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Irish Shipping Activity Dips 2% In Q4 2016

Published on Feb 14 2017 4:30 PM in Supply Chain tagged: Trending Posts / Irish Maritime Development Office

Irish Shipping Activity Dips 2% In Q4 2016

The Irish Maritime Development Office (IMDO) has published its latest iShip index measuring shipping and port activity in the Republic of Ireland. The index shows a 2% drop in the fourth quarter of 20...

The Irish Maritime Development Office (IMDO) has published its latest iShip index measuring shipping and port activity in the Republic of Ireland. The index shows a 2% drop in the fourth quarter of 2016 as compared to the corresponding period in 2015.

The IMDO states the drop can be ‘largely explained’ by a 7% contraction in Bulk traffic, which was driven by a 10% fall in Dry Bulk freight. Unitised trade, comprising Lift-on Lift-off and Roll-on Roll-off traffic, rose steadily, and correlates well with Irish GDP levels.

Over 80% of the Irish Roll-on Roll-off traffic moves between the UK and the Republic, and grew by 7% year on year in Q4 2016. Lift-on Lift-off grew by 5% in the same time period, and by 6% when compared to the January-December year-on-year timeframe.

The 10% decrease in Dry Bulk traffic is explained in the IMDO’s index as being due to a decline in volumes of coal and animal feed, falling 51% and 9% respectively.

Liquid Bulk traffic also saw a 4% fall in Q4 2016, while Break Bulk grew 3%.

Offsetting some of the drop in Bulk traffic in the Republic, Northern Irish ports reported a 6% growth in Total Bulk traffic in Q4.

© 2017 - Checkout Magazine by Donncha Mac Cóil

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