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Displaying items by tag: Irish Manufacturing Surge

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

Irish Economy: Surge in Manufacturing - New export orders for Irish manufacturing companies grew in July for the first time in five months. The Investec Manufacturing Purchasing Managers' Index (PMI) increased from 50.3 in June 2013 to 51.0 in July, making it the first rise above the 50 mark dividing growth from contraction since February.

European Shipping: Weak Trade Prospects - The latest global port tracker for North Europe says that trade prospects are not improving despite there being a few short term hopeful signs. This is mainly due to the slowdown in China's growth rate. Experts are predicting that the Northern European market will remain on a downward slope as China's anaemic growth impacts the export scene as much as the recession, which will negate any hope of a peak season.

Container Market: Peak Season on the Wane - The peak season of the east-west trades no longer means a big surge in cargo volumes, ensuring big implications for carriers and shippers according to Drewry. The way that this year's peak season in the Northern Hemisphere is shaping up, ocean carriers should not count too much on a significant revenue boost in 3Q of 2013.

For more of the above and other stories visit the IMDO Weekly Markets Review (Week 31) and also on Afloat.ie's dedicated Ports & Shipping News section.

 

Published in Ports & Shipping

William M Nixon has been writing about sailing in Ireland and internationally for many years, with his work appearing in leading sailing publications on both sides of the Atlantic. He has been a regular sailing columnist for four decades with national newspapers in Dublin, and has had several sailing books published in Ireland, the UK, and the US. An active sailor, he has owned a number of boats ranging from a Mirror dinghy to a Contessa 35 cruiser-racer, and has been directly involved in building and campaigning two offshore racers. His cruising experience ranges from Iceland to Spain as well as the Caribbean and the Mediterranean, and he has raced three times in both the Fastnet and Round Ireland Races, in addition to sailing on two round Ireland records. A member for ten years of the Council of the Irish Yachting Association (now the Irish Sailing Association), he has been writing for, and at times editing, Ireland's national sailing magazine since its earliest version more than forty years ago

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