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Displaying items by tag: IMDO Weekly Review

#IMDOreview - The Irish Maritime Development Office (IMDO) latest Weekly Market Review has among the following stories below.

Irish Maritime News: The Environmental Protection Agency (EPA) received a record number of submissions in relation to Dublin Port's Dumping Plan as reported on Afloat.ie following the port's most recent application to dump spoil in Dublin Bay.

Global Maritime News: E.U Ministers Agree to Implement TEN-T - The EU transport ministers convened at the first day of the TEN-T Days in the Van Nelle Factory in Rotterdam on Tuesday of this week.They discussed the process of implementing the Trans-European Transport Network: new challenges and opportunities, new technologies and mobility patterns for passengers, as well as digitalization and automation of freight transport.

Leaders of the U.K Shipping Industry Concerned with Brexit - Members of the U.K.’s shipping community are concerned about the future of London’s role as a global centre of ship financing, brokering and insurance in the case of a British exit from the European Union.

Although the U.K. has long lost its status as the world’s top ship-owning nation, the maritime business contributes an annual $6.5 billion to the economy, with some 80% of business from abroad, according to PricewaterhouseCoopers.

For more on the above stories and other news items, click here and Afloat.ie's Ports & Shipping news here.

Published in Ports & Shipping

#IMDOreview -The Irish Maritime Development Office (IMDO) returns with its Weekly Market Review and among the following stories are outlined below.

Irish Maritime News: Irish Continental Group Purchase Four Containerships -The Dublin headquartered Irish Continental Group as reported by loadstar.ie, took advantage of weak market conditions to snap up the 980 teu Elbfeeder, Elbtrader and Elbcarrier, paying just $21.8m for the seven-year-olds, from their German KG owner, and $5m for the 2005-built 800 teu Jork Ranger.

For further details on the acquisition as previously reported on Afloat.ie, click here.

Global Maritime News: United States Government Increase Maritime Security in Southeast Asia - The United States is boosting maritime securityassistance to Southeast Asia, the White House announced on Tuesday.

In total, a statement commissioned by the White House said that the United States is committing $119 million in fiscal year 2015 (FY 2015) and will seek to provide $140 million in assistance the following year subject to appropriation, totalling over $250 million over two years.

Tanker Market: Canada Bans West Coast Crude Oil Tankers - Canada's new Liberal government has moved to implement a ban on crude oil tankers along the country's West Coast, a recently released directive to the country's new Minister of Transport Marc Garneau has revealed.

In the mandate letter, new Canadian Prime Minister Justin Trudeau directed the Transport Ministry to "Formalize a moratorium on crude oil tanker traffic on British Columbia's North Coast" - a region that includes a number of ports including Prince Rupert and Kitimat.

For more on the above stories and other news items, click the IMDO Market Review (Week 48) here.

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

Published in Ports & Shipping

#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.

Published in Ports & Shipping

#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.

Published in Ports & Shipping

#Ports&Shipping –The latest IMDO Weekly Market Review includes the following stories as detailed below.

Aoife: Ireland is proceeding with the planned donation of the LE Aoife to Malta to assist in humanitarian work despite reports that members of the armed forces of Malta described the recently decommissioned Irish ship as outdated. 

Port of Cork: Umbrella group backs Port of Cork's plan for €100m terminal upgrade - An umbrella organisation which represents more than 1,800 community groups has put its weight behind the Port of Cork's plans for a €100m upgrade of its deepwater terminal at Ringaskiddy.

Global Maritime News: US ports back in action - The Pacific Maritime Association and the International Longshore and Warehouse Union announced a tentative agreement on a new five-year contract covering workers at all 29 West Coast ports. The deal was reached with assistance from US Secretary of Labor Tom Perez and Federal Mediation and Conciliation Service Deputy Director Scot Beckenbaugh. The parties will not be releasing details of the agreement at this time. The agreement is subject to ratification by both parties.

Containers: Maersk posts record profit -The company said net earnings were $5.19bn, from $3.77bn in the previous 12 months. Of this, $2.85bn came from discontinued operations, mainly the sale of its Danish supermarket business, compared to $394m the year before. Revenue edged up to $47.56bn versus $47.38bn in 2013.

For more on each of the above and other stories click IMDO Weekly Markets Review (Week 9).

In addition to dedicated coverage on Afloat.ie's Ports & Shipping News. Including a report of the largest ever ship (Munkebo Maersk) to call to the Thames at the new London Gateway.

Published in Ports & Shipping

#Ports&Shipping –The latest IMDO Weekly Shipping Market Review includes the following stories as detailed below.

Irish Economy: Manufacturing rises-Irish manufacturing saw its first improvement in four months during June, according to the latest monthly purchasing managers' index, which increased from 49.7 points to 50.3 points. The 50+ reading was largely anticipated, but wider positivity among respondent companies has led commentators to suggest the sector's growth might be sustainable.

EU Shipping Industry: Proposals welcomed -European shipowner and port bodies have welcomed the EC's proposals to ease customs formalities at EU ports, according to Fairplay. The scheme would put the proposals in place as of 2015, as part of an attempt to streamline port functioning to move toward a single EU shipping market. The moves would upgrade further an existing simplified customs regime available to intra-EU shipping lines.

Dry Bulk Market: Vessel prices -Rising prices for second-hand dry bulk vessels point to a turnaround in the industry, according to Market Realist. During May, the average prices for 15-year-old panamax, handymax/supramax, and handysize ships rose to an eight-month high. As companies can sell and purchase 15-year-old ships in the market right away - unlike new builds - price movements in 15-year-old ships reflect market fundamentals.

For more of the above visit the IMDO Weekly Markets Review (Week 27) and also on Afloat.ie's dedicated Ports & Shipping News section.

 

Published in Ports & Shipping

#Ports&Shipping –The latest IMDO Weekly Shipping Market Review includes the following stories as detailed below.

Irish Economy: Agri-food exports - Irish agri-food will meet its goal of reaching €12bn annual exports by 2020, according to Irish Exporters Association chief executive Colin Lawlor. Irish food and drink exports have grown 26% in the last three years, totalling a record €9.2bn in 2012. The sector now accounts for about 10% of total exports. Mr Lawlor said agri-food is one of Ireland's most important indigenous manufacturing sectors, accounting for the employment of some 160,000 people.

Newbuilding: Two year high - Newbuilding orders reached 222 ships totalling over 15m dwt in May, a level not seen since May 2011, Fairplay reported last week, quoting shipbroker Golden Destiny. Invested capital exceeded $11.8Bn, although the contract price was not revealed for 85 orders, the shipbroker said.

Container Market: Rates slump - Global freight rates fell by 9% in May, marking a 17-month low, according to Drewy's Global Freight Index. While the bulk of the fall-off stemmed from weakness on the east-west routes and particularly westbound rates on the Asia Europe trade lane, poor load factors led rates to weaken on other major trade routes as well. Bucking the trend, however, was the Intra-Asia market, which remained stable over the month.

For more of the above visit the IMDO Weekly Markets Review (Week 25) and also on Afloat.ie's dedicated Ports & Shipping News.

Published in Ports & Shipping

#Ports&Shipping -The latest Weekly Shipping Market Review from the Irish Marine Development Office (IMDO) reports that Asia will be a key trading partner in future Irish export growth according to a report from HSBC Global Connections.

Research from the bank predicts that China will overtake France and Japan to become Ireland's fourth largest export destination by 2030.

In the weekly summary from the Short-Sea Shipping sector, there has been a gradual and steady decline since around the end of October last year, there appears to be signs of rates levelling over the past few weeks, with overall rates remaining stable although pressure remains downwards

Germany's merchant fleet, the third largest in the world, is experiencing stalling growth, as liquidity and capital shortages are taking their toll. The level of tonnage owned and managed by the German fleet is declining for the first time in a decade, according to German Shipowners' association VDR.

The complete IMDO Shipping Markets Review for week 9 is available as a PDF to read or download HERE.

 

Published in Ports & Shipping

Irish Fishing industry 

The Irish Commercial Fishing Industry employs around 11,000 people in fishing, processing and ancillary services such as sales and marketing. The industry is worth about €1.22 billion annually to the Irish economy. Irish fisheries products are exported all over the world as far as Africa, Japan and China.

FAQs

Over 16,000 people are employed directly or indirectly around the coast, working on over 2,000 registered fishing vessels, in over 160 seafood processing businesses and in 278 aquaculture production units, according to the State's sea fisheries development body Bord Iascaigh Mhara (BIM).

All activities that are concerned with growing, catching, processing or transporting fish are part of the commercial fishing industry, the development of which is overseen by BIM. Recreational fishing, as in angling at sea or inland, is the responsibility of Inland Fisheries Ireland.

The Irish fishing industry is valued at 1.22 billion euro in gross domestic product (GDP), according to 2019 figures issued by BIM. Only 179 of Ireland's 2,000 vessels are over 18 metres in length. Where does Irish commercially caught fish come from? Irish fish and shellfish is caught or cultivated within the 200-mile exclusive economic zone (EEZ), but Irish fishing grounds are part of the common EU "blue" pond. Commercial fishing is regulated under the terms of the EU Common Fisheries Policy (CFP), initiated in 1983 and with ten-yearly reviews.

The total value of seafood landed into Irish ports was 424 million euro in 2019, according to BIM. High value landings identified in 2019 were haddock, hake, monkfish and megrim. Irish vessels also land into foreign ports, while non-Irish vessels land into Irish ports, principally Castletownbere, Co Cork, and Killybegs, Co Donegal.

There are a number of different methods for catching fish, with technological advances meaning skippers have detailed real time information at their disposal. Fisheries are classified as inshore, midwater, pelagic or deep water. Inshore targets species close to shore and in depths of up to 200 metres, and may include trawling and gillnetting and long-lining. Trawling is regarded as "active", while "passive" or less environmentally harmful fishing methods include use of gill nets, long lines, traps and pots. Pelagic fisheries focus on species which swim close to the surface and up to depths of 200 metres, including migratory mackerel, and tuna, and methods for catching include pair trawling, purse seining, trolling and longlining. Midwater fisheries target species at depths of around 200 metres, using trawling, longlining and jigging. Deepwater fisheries mainly use trawling for species which are found at depths of over 600 metres.

There are several segments for different catching methods in the registered Irish fleet – the largest segment being polyvalent or multi-purpose vessels using several types of gear which may be active and passive. The polyvalent segment ranges from small inshore vessels engaged in netting and potting to medium and larger vessels targeting whitefish, pelagic (herring, mackerel, horse mackerel and blue whiting) species and bivalve molluscs. The refrigerated seawater (RSW) pelagic segment is engaged mainly in fishing for herring, mackerel, horse mackerel and blue whiting only. The beam trawling segment focuses on flatfish such as sole and plaice. The aquaculture segment is exclusively for managing, developing and servicing fish farming areas and can collect spat from wild mussel stocks.

The top 20 species landed by value in 2019 were mackerel (78 million euro); Dublin Bay prawn (59 million euro); horse mackerel (17 million euro); monkfish (17 million euro); brown crab (16 million euro); hake (11 million euro); blue whiting (10 million euro); megrim (10 million euro); haddock (9 million euro); tuna (7 million euro); scallop (6 million euro); whelk (5 million euro); whiting (4 million euro); sprat (3 million euro); herring (3 million euro); lobster (2 million euro); turbot (2 million euro); cod (2 million euro); boarfish (2 million euro).

Ireland has approximately 220 million acres of marine territory, rich in marine biodiversity. A marine biodiversity scheme under Ireland's operational programme, which is co-funded by the European Maritime and Fisheries Fund and the Government, aims to reduce the impact of fisheries and aquaculture on the marine environment, including avoidance and reduction of unwanted catch.

EU fisheries ministers hold an annual pre-Christmas council in Brussels to decide on total allowable catches and quotas for the following year. This is based on advice from scientific bodies such as the International Council for the Exploration of the Sea. In Ireland's case, the State's Marine Institute publishes an annual "stock book" which provides the most up to date stock status and scientific advice on over 60 fish stocks exploited by the Irish fleet. Total allowable catches are supplemented by various technical measures to control effort, such as the size of net mesh for various species.

The west Cork harbour of Castletownbere is Ireland's biggest whitefish port. Killybegs, Co Donegal is the most important port for pelagic (herring, mackerel, blue whiting) landings. Fish are also landed into Dingle, Co Kerry, Rossaveal, Co Galway, Howth, Co Dublin and Dunmore East, Co Waterford, Union Hall, Co Cork, Greencastle, Co Donegal, and Clogherhead, Co Louth. The busiest Northern Irish ports are Portavogie, Ardglass and Kilkeel, Co Down.

Yes, EU quotas are allocated to other fleets within the Irish EEZ, and Ireland has long been a transhipment point for fish caught by the Spanish whitefish fleet in particular. Dingle, Co Kerry has seen an increase in foreign landings, as has Castletownbere. The west Cork port recorded foreign landings of 36 million euro or 48 per cent in 2019, and has long been nicknamed the "peseta" port, due to the presence of Spanish-owned transhipment plant, Eiranova, on Dinish island.

Most fish and shellfish caught or cultivated in Irish waters is for the export market, and this was hit hard from the early stages of this year's Covid-19 pandemic. The EU, Asia and Britain are the main export markets, while the middle Eastern market is also developing and the African market has seen a fall in value and volume, according to figures for 2019 issued by BIM.

Fish was once a penitential food, eaten for religious reasons every Friday. BIM has worked hard over several decades to develop its appeal. Ireland is not like Spain – our land is too good to transform us into a nation of fish eaters, but the obvious health benefits are seeing a growth in demand. Seafood retail sales rose by one per cent in 2019 to 300 million euro. Salmon and cod remain the most popular species, while BIM reports an increase in sales of haddock, trout and the pangasius or freshwater catfish which is cultivated primarily in Vietnam and Cambodia and imported by supermarkets here.

The EU's Common Fisheries Policy (CFP), initiated in 1983, pooled marine resources – with Ireland having some of the richest grounds and one of the largest sea areas at the time, but only receiving four per cent of allocated catch by a quota system. A system known as the "Hague Preferences" did recognise the need to safeguard the particular needs of regions where local populations are especially dependent on fisheries and related activities. The State's Sea Fisheries Protection Authority, based in Clonakilty, Co Cork, works with the Naval Service on administering the EU CFP. The Department of Agriculture, Food and Marine and Department of Transport regulate licensing and training requirements, while the Marine Survey Office is responsible for the implementation of all national and international legislation in relation to safety of shipping and the prevention of pollution.

Yes, a range of certificates of competency are required for skippers and crew. Training is the remit of BIM, which runs two national fisheries colleges at Greencastle, Co Donegal and Castletownbere, Co Cork. There have been calls for the colleges to be incorporated into the third-level structure of education, with qualifications recognised as such.

Safety is always an issue, in spite of technological improvements, as fishing is a hazardous occupation and climate change is having its impact on the severity of storms at sea. Fishing skippers and crews are required to hold a number of certificates of competency, including safety and navigation, and wearing of personal flotation devices is a legal requirement. Accidents come under the remit of the Marine Casualty Investigation Board, and the Health and Safety Authority. The MCIB does not find fault or blame, but will make recommendations to the Minister for Transport to avoid a recurrence of incidents.

Fish are part of a marine ecosystem and an integral part of the marine food web. Changing climate is having a negative impact on the health of the oceans, and there have been more frequent reports of warmer water species being caught further and further north in Irish waters.

Brexit, Covid 19, EU policies and safety – Britain is a key market for Irish seafood, and 38 per cent of the Irish catch is taken from the waters around its coast. Ireland's top two species – mackerel and prawns - are 60 per cent and 40 per cent, respectively, dependent on British waters. Also, there are serious fears within the Irish industry about the impact of EU vessels, should they be expelled from British waters, opting to focus even more efforts on Ireland's rich marine resource. Covid-19 has forced closure of international seafood markets, with high value fish sold to restaurants taking a large hit. A temporary tie-up support scheme for whitefish vessels introduced for the summer of 2020 was condemned by industry organisations as "designed to fail".

Sources: Bord Iascaigh Mhara, Marine Institute, Department of Agriculture, Food and Marine, Department of Transport © Afloat 2020