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Displaying items by tag: Irish Export Drive to Asia

#Ports&Shipping –The latest IMDO Weekly Shipping Market Review includes the following stories as detailed below.

Irish Economy: Asian export drive - The Asia Trade Forum, an initiative of the Irish Exporters' Association set up to boost two-way trade, is planning a major business mission to two of China's leading business cities, Suzhou and Hangzhou next month. The mission will be similar to last year's visit to India, in which 40 Irish firms took part, said Hugh Kelly, chairman of the Asia Trade Forum. China is forecast to be Ireland's fourth largest export destination by 2030, overtaking countries such as France and Japan.

Panama Canal: Cargo forecast reduction - It is forecast that there will be a fall in cargo volumes of 8 million tonnes in the Panama Canal for 2013, according to Jorge Qiujano, the administrator for the Panama Canal Authority Administrator. This is a decline from the 330 million tonnes forecast to pass through the waterway, as reported by Seatrade Global. The anticipated 2.4% decrease is mainly due the impact of the drought that has affected the US.

Tanker Market: Petrol tanker rates surge -The amount of cargoes booked for tankers to ship European petrol to the US jumped, with rates for these tankers also surging, according to Bloomberg. There was a 14% gain in industry standard Worldscale points for voyages to New York from Rotterdam, the Baltic Exchange reported. Vessels earnings increased by 33%, rising to $19,410 per day.

To read more of each of the above stories and other news from the IMDO Weekly Markets Review for Week 19, click HERE to be viewed or downloaded as a PDF

 

Published in Ports & Shipping

Mixed Two Person Offshore Keelboat

For the first time in sailing's Olympic history, a Mixed Two Person Offshore Keelboat event will be on the slate at the Paris 2024 Olympic Sailing Competition.

The Mixed Two Person Offshore Keelboat will join kiteboarding, windsurfing, multihulls, singlehanded and doublehanded dinghies and skiffs, promoting the diversity of the sport. This, in turn, will support World Sailing's desire to promote and grow universality in all disciplines and increase female participation with gender-equal medals and athletes.

Offshore sailing is the ultimate test of endurance, skill, discipline, navigation and critical decision making.

Embracing a major part of sailing in the Paris 2024 Olympic Games will enable new stars of the sport to come to the forefront.

Qualification

Offshore sailing is a universal discipline that every World Sailing Member National Authority (MNA) can participate in.

Up to 20 nations will be on the start line at Paris 2024 and sailors from every continent will be represented. To qualify for the Olympic Games, continental qualification events will be held and competition for a spot will be hotly contested.

Equipment

For qualification events, World Sailing will approve a list of one-design boats that are already regionally available and can be accessed as a charter boat. Boats will be equalised to ensure fair competition.

For Paris 2024, World Sailing's Council will select a list of different Equipment it considers to meet the key criteria by 31 December 2020 and then make a decision on the Equipment, selecting from the list, no later than 31 December 2023.

MNAs, Class Associations and Manufacturers have all been invited to propose Equipment for the list and a World Sailing Working Party will evaluate each proposal. A recommended list will be presented to Council for approval in November 2020.

This recommended Equipment list will ensure that event organisers, MNAs and the sailors have opportunities to train and compete in Equipment that is readily available and affordable within their continent and country. It will also ensure each MNA has a fair opportunity to prepare for qualification events and eventually, Paris 2024.

Format

Starting and finishing in Marseille, the Mixed Offshore event is expected to last for either three days and two nights or four days and three nights off the French coastline and whoever crosses the finish line first will be declared Olympic champion.

The race course and length will be announced in the lead up to the start so the competition can take advantage of the latest weather forecast. Current options proposed include long and short courses heading towards the West and East of France.

Safety and Security

The French Navy and Mediterranean forces have extensive experience of supporting major oceanic sailing races. They will provide safety and security at Paris 2024.