#Ports&Shipping – The latest Irish Maritime Development Office (IMDO) Weekly Market Review includes the following stories outlined below.
Irish Maritime News: LE Eithne rescues migrants off Libya coast as reported on Afloat- After Government deployment of a Naval Service vessel to undertake humanitarian search and rescue missions, it has just completed its first rescue mission.
Global Maritime News: Dry Bulk Carrier Orders Crash to A Twenty Year Low - In the last four months dry bulk orders have fallen to 0.4m dwt per month, the lowest level since the 1990s. This is a massive 98% reduction from the 23m dwt peak in orders in December 2007, and probably the sharpest decline in recent decades. Not really a surprise in a market where Capesize bulkers are struggling to earn $4,000/day, but a timely relief to investors with ships on the orderbook.
Liberian Registry strengthens position as safest major flag by investing in new technology - The Liberian Registry has developed a unique satellite-based Compliance Assistance Programme (CAP) which has helped ensure regulatory compliance and prevent detentions in some of the world's most active Port State Control (PSC) areas.
For more of each of the above stories and much more click the IMDO Market Review (Week 20) here.
In addition to further dedicated coverage visit Afloat.ie's Ports & Shipping news.
