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Displaying items by tag: postpandemic traffic increase

Dublin based Irish Ferries, owned by Irish Continental Group (ICG) has reported lower pre-tax profits and flat revenues for the six months of this year reports RTE News.

The results from the half-year report to the end of June, is amid the continued return towards pre-pandemic travel patterns after the disruption caused by Covid-19.

The Irish-based maritime transport group said its half year revenues increased by 0.3% to €264m while its pre-tax profits fell by 9.1% to €16.2m from €17.4m the same time last year.

ICG declared an interim dividend of 4.87 cent per share, this is up from the dividend of last year’s 4.64 cent.

In May, ICG chartered the former Baltic Sea cruise ferry Oscar Wilde for an initial 20 month period and Afloat adds with the option to extend by two, plus two years and purchase. The 2,080 passenger ferry entered service on the Rosslare-Pembroke route having replaced another chartered ferry the Blue Star 1.

The continued normalisation in passenger travel levels after Covid had benefitted the Group in all its markets. This was reflected with growth in its Roll on Roll off (RoRo) freight carryings and the strengthening of its position on the short-sea Dover-Calais route competing with P&O Ferries and DFDS.

ICG said the continued return of ferry passenger travel alongside continued support of its freight customers on both its old and new routes (the UK-France route launched in 2021) resulted in the highest ever revenue levels in the ferries division.

More here on the H1 results for 2023.

Published in Irish Ferries

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.