Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: Irish manufacturing growth

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

Irish Economy: Manufacturing Improves - The Irish manufacturing sector showed continued growth in September, with the release of the Investec Manufacturing Purchasing Managers Index (PMI) highlighting a 14-month high figure of 52.7 points, up from 52.0 in August. New orders, down 0.1 points from a 13-month high of 53.6 in August, recorded continued growth in both domestic andexport markets, leading to the rise in overall production during the month.

Container Market: Panamax Vessels Threatened by Cascading - The Panamax container market may experience overcapacity according to Lloyd's List if other carriers follow Maersk's lead to replace chartered tonnage after cascading its Triple-E 18,270 TEU capacity vessels. Cascading is the process of moving larger vessels from main trade routes onto smaller trade routes as they are displaced from the main trade routes by the entrance of even larger ships.

Finance: Dedicated Shipping Bank - Solace for second-tier shipowners has arrived as a group of shipping executives have launched the Maritime and Merchant Bank in Oslo, claiming the industry needs a financial institution to fill the void created by the main banks and lenders leaving the shipping market, due to the economic squeeze and new Basel III capital requirements. The bank has targeted capitalization of about $300m through an IPO next year.

For more on each of the above and other stories click the downloadable PDF IMDO Weekly Markets Review (Week 40). In addition to 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: Manufacturing improves - Irish manufacturing firms saw an improvement in overall business conditions in August as new orders grew at the fastest pace in 14 months, according toInvestec's monthly Purchasing Managers' Index (PMI). The PMI posted a 52 headline figure for August, up from 51 the months before. Anything over 50 indicates growth.

Container Market: Fleet growth continues - The size of the global containership fleet has exceeded the 17m TEU mark for the first time as carriers continue to order larger ships to cut operating costs, figures from Alphaliner showed last week. During the first seven months of the year, a total of 147 ships representing 938,500 TEU were delivered. Total deliveries are expected to exceed1.5m TEU in 2013.

Tanker Market: Chemical optimism - The chemical tanker industry is starting to turn the corner after years in the doldrums, according to Lloyd's List. The global trade in chemicals is heavily dependent on the state of the global manufacturing industry. When manufacturing slows, as has been the case in the last few year, the trade in chemicals suffers, which hits the chemical tanker segment.

For more on each of the above and other stories visit the downloadable PDF IMDO Weekly Markets Review (Week 35). In addition to 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: Manufacturing rises - Manufacturing activity grew slightly for the first time in four months in June, according to the Investec Manufacturing Purchasing Managers' Index. However, the survey showed that new export orders fell faster in June. The sub-index measuring orders from abroad fell to 48 in June from 49.3 in May, the second-lowest reading since 2009.

Short Sea Market: The short sea European bulk market was steady last week, according to H.C Shipping & Chartering's latest report. After the preceding flurry of activity, it was inevitable that momentum would not be sustained, leading this week to be noticeably more subdued. This was evident both from spot demand and to lesser extent spot supply.

Container Market: Rate turnaround - Container shipping costs are unlikely to drop any further, having sunk to the level they were at the last freight rate trough, and may be about to rise as carriers seek to restore profitability with a rates hike in July, according to Drewry. Average global freight rates fell to a 17-month low last month, according to the shipping consultant's new online Container Freight Rate Insight.

For more of the above visit the IMDO Weekly Markets Review (Week 26) and also on Afloat.ie's dedicated Ports & Shipping News section.

 

Published in Ports & Shipping

#News Update - Ireland's rate of growth in the manufacturing sector accelerated last month as businesses reported signs of strengthening demand.

The latest NCB Manufacturing Purchasing Managers' Index rose to 51.5 in February, up from 50.3 in January. A reading above 50 indicates expansion. Irish manufacturing activity has now expanded for 12 successive months.

A breakdown of the numbers showed new orders returned to growth in February, following a marginal reduction in January. For more on this The Irish Times has a report.

Published in News Update

Cork Harbour Information

It’s one of the largest natural harbours in the world – and those living near Cork Harbour insist that it’s also one of the most interesting.

This was the last port of call for the most famous liner in history, the Titanic, but it has been transformed into a centre for the chemical and pharmaceutical industry.

The harbour has been a working port and a strategic defensive hub for centuries, and it has been one of Ireland's major employment hubs since the early 1900s. Traditional heavy industries have waned since the late 20th century, with the likes of the closure of Irish Steel in Haulbowline and shipbuilding at Verolme. It still has major and strategic significance in energy generation, shipping and refining.

Giraffe wander along its shores, from which tens of thousands of men and women left Ireland, most of them never to return. The harbour is home to the oldest yacht club in the world, and to the Irish Navy. 

This deep waterway has also become a vital cog in the Irish economy.

‘Afloat.ie's Cork Harbour page’ is not a history page, nor is it a news focus. It’s simply an exploration of this famous waterway, its colour and its characters.

Cork Harbour Festival

Ocean to City – An Rás Mór and Cork Harbour Open Day formerly existed as two popular one-day events located at different points on Cork’s annual maritime calendar. Both event committees recognised the synergy between the two events and began to work together and share resources. In 2015, Cork Harbour Festival was launched. The festival was shaped on the open day principle, with Ocean to City – An Ras Mór as the flagship event.

Now in its sixth year, the festival has grown from strength to strength. Although the physical 2020 festival was cancelled due to Covid-19, the event normally features nine festival days starting on the first week of June. It is packed full of events; all made possible through collaboration with over 50 different event partners in Cork City, as well as 15 towns and villages along Cork Harbour. The programme grows year by year and highlights Ireland’s rich maritime heritage and culture as well as water and shore-based activities, with Ocean to City – An Rás Mór at the heart of the festival.

Taking place at the centre of Ireland’s maritime paradise, and at the gateway to Ireland’s Ancient East and the Wild Atlantic Way, Cork is perfectly positioned to deliver the largest and most engaging harbour festival in Ireland.

The Cork Harbour Festival Committee includes representatives from Cork City Council, Cork County Council, Port of Cork, UCC MaREI, RCYC, Cobh & Harbour Chamber and Meitheal Mara.

Marinas in Cork Harbour

There are six marinas in Cork Harbour. Three in Crosshaven, one in East Ferry, one in Monkstown Bay and a new facility is opening in 2020 at Cobh. Details below

Port of Cork City Marina

Location – Cork City
Contact – Harbour Masters Dept., Port of Cork Tel: +353 (0)21 4273125 or +353 (0)21 4530466 (out of office hours)

Royal Cork Yacht Club Marina

Location: Crosshaven, Co. Cork
Contact: +353 (0) 21 4831023

Crosshaven Boatyard Marina

Location: Crosshaven, Co. Cork
Contact: +353 (0)21 4831161

Salve Marina Ltd

Location: Crosshaven, Co. Cork
Contact: +353 (0) 21 4831145

Cork Harbour Marina

Location: Monkstown, Co. Cork
Contact: +353 (0)87 3669009

East Ferry Marina

Location: East Ferry, Co. Cork
Contact: +353 (0)21 4813390

New Cove Sailing Club Marina

(to be opened in 2020)

Location: Cobh, Co. Cork
Contact: 087 1178363

Cork Harbour pontoons, slipways and ramps

Cork City Boardwalk Existing pontoon

Port of Cork 100m. pontoon

Cork city – End of Cornmarket St. steps and slip;

Cork city - Proby’s Qy. Existing limited access slip

Quays Bar & Restaurant, Private pontoon and ramp for patrons, suitable for yachts, small craft town and amenities

Cobh harbour [camber] Slip and steps inside quay wall pontoon

Fota (zoo, house, gardens) Derelict pontoon and steps

Haulbowline naval basin; restricted space Naval base; restricted access;

Spike Island pier, steps; slip, pontoon and ramp

Monkstown wooden pier and steps;

Crosshaven town pier, with pontoon & steps

East Ferry Marlogue marina, Slip (Great Island side) visitors’ berths

East Ferry Existing pier and slip; restricted space East Ferry Inn (pub)
(Mainland side)

Blackrock pier and slips

Ballinacurra Quay walls (private)

Aghada pier and slip, pontoon & steps public transport links

Whitegate Slip

Passage West Pontoon

Glenbrook Cross-river ferry

Ringaskiddy Parking with slip and pontoon Ferry terminal; village 1km.

Carrigaloe pier and slip; restricted space; Cross-river ferry;

Fountainstown Slip

White’s Bay beach

Ringabella beach

Glanmire Bridge and tide restrictions

Old Glanmire - Quay