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Displaying items by tag: Container Services Slip

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

Irish Maritime News: Waterford Estuary Dredging to Take Place as reported by Afloat.ie. The trailing suction hopper dredger, Freeway is working on removing silt from the shipping channel between Belview Port and out to the open sea.

Also reported on the IMDO Review and on our coverage is the Department of Transport which has outlined new SOLAS requirements for verification of the gross mass of shipping containers.

Global Container Market: Container Service Reliability Starts 2016 on a Disappointing Note. According to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors container service reliability started 2016 on a disappointing note as the average ontime performance slipped by 5.7 percentage points in January to 69.6%.

Tanker Market: VLGG Rates to Come Under. Further Pressure with the Delivery of 48 Vessels in 2016. Very Large Gas Carriers have fallen 68% from last year’s peaks and are currently near two year lows. The delivery of 48 vessels in 2016, in addition to the 35 delivered in 2015, is likely to dampen spot rates further according to shipping brokers this week.

Bulk Market: Freight Rates for Capesize Bulk. Carriers Likely to Remain Flat on Key Asian Routes. On key Asian routes, freight rates for capesize bulk carriers are likely to remain flat. This is because vessel supply is currently outpacing demand while at the same time higher bunker prices could support freight rates.

For more on the above stories and other news items, click the IMDO Market Review (Week 7) here.

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

Published in Dredging

Marine Science Perhaps it is the work of the Irish research vessel RV Celtic Explorer out in the Atlantic Ocean that best highlights the essential nature of marine research, development and sustainable management, through which Ireland is developing a strong and well-deserved reputation as an emerging centre of excellence. From Wavebob Ocean energy technology to aquaculture to weather buoys and oil exploration these pages document the work of Irish marine science and how Irish scientists have secured prominent roles in many European and international marine science bodies.

 

At A Glance – Ocean Facts

  • 71% of the earth’s surface is covered by the ocean
  • The ocean is responsible for the water cycle, which affects our weather
  • The ocean absorbs 30% of the carbon dioxide added to the atmosphere by human activity
  • The real map of Ireland has a seabed territory ten times the size of its land area
  • The ocean is the support system of our planet.
  • Over half of the oxygen we breathe was produced in the ocean
  • The global market for seaweed is valued at approximately €5.4 billion
  • · Coral reefs are among the oldest ecosystems in the world — at 230 million years
  • 1.9 million people live within 5km of the coast in Ireland
  • Ocean waters hold nearly 20 million tons of gold. If we could mine all of the gold from the ocean, we would have enough to give every person on earth 9lbs of the precious metal!
  • Aquaculture is the fastest growing food sector in the world – Ireland is ranked 7th largest aquaculture producer in the EU
  • The Atlantic Ocean is the second largest ocean in the world, covering 20% of the earth’s surface. Out of all the oceans, the Atlantic Ocean is the saltiest
  • The Pacific Ocean is the largest ocean in the world. It’s bigger than all the continents put together
  • Ireland is surrounded by some of the most productive fishing grounds in Europe, with Irish commercial fish landings worth around €200 million annually
  • 97% of the earth’s water is in the ocean
  • The ocean provides the greatest amount of the world’s protein consumed by humans
  • Plastic affects 700 species in the oceans from plankton to whales.
  • Only 10% of the oceans have been explored.
  • 8 million tonnes of plastic enter the ocean each year, equal to dumping a garbage truck of plastic into the ocean every minute.
  • 12 humans have walked on the moon but only 3 humans have been to the deepest part of the ocean.

(Ref: Marine Institute)

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