IMDO Review: €6.4bn Marine Industry, Med Ships 13%, Battery Ferry & More

3rd July 2015

#Ports&Shipping – The latest Irish Maritime Development Office (IMDO) Weekly Market Review includes the following stories outlined below.

Irish Maritime News: Marine Sector to Double Contribution to GDP by 2030 - Irish marine industries can exceed €6.4bn a year in turnover by 2020 and increase their contribution to GDP to 2.4% by 2030, states a new national roadmap for the sector.

The 'Harnessing Our Ocean Wealth' report analyses market and non-market opportunities. The report's authors state Ireland has vast potential to tap into a €1,200bn global marine market for seafood, tourism, oil, gas, marine renewable energy, and new applications for health, medicine and technology.

Global Maritime News: 13% of Global - Shipping Traffic Moved by Mediterranean Ships. According to a study published by the economic research group Studi e Ricerche per il Mezzogiorno (SRM), the Mediterranean currently hosts 13% of global shipping traffic, a gain of four percentage points over 2005.

Emissions: Visedo Wins Contract for World's - Largest Battery Ferry Finnish company Visedo is providing the propulsion system for the world's largest all-electric ferry, under construction at Søby Shipyard in Denmark. The company's system was chosen over a similar offering by Siemens, the previous candidate for the delivery.

For more of the above stories and much more click the IMDO Market Review (Week 24) here.

In addition to further dedicated coverage visit Afloat.ie's Ports & Shipping news.

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About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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