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Displaying items by tag: Q1 2020

According to the Central Statistics Office, Northern Ireland and Britain accounted for 29.4 per cent of the total tonnage of goods handled in the seven main ports in the Republic in the first quarter of 2021.

As the new CSO figures show, this compares with 39.5 per cent in the first quarter of 2020. The decline in share reflects a Brexit effect that was also reported in figures published by the Dublin Port Company in April.

Other EU countries accounted for 43.2 per cent of the total tonnage of goods handled in the main ports, an 8.6 percentage point increase compared with the same quarter in 2020.

For further figures, The Irish Times reports.

Published in Irish Ports

Irish Maritime Development Office (IMDO) has today released their Irish Port Traffic Report with figures for Q1 2020

To download the Report click the attachment below the article.

iShips Index

In Q1 2020, the IMDO’s iShip1 index recorded a 6% decline in overall shipping activity. Tonnage declines in the Dry Bulk and RoRo markets drove this decrease, contributing 65% and 30% to the fallrespectively. Across all market segments, the Bulk market makes up 55% of Irish tonnage, the RoRom market 30% and LoLo market 15%.

Unitised Trade

When combined, the RoRo and LoLo sectors make up the unitized trade market. This market largely represents finished goods further along the supply chain than the raw materials traded in the bulk markets. In the three months to March, the total Irish RoRo traffic fell by 5% while LoLo traffic declined by 3%. In order to provide added context and insight to these changes, there were three main contributing factors which should be noted.

Firstly, Q1 2019 experienced significant growth in both sectors. RoRo traffic expanded by 9% while the LoLo traffic grew by 7%, both outpacing its quarterly average of 5% between Q1 2015 – Q4 2018. Driving the growth in Q1 2019 was a period of inventory stockpiling that took place in as the UK’s proposed date of departure from the EU approached on March 29th.

Secondly, a period of inclement weather in February 2020 led to some cancelled sailings, reducing freight carryings during that time. Lastly, restraints on economic activity due to the COVID-19 pandemic began to impact upon the RoRo and LoLo market in the latter half of March 2020. Business closures across retail, construction and hospitality sectors will have begun to impact the both markets from this period onwards. The onset of COVID-19 in March stalled the recovery from lost sailings due to inclement weather in February.

Bulk

As highlighted above, the Dry Bulk market drove almost two thirds of the overall Irish tonnage decline in Q1, reflecting the large volumes traded in this market. A drop in agricultural and construction commodities such as fertilizer, animal feed and bauxite contributed to much of the Dry Bulk decline. Large variability due to seasonal factors and weather patterns are common in these markets.

Covid-19

Also some impact trading was felt in Q1, the restrictions placed on economic activity in Ireland and across the world as a result of the COVID-19 virus will become apparent in Q2 2020 for the Irish shipping markets. It is certain now that there will be considerable tonnage decline across all market sectors. The IMDO continues to monitor these markets closely as well as their indications for the wider Irish economy.

Published in Irish Ports

Ferry & Car Ferry News The ferry industry on the Irish Sea, is just like any other sector of the shipping industry, in that it is made up of a myriad of ship operators, owners, managers, charterers all contributing to providing a network of routes carried out by a variety of ships designed for different albeit similar purposes.

All this ferry activity involves conventional ferry tonnage, 'ro-pax', where the vessel's primary design is to carry more freight capacity rather than passengers. This is in some cases though, is in complete variance to the fast ferry craft where they carry many more passengers and charging a premium.

In reporting the ferry scene, we examine the constantly changing trends of this sector, as rival ferry operators are competing in an intensive environment, battling out for market share following the fallout of the economic crisis. All this has consequences some immediately felt, while at times, the effects can be drawn out over time, leading to the expense of others, through reduced competition or takeover or even face complete removal from the marketplace, as witnessed in recent years.

Arising from these challenging times, there are of course winners and losers, as exemplified in the trend to run high-speed ferry craft only during the peak-season summer months and on shorter distance routes. In addition, where fastcraft had once dominated the ferry scene, during the heady days from the mid-90's onwards, they have been replaced by recent newcomers in the form of the 'fast ferry' and with increased levels of luxury, yet seeming to form as a cost-effective alternative.

Irish Sea Ferry Routes

Irrespective of the type of vessel deployed on Irish Sea routes (between 2-9 hours), it is the ferry companies that keep the wheels of industry moving as freight vehicles literally (roll-on and roll-off) ships coupled with motoring tourists and the humble 'foot' passenger transported 363 days a year.

As such the exclusive freight-only operators provide important trading routes between Ireland and the UK, where the freight haulage customer is 'king' to generating year-round revenue to the ferry operator. However, custom built tonnage entering service in recent years has exceeded the level of capacity of the Irish Sea in certain quarters of the freight market.

A prime example of the necessity for trade in which we consumers often expect daily, though arguably question how it reached our shores, is the delivery of just in time perishable products to fill our supermarket shelves.

A visual manifestation of this is the arrival every morning and evening into our main ports, where a combination of ferries, ro-pax vessels and fast-craft all descend at the same time. In essence this a marine version to our road-based rush hour traffic going in and out along the commuter belts.

Across the Celtic Sea, the ferry scene coverage is also about those overnight direct ferry routes from Ireland connecting the north-western French ports in Brittany and Normandy.

Due to the seasonality of these routes to Europe, the ferry scene may be in the majority running between February to November, however by no means does this lessen operator competition.

Noting there have been plans over the years to run a direct Irish –Iberian ferry service, which would open up existing and develop new freight markets. Should a direct service open, it would bring new opportunities also for holidaymakers, where Spain is the most visited country in the EU visited by Irish holidaymakers ... heading for the sun!