#Ports&Shipping - The latest IMDO Weekly Market Review includes the following stories as outlined below.
Irish Maritime News: "Many benefits" to Bantry Inner Harbour Development – A steady stream of interested parties were drawn to a public information meeting held by the Bantry Bay Port Company to outline development plans as previously reported on Afloat.ie.
The Port of Cork said: "Phase 1 of the Bantry Inner Harbour Development which the Port of Cork will undertake on behalf of its subsidiary company, Bantry Bay Port Company, which is likely to cost €8.5m".
Global Maritime News: World's largest container ship enters the Panama Registry - The Panama Maritime Authority (AMP) has announced that the Merchant Marine Department has inscribed in the Panama Registry the world's largest container ship, the MSC Oscar. The AMP says this is a reflection of the effort made by the present administration, to attract newly built vessels.
Container Market: Asia-Europe box rates drop 13% in a week - The cost of shipping containers from Asia to Europe continues to slide, with spot rates tumbling another 13% over the past week. The question now is whether general rate increases that were due to take effect on April 1 are able to reverse the current downwards cycle.
Technology: The CMA CGM Group is launching the first real-time container tracking mobile application for clients - The CMA CGM Group, world's leading container shipping companies, is pleased to announce the launching of its first mobile application offering a follow-up solution and real time data collecting on the container's position, the upcoming vessels departures and other services by CMA CGM.
For more of each of the above stories and much more click the IMDO Market Review (Week 15) HERE.
In addition to further coverage from Afloat.ie's dedicated Ports & Shipping news by clicking HERE.
