports, mostly for a weekend-long call, having completed exercises at sea.

These naval exercises can involve joint co-operation between other naval fleets off Ireland, in the approaches of the Atlantic, and way offshore of the coasts of western European countries.

In certain circumstances, Naval Visits involve vessels which are making repositioning voyages over long distances between continents, having completed a tour of duty in zones of conflict.

Joint naval fleet exercises bring an increased integration of navies within Europe and beyond. These exercises improve greater co-operation at EU level but also internationally, not just on a political front, but these exercises enable shared training skills in carrying out naval skills and also knowledge.

Naval Visits are also reciprocal, in that the Irish Naval Service, has over the decades, visited major gatherings overseas, while also carrying out specific operations on many fronts.

Ireland can, therefore, be represented through these ships that also act as floating ambassadorial platforms, supporting our national interests.

These interests are not exclusively political in terms of foreign policy, through humanitarian commitments, but are also to assist existing trade and tourism links and also develop further.

Equally important is our relationship with the Irish diaspora, and to share this sense of identity with the rest of the World.