The Emerald Isle: Shipping On The Up

Twitter
Facebook
LinkedIn
Email
Emerald_Isle_1280_800_84_s_c1

The Irish Maritime Development Office (IMDO) has announced that shipping and port activity in the Republic of Ireland rose by 2% in Q3 2016 when compared to the corresponding period of 2015.

Unitised traffic – which consists of Roll-on/Roll-off (Ro/Ro) and Lift-on/Lift-off (Lo/Lo) traffic – continued to rise steadily. Unitised traffic for this quarter grew by 6% when compared to Q3 2015.

The majority of Ro/Ro traffic moves between Ireland and Great Britain, meaning this freight segment is a simple but reliable indicator of the level of trade between both economies. The Ro/Ro freight sector saw volume growth of 5% in Q3. However, this is the fourth consecutive Q3 increase in this freight category since 2012.

As for Lo/Lo traffic, this has now seen three consecutive Q3 increases, the largest of which (6%) has come this quarter. Both Lo/Lo imports and exports performed strongly, rising by 5% and 7% respectively. Overall, Lo/Lo laden traffic in ROI increased 6% to 174,791 TEU.

When reviewing unitised traffic it is worth noting that both Lo/Lo and Ro/Ro freight move in an all-island setting. Therefore, when Northern Irish ports are included, all-island Ro/Ro volume grew by 4% in Q3 2016, while all-island Lo/Lo traffic grew by 2%. All island traffic in the Lo/Lo sector has grown 4% since January 2016, with imports rising 4% and exports 3% during that period.

The overall bulk traffic segment saw tonnage volumes decrease by 0.02%, excluding transshipments, when compared to the previous year. This was driven primarily by a 10% drop-off in liquid bulk as well as a 14% drop in coal. Break bulk, which largely consists of imports of construction and project related commodities, increased by 7%. There was a 3% rise in dry bulk traffic for Q3 2016 driven mainly by fertilizer. This reflects the reality that a high degree of fluctuation in traffic volume is typical in the dry bulk market when viewed on a quarterly basis.

Daily Email Newsletter

Sign up to our daily email newsletter to receive the latest news from Port Technology International.
FREE

Supplier Directory

Find out how to get listed

Webinar Series

Find out how to attend

Latest Stories

Registration is now open for the FREE AI – PRIORI DataPX1 Webinar on Thursday 6th October at 14:00 (BST).

– Create Custom views of what is important to you across Business Roles

– Empower everyone to be data driven

– Amplify the value of data across your enterprise

Cookie Policy. This website uses cookies to ensure you get the best experience on our website.