Throughout June and July, many of the scheduled events have now been cancelled.
"As you are aware, over the last number of weeks we have been carefully monitoring the developing global situation. "We have also taken continued guidance from Government officials, the Health Service Executive, Irish Sailing and other experts as to the impact it will have on our overall Cork300 schedule of events," Admiral Morehead began.
He continued to state that "difficult decisions regarding Cork300 events scheduled for June and July" had to be made.
In June, the AIB 29er Irish National Championships will no longer take place.
In July, both the Volvo Cork Week 2020, in partnership with Johnson & Perrott, and The Beaufort Cup 2020 have been cancelled.
Additionally, the Classic Boat Festival, Wild Atlantic Way Cruise in Company and International Powerboat Festival will no longer take place.
Admiral Morehead noted that the Royal Cork Yacht Club Fleet Review event has been postponed.
Visitors and competitors who have entered any of these events via the Cork300 or the Cork Week website and paid the required entry fee will be refunded in full.
The Royal Cork Yacht Club has stated that, at present, they are continuing to plan for all of the Cork300 events scheduled from August 1 onwards.
The Club is known to be the oldest yacht club in the world, this year celebrating its tricentenary.
"This announcement, of course, comes with deep regret and will have an impact on the sailing community and the local economy.
"However, in the three hundred years since the foundation of the Royal Cork Yacht Club we have faced many adversities and we are confident that working together we will see our clubs, our countries and global sailing community come through these difficult and challenging times," Admiral Morehead said.
A full list of the impacted events can be viewed on https://www.royalcork.com/cork300-impacted-by-conoravirus/