Shipping Review: Reduced Exposure on Brexit, Marine Industry Awards & Port Volumes Rise

9th July 2016

#ShippingReview - Jehan Ashmore reviews the shipping scene and of the following stories among the last fortnight.

Enterprise Ireland are to seek its clients to be less reliant on UK markets following Brexit, this is to reduce exports by about 7% over the next five years.

Bad news for Irish exporters into the UK as imports will decline as foreign products become more expensive due to weakening sterling, ratings agency Fitch has warned.

At the second annual Marine Industry Awards, held in Galway, Dr Dave Jackson of the Marine Institute was named as Marine Industry Leader for 2016.

After 15 years the European Commission, Council and Parliament have agreed on Port Regulation, a legal framework for organising port services and financial transparency for ports.

Following completion of a series of three freight train trials will enable Irish Rail to increase loads by 50%.

CSO figures reveal an increase in Irish port volumes that handled 50.7 million tonnes of goods in 2015, an increase of 3.2 million tonnes (+6.7%) when compared to 2014.

Published in Ports & Shipping

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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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