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Displaying items by tag: ICG

Irish Continental Group, the parent company of Irish Ferries has reported revenue of €308.8m in the first ten months of 2019, an increase of 8.2pc on the same period last year.

As the Independent.ie writes, ICG said a "significant" proportion of the improvement came from the ferries division, on the back of improved scheduling reliability following major disruptions in 2018.

Despite this, it experienced "some volatility in carryings as key Brexit dates were approached and subsequently postponed".

The overall effect of this continuing uncertainty "is generating negative impact on consumer sentiment and trade flows as investment decisions are delayed".

For further reading click here. 

Published in Ferry

Maritime transport operator, Irish Continental Group has reported revenue 6% higher for the half year, following the introduction of the WB Yeats cruise ferry on schedule services with Irish Ferries in January.

Earnings per share, reports RTE News, however, were down 16% to 12.8 cent. ICG reported its interim dividend increased by 5% to 4.42 cent.

The company is concerned about the impact of Brexit but says it can pursue other opportunities, and remains confident for continued revenue growth.

ICG sold the Oscar Wilde ferry in April for €28.9 million, following the sale, a year earlier, of the Jonathan Swift for €15.5 million.

Fuel costs increased by €3.1 million to €25.5 million in the six month period.

Click here for more on this story. 

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The Irish Continental Group (ICG) has said it is totally prepared to meet the challenges posed by Brexit, whatever way those challenges emerge.

At the group’s annual general meeting, John McGuckian, ICG chairman, said, “we’re confident that whatever happens, we will react in an efficient and profitable way”.

Speaking to The Irish Times after the meeting, ICG chief executive Eamonn Rothwell said he’d prefer if sterling wasn’t so weak but he didn’t show concern on the basis that he doesn’t “know what Brexit is yet”. Mr Rothwell added that he doesn’t expect the group to suffer as 40 per cent of travellers on the Irish Sea are travellers originating in Ireland, while the remainder are British.

At the group agm there was no opposition to any of the resolutions, with remuneration practices in the company supported by over 90 per cent of shareholders. The shareholders dividend of 7.76 cent per share was also approved at the meeting. That dividend will be paid in June.

For more including the sale in 2017 of the former Isle of Innisfree (Kaitaki) to a New Zealand operator and results on ICG's ro-ro operations click here. 

Published in Ferry

#ferries - The Irish Continental Group has reported lower revenues and profits for 2018 on the back of disruption to its ferry schedules and higher fuel costs, writes RTE News.

Revenues at ICG, which owns Irish Ferries, slipped by 1.5% to €330.2m from €335.1m in 2017 while EBITDA fell by 15.6% to €68.4m from €89m

The company's adjusted earnings per share sank over 31% to 30.4 cent in 2018 from 44.1 cent the previous year, while its operating profits slumped by 32.6% to €60m from €89m.

Its fuel costs during the year increased by 19.6% to €48.2m.

During the year Irish Ferries encountered "technical difficulties" with its Ulysses ferry, while it also saw the late delivery of its new WB Yeats ferry. This ferry had been scheduled to start sailing last summer but only entered service in January of this year.

Operating initially on the Dublin-Holyhead route, it is due to switch to the Dublin-Cherbourg route in March.

For more including comment from ICG's chairman, click here.

Published in Ferry

#FerryNews - Ferry and container shipping company, Irish Continental Group (ICG) has set aside space for a post-Brexit duty-free shop on its new passenger ferry, the WB Yeats (see sea trials).

As The Irish Times reports, Brussels ended duty-free shopping for those travelling between European Union member states in 1999, despite lobbying from the Republic. However, it could return on journeys to the UK depending on the nature of its exit deal.

ICG, owner of Irish Ferries, is one of a number of companies that believes the UK’s exit from the EU next April could herald a return of tax- and excise-free shopping for travellers between that jurisdiction and the Republic.

The group has set aside space for duty-free retailing in a shop on the upper floor of its newest ferry, the €144 million WB Yeats, in case low-cost alcohol, tobacco and perfume make a return following Brexit. The newbuilt cruiseferry as Afloat also reported today is due to operate on the daily Dublin to Holyhead route.

For more from the newspaper on the duty-free development, click here.

Published in Ferry

#FerryNews - Profits in Irish Continental Group (ICG) almost halved to €29.7 million in the six months ended June 30, the latest figures show.

As The Irish Times reports, ICG whose ferry division Irish Ferries, saw revenue grew slightly to €157.2 million from €156.1 million in the first half of the year.

Profit before tax fell 46 per cent to €29.7 million from €47.5 million during the same period last year.

Earnings per share fell 33 per cent to 15.3 cent in the six months ended June 30 from 22.8 cent in the first half of 2017.

Total equity rose 55 per cent in the period to €240.3 million from €191.3 on June 30 last year.

For more on the financial results, click here. 

Published in Ferry

#FerryNews - Irish Ferries parent company, Irish Continental Group (ICG) said its revenues rose by 1.4% to €96.4m in the first four months of the year.

A trading statement from the company reported an increase in its consumer and freight business during the period.

But ICG said it had taken a €2.5m revenue hit relating to the delay in the arrival of its new WB Yeats ferry.

The ferry had been due to start sailing on the Dublin-Cherbourg route on July 12, but the company making the vessel said its delivery would be delayed which resulted in ICG cancelling a number of sailings.

For more from RTE News click here. 

Published in Ferry

#Ports&Shipping - Irish Continental Group (ICG) operates in two divisions; Irish Ferries which offers passenger and roll-on roll-off (ro-ro) freight services and the container and terminal divisions. 

ICG issued today results for the year ended December 31st 2017 (see related coverage)

Afloat adds ICG's shipping container subsidiary, Eucon provides a lift on/lift off (lo-lo) service between Ireland and mainland Europe, connecting the ports of Dublin, Cork and Belfast, with Antwerp, Belgium and Rotterdam, The Netherlands.

Below is a summary extract and results only regarding the container and terminal divisions.

For complete results of the Irish-based maritime transport group, click HERE. 

Revenue in container division increased to €131.9 million (2016: €123.9 million).

The revenue is derived from container handling and related ancillary revenues at our terminals and in Eucon from a mix of domestic door-to-door, quay-to-quay and feeder services with 69% (2016: 70%) of shipping revenue generated from imports into Ireland.

Operating with a flexible chartered fleet and slot charter arrangements Eucon was able to adjust capacity and thereby continue to meet the requirements of customers in a cost effective and efficient manner. EBITDA in the division increased to €13.7 million (2016: €12.8 million) while EBIT rose 8.7% to €11.2 million (2016: €10.3 million).

Overall, Eucon container volumes shipped increased by 5.9% compared with the previous year to 321,400 teu (2016: 303,600 teu). The resulting revenue increase was partially offset by a €2.9 million increase in fuel costs.

Containers handled by the Group’s terminal operations in Dublin Ferryport Terminals (DFT) and Belfast Container Terminal (BCT) rose by 3.0% at 296,800 lifts (2016: 288,100 lifts).

DFT’s volumes grew by 4.7%, while BCT’s volumes increased by 0.7%.

Containership fleet review operations. 

The container vessel MV Ranger remains on time charter to a third party and is currently trading in north-west Europe. The MV Elbtrader (pictured above) MV Elbcarrier and MV Elbfeeder remain on time charter to Eucon.

Published in Ports & Shipping

#FerryNews - Fuel costs increased and a weaker sterling led earnings at Irish Ferries owner Irish Continental Group (ICG) to fall 3 per cent, results for the year ended December 31st 2017 show.

As The Irish Times reports, despite revenue growth of 3 per cent to €335.1 million on the back of volume growth across the group’s operations, earnings before interest, taxes, depreciation and amortisation fell to €81 million.

Company chairman John B McGuckian flagged the year as a successful one before noting group fuel costs increased by 25.2 per cent to €40.3 million.

Early in the financial year Irish Continental sold its MV Kaitaki which yielded a profit after tax of €24.9 million. Early this year the company sold its Jonathan Swift vessel.

Additionally, the company entered into an agreement this year for a new ferry, which will cost €165.2 million, that will be delivered to the group in 2020 and will be used on the company’s Dublin to Holyhead services.

Although the company’s EBITDA performance won’t thrill shareholders, it was ahead of analyst expectations while profit before tax increased by 45 per cent to €87.8 million. Additionally, the company has moved from a €37.9 million net debt position in 2016 to a net cash position of €39.6 million last year.

Irish continental operates in two divisions; the ferries division which offers passenger and roll-on roll-off freight services, and the container and terminal division.

Despite Brexit associated headwinds, the overall car market to and from the Republic of Ireland grew by around 1.7 per cent in 2017 to 807,400 cars.

Irish Ferries’ car carryings “performed strongly”, up 2.4 per cent to 424,000 cars. The company carried 1.65 million passengers in the period, up 1.7 per cent, thus outperforming growth in the wider market where numbers edged up 1 per cent to 3.13 million passengers.

For more click here.

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#FerrySale - Irish Continental Group has issued a statement yesterday to confirm the car ferry "Kaitaki" has been delivered to buyers KiwiRail of New Zealand.

ICG agreed consideration of €45.0 million, payable in cash, has been received in full and will be utilised for general corporate purposes.

Afloat adds the 21 year-old vessel has been on charter since 2002 and the majority of that time spent operating on the Cook Strait service. The ferry link connects Wellington on the North Island to Picton on the South Island.

The news follows an announcement by ICG in mid-May of the sale of the former Irish Ferries operated Isle of Innisfree that was custom-built in 1995 to serve a career on the Irish Sea.

Such investment in new tonnage, was badly needed following the acquisition by ICG of the ailing State owned and under-funded B&I Line in 1991.

The British & Irish Steam Packet Co. was established in 1836. Public ownership through the State in 1965 followed the purchase of share capital from Coast Lines Ltd.

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The Irish Coast Guard

The Irish Coast Guard is Ireland's fourth 'Blue Light' service (along with An Garda Síochána, the Ambulance Service and the Fire Service). It provides a nationwide maritime emergency organisation as well as a variety of services to shipping and other government agencies.

The purpose of the Irish Coast Guard is to promote safety and security standards, and by doing so, prevent as far as possible, the loss of life at sea, and on inland waters, mountains and caves, and to provide effective emergency response services and to safeguard the quality of the marine environment.

The Irish Coast Guard has responsibility for Ireland's system of marine communications, surveillance and emergency management in Ireland's Exclusive Economic Zone (EEZ) and certain inland waterways.

It is responsible for the response to, and co-ordination of, maritime accidents which require search and rescue and counter-pollution and ship casualty operations. It also has responsibility for vessel traffic monitoring.

Operations in respect of maritime security, illegal drug trafficking, illegal migration and fisheries enforcement are co-ordinated by other bodies within the Irish Government.

On average, each year, the Irish Coast Guard is expected to:

  • handle 3,000 marine emergencies
  • assist 4,500 people and save about 200 lives
  • task Coast Guard helicopters on missions

The Coast Guard has been around in some form in Ireland since 1908.

Coast Guard helicopters

The Irish Coast Guard has contracted five medium-lift Sikorsky Search and Rescue helicopters deployed at bases in Dublin, Waterford, Shannon and Sligo.

The helicopters are designated wheels up from initial notification in 15 minutes during daylight hours and 45 minutes at night. One aircraft is fitted and its crew trained for under slung cargo operations up to 3000kgs and is available on short notice based at Waterford.

These aircraft respond to emergencies at sea, inland waterways, offshore islands and mountains of Ireland (32 counties).

They can also be used for assistance in flooding, major inland emergencies, intra-hospital transfers, pollution, and aerial surveillance during daylight hours, lifting and passenger operations and other operations as authorised by the Coast Guard within appropriate regulations.

Irish Coastguard FAQs

The Irish Coast Guard provides nationwide maritime emergency response, while also promoting safety and security standards. It aims to prevent the loss of life at sea, on inland waters, on mountains and in caves; and to safeguard the quality of the marine environment.

The main role of the Irish Coast Guard is to rescue people from danger at sea or on land, to organise immediate medical transport and to assist boats and ships within the country's jurisdiction. It has three marine rescue centres in Dublin, Malin Head, Co Donegal, and Valentia Island, Co Kerry. The Dublin National Maritime Operations centre provides marine search and rescue responses and coordinates the response to marine casualty incidents with the Irish exclusive economic zone (EEZ).

Yes, effectively, it is the fourth "blue light" service. The Marine Rescue Sub-Centre (MRSC) Valentia is the contact point for the coastal area between Ballycotton, Co Cork and Clifden, Co Galway. At the same time, the MRSC Malin Head covers the area between Clifden and Lough Foyle. Marine Rescue Co-ordination Centre (MRCC) Dublin covers Carlingford Lough, Co Louth to Ballycotton, Co Cork. Each MRCC/MRSC also broadcasts maritime safety information on VHF and MF radio, including navigational and gale warnings, shipping forecasts, local inshore forecasts, strong wind warnings and small craft warnings.

The Irish Coast Guard handles about 3,000 marine emergencies annually, and assists 4,500 people - saving an estimated 200 lives, according to the Department of Transport. In 2016, Irish Coast Guard helicopters completed 1,000 missions in a single year for the first time.

Yes, Irish Coast Guard helicopters evacuate medical patients from offshore islands to hospital on average about 100 times a year. In September 2017, the Department of Health announced that search and rescue pilots who work 24-hour duties would not be expected to perform any inter-hospital patient transfers. The Air Corps flies the Emergency Aeromedical Service, established in 2012 and using an AW139 twin-engine helicopter. Known by its call sign "Air Corps 112", it airlifted its 3,000th patient in autumn 2020.

The Irish Coast Guard works closely with the British Maritime and Coastguard Agency, which is responsible for the Northern Irish coast.

The Irish Coast Guard is a State-funded service, with both paid management personnel and volunteers, and is under the auspices of the Department of Transport, Tourism and Sport. It is allocated approximately 74 million euro annually in funding, some 85 per cent of which pays for a helicopter contract that costs 60 million euro annually. The overall funding figure is "variable", an Oireachtas committee was told in 2019. Other significant expenditure items include volunteer training exercises, equipment, maintenance, renewal, and information technology.

The Irish Coast Guard has four search and rescue helicopter bases at Dublin, Waterford, Shannon and Sligo, run on a contract worth 50 million euro annually with an additional 10 million euro in costs by CHC Ireland. It provides five medium-lift Sikorsky S-92 helicopters and trained crew. The 44 Irish Coast Guard coastal units with 1,000 volunteers are classed as onshore search units, with 23 of the 44 units having rigid inflatable boats (RIBs) and 17 units having cliff rescue capability. The Irish Coast Guard has 60 buildings in total around the coast, and units have search vehicles fitted with blue lights, all-terrain vehicles or quads, first aid equipment, generators and area lighting, search equipment, marine radios, pyrotechnics and appropriate personal protective equipment (PPE). The Royal National Lifeboat Institution (RNLI) and Community Rescue Boats Ireland also provide lifeboats and crews to assist in search and rescue. The Irish Coast Guard works closely with the Garda Siochána, National Ambulance Service, Naval Service and Air Corps, Civil Defence, while fishing vessels, ships and other craft at sea offer assistance in search operations.

The helicopters are designated as airborne from initial notification in 15 minutes during daylight hours, and 45 minutes at night. The aircraft respond to emergencies at sea, on inland waterways, offshore islands and mountains and cover the 32 counties. They can also assist in flooding, major inland emergencies, intra-hospital transfers, pollution, and can transport offshore firefighters and ambulance teams. The Irish Coast Guard volunteers units are expected to achieve a 90 per cent response time of departing from the station house in ten minutes from notification during daylight and 20 minutes at night. They are also expected to achieve a 90 per cent response time to the scene of the incident in less than 60 minutes from notification by day and 75 minutes at night, subject to geographical limitations.

Units are managed by an officer-in-charge (three stripes on the uniform) and a deputy officer in charge (two stripes). Each team is trained in search skills, first aid, setting up helicopter landing sites and a range of maritime skills, while certain units are also trained in cliff rescue.

Volunteers receive an allowance for time spent on exercises and call-outs. What is the difference between the Irish Coast Guard and the RNLI? The RNLI is a registered charity which has been saving lives at sea since 1824, and runs a 24/7 volunteer lifeboat service around the British and Irish coasts. It is a declared asset of the British Maritime and Coast Guard Agency and the Irish Coast Guard. Community Rescue Boats Ireland is a community rescue network of volunteers under the auspices of Water Safety Ireland.

No, it does not charge for rescue and nor do the RNLI or Community Rescue Boats Ireland.

The marine rescue centres maintain 19 VHF voice and DSC radio sites around the Irish coastline and a digital paging system. There are two VHF repeater test sites, four MF radio sites and two NAVTEX transmitter sites. Does Ireland have a national search and rescue plan? The first national search and rescue plan was published in July, 2019. It establishes the national framework for the overall development, deployment and improvement of search and rescue services within the Irish Search and Rescue Region and to meet domestic and international commitments. The purpose of the national search and rescue plan is to promote a planned and nationally coordinated search and rescue response to persons in distress at sea, in the air or on land.

Yes, the Irish Coast Guard is responsible for responding to spills of oil and other hazardous substances with the Irish pollution responsibility zone, along with providing an effective response to marine casualties and monitoring or intervening in marine salvage operations. It provides and maintains a 24-hour marine pollution notification at the three marine rescue centres. It coordinates exercises and tests of national and local pollution response plans.

The first Irish Coast Guard volunteer to die on duty was Caitriona Lucas, a highly trained member of the Doolin Coast Guard unit, while assisting in a search for a missing man by the Kilkee unit in September 2016. Six months later, four Irish Coast Guard helicopter crew – Dara Fitzpatrick, Mark Duffy, Paul Ormsby and Ciarán Smith -died when their Sikorsky S-92 struck Blackrock island off the Mayo coast on March 14, 2017. The Dublin-based Rescue 116 crew were providing "top cover" or communications for a medical emergency off the west coast and had been approaching Blacksod to refuel. Up until the five fatalities, the Irish Coast Guard recorded that more than a million "man hours" had been spent on more than 30,000 rescue missions since 1991.

Several investigations were initiated into each incident. The Marine Casualty Investigation Board was critical of the Irish Coast Guard in its final report into the death of Caitriona Lucas, while a separate Health and Safety Authority investigation has been completed, but not published. The Air Accident Investigation Unit final report into the Rescue 116 helicopter crash has not yet been published.

The Irish Coast Guard in its present form dates back to 1991, when the Irish Marine Emergency Service was formed after a campaign initiated by Dr Joan McGinley to improve air/sea rescue services on the west Irish coast. Before Irish independence, the British Admiralty was responsible for a Coast Guard (formerly the Water Guard or Preventative Boat Service) dating back to 1809. The West Coast Search and Rescue Action Committee was initiated with a public meeting in Killybegs, Co Donegal, in 1988 and the group was so effective that a Government report was commissioned, which recommended setting up a new division of the Department of the Marine to run the Marine Rescue Co-Ordination Centre (MRCC), then based at Shannon, along with the existing coast radio service, and coast and cliff rescue. A medium-range helicopter base was established at Shannon within two years. Initially, the base was served by the Air Corps.

The first director of what was then IMES was Capt Liam Kirwan, who had spent 20 years at sea and latterly worked with the Marine Survey Office. Capt Kirwan transformed a poorly funded voluntary coast and cliff rescue service into a trained network of cliff and sea rescue units – largely voluntary, but with paid management. The MRCC was relocated from Shannon to an IMES headquarters at the then Department of the Marine (now Department of Transport) in Leeson Lane, Dublin. The coast radio stations at Valentia, Co Kerry, and Malin Head, Co Donegal, became marine rescue-sub-centres.

The current director is Chris Reynolds, who has been in place since August 2007 and was formerly with the Naval Service. He has been seconded to the head of mission with the EUCAP Somalia - which has a mandate to enhance Somalia's maritime civilian law enforcement capacity – since January 2019.

  • Achill, Co. Mayo
  • Ardmore, Co. Waterford
  • Arklow, Co. Wicklow
  • Ballybunion, Co. Kerry
  • Ballycotton, Co. Cork
  • Ballyglass, Co. Mayo
  • Bonmahon, Co. Waterford
  • Bunbeg, Co. Donegal
  • Carnsore, Co. Wexford
  • Castlefreake, Co. Cork
  • Castletownbere, Co. Cork
  • Cleggan, Co. Galway
  • Clogherhead, Co. Louth
  • Costelloe Bay, Co. Galway
  • Courtown, Co. Wexford
  • Crosshaven, Co. Cork
  • Curracloe, Co. Wexford
  • Dingle, Co. Kerry
  • Doolin, Co. Clare
  • Drogheda, Co. Louth
  • Dun Laoghaire, Co. Dublin
  • Dunmore East, Co. Waterford
  • Fethard, Co. Wexford
  • Glandore, Co. Cork
  • Glenderry, Co. Kerry
  • Goleen, Co. Cork
  • Greencastle, Co. Donegal
  • Greenore, Co. Louth
  • Greystones, Co. Wicklow
  • Guileen, Co. Cork
  • Howth, Co. Dublin
  • Kilkee, Co. Clare
  • Killala, Co. Mayo
  • Killybegs, Co. Donegal
  • Kilmore Quay, Co. Wexford
  • Knightstown, Co. Kerry
  • Mulroy, Co. Donegal
  • North Aran, Co. Galway
  • Old Head Of Kinsale, Co. Cork
  • Oysterhaven, Co. Cork
  • Rosslare, Co. Wexford
  • Seven Heads, Co. Cork
  • Skerries, Co. Dublin Summercove, Co. Cork
  • Toe Head, Co. Cork
  • Tory Island, Co. Donegal
  • Tramore, Co. Waterford
  • Waterville, Co. Kerry
  • Westport, Co. Mayo
  • Wicklow
  • Youghal, Co. Cork

Sources: Department of Transport © Afloat 2020