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Shipping container giant, Maersk revealed that it will make around 2,000 staff redundant due to changes to the organisation linked to the integration of Damco into its Ocean Logistics business and the removal of the separate Safmarine brand, which it announced last month.

In a trading update for its third-quarter (Q3) 2020 performance and 2020 full year guidance adjustment, in which the world’s largest container shipping group also reported better-than-anticipated volumes and freight rates in the past three months.

Maersk said it “expects to take a restructuring charge of around US$100m in Q3 2020 related to the redundancies of approximately 2,000 employees as the consequence of the changes to the organisation in Ocean and Logistics & Services announced on 1 September 2020”.

With parent group A.P. Moller-Maersk announcing its was upgrading its full-year guidance for 2020 based on preliminary Q3 figures and the current outlook for Q4, Søren Skou, CEO of A.P. Moller - Maersk said: “A.P. Moller - Maersk is on track to deliver a strong Q3 with solid earnings growth across all our businesses, in particular in Ocean and Logistics & Services. Volumes have rebounded faster than expected, our cost have remained well under control, freight rates have increased due to strong demand and we are growing earnings rapidly in Logistics & Services.

More here LloydsLoadingList reports. 

Published in Ports & Shipping
2nd February 2012

Fastnet Line Closes For Good

#FERRY NEWS - The Fastnet Line ferry service between Cork and Swansea is to close with the loss of 78 jobs.

As previously reported on Afloat.ie, the operator had been in examinership since last November, and a restructured business plan had been submitted with a view to resuming high-season service in April.

However, in a statement the owners of the Fastnet Line said they had been unable to raise the €1m-plus investment required and that the examinership had "failed".

All 78 jobs will be lost as the company is set to be placed in receivership or liquidation later today.

The Fastnet Line - which was worth around €30 million to Cork in tourist spending - made its maiden voyage from Swansea to Cork in 2010, and was the only direct passenger and freight link between Wales and the south coast of Ireland.

The Irish Times has more on the story HERE.

Published in Ferry

Irish Sailing Classes and Association – There’s no shortage of one-design classes from which to choose and each gives its enthusiasts great competition, fun and camaraderie, writes Graham Smith in this review of the classes. 

One-design racing is where it all starts. It is, after all, where all the top sailors earned their stripes, battling away for line honours without a thought for a handicapper’s calculator wiping away a hard-fought victory!

Indeed, you could count on less than one hand the number of top Irish sailors who didn’t cut their teeth in a one-design dinghy! Just think of Cudmore, Barrington, Watson, Wilkins, Hennessy and Dix to name a few and you realise that they honed their skills in everything from Enterprises to Lasers and a lot in between.

At present count, there are a little over 30 one-design classes in Ireland, split almost evenly between dinghies and keelboats, a statistic which might raise a few eyebrows. They range from the long-established Mermaids, IDRA14s and Dragons to the newer additions like Fevas, Topaz and RS Elite. They all fill a particular need and give their owners and crews considerable enjoyment.

Many have attracted their World or European Championships to Irish waters over the years and while 2009 is notable for a lack of such events here, the following year will see the Etchells Worlds at Howth and perhaps a few other international regattas too.

In addition to the review, we asked each class to complete a questionnaire giving details of their fleet numbers, whether they were on a growth pattern or holding their own, so we could highlight those ‘on the up’ and those remaining static in terms of numbers. The older traditional designs, as you might imagine, fall into the latter category, although that’s not a negative!

CLASS REVIEW  The State of the Classes – League Table (as at February 2009)

S = Static; U = Up/growing

275     Optimist   U

200+   Laser   S

189     Mermaid   S

160     Flying Fifteen   S

130     RS Feva   U

115     Shannon One Design    U

100+   Mirror   S

100+   Topper   U

99       Topaz   U

94       Laser SB3   U

87       GP14   U

85       Squib   S

70       Fireball   S

70       Ruffian   S

60       J24   S

60       Shipman   S

52       Dragon   S

50       RS400/200   S

50       420    U

43       Multihulls    U

42       Dragon    S

40       Water Wags    U

40       Wayfarer    S

34       IDRA14    U

33       Puppeteer    U

28       Etchells    S

27       E-Boat    U

26       Glen    S

25       Enterprise    S

18       Sigma 33    S

18       Howth 17    U

13       RS Elite    U