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Displaying items by tag: Irish Export Drive to Asia

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

Irish Economy: Asian export drive - The Asia Trade Forum, an initiative of the Irish Exporters' Association set up to boost two-way trade, is planning a major business mission to two of China's leading business cities, Suzhou and Hangzhou next month. The mission will be similar to last year's visit to India, in which 40 Irish firms took part, said Hugh Kelly, chairman of the Asia Trade Forum. China is forecast to be Ireland's fourth largest export destination by 2030, overtaking countries such as France and Japan.

Panama Canal: Cargo forecast reduction - It is forecast that there will be a fall in cargo volumes of 8 million tonnes in the Panama Canal for 2013, according to Jorge Qiujano, the administrator for the Panama Canal Authority Administrator. This is a decline from the 330 million tonnes forecast to pass through the waterway, as reported by Seatrade Global. The anticipated 2.4% decrease is mainly due the impact of the drought that has affected the US.

Tanker Market: Petrol tanker rates surge -The amount of cargoes booked for tankers to ship European petrol to the US jumped, with rates for these tankers also surging, according to Bloomberg. There was a 14% gain in industry standard Worldscale points for voyages to New York from Rotterdam, the Baltic Exchange reported. Vessels earnings increased by 33%, rising to $19,410 per day.

To read more of each of the above stories and other news from the IMDO Weekly Markets Review for Week 19, click HERE to be viewed or downloaded as a PDF

 

Published in Ports & Shipping

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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