Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: iShip Index Q1 2016

#ShippingQ12016 - Port and shipping activity in the Irish Republic rose 2% in the first quarter of 2016 when compared to the corresponding period of 2015.

The figures released are the latest quarterly iShip Index* published by the Irish Maritime Development Office (IMDO). This is the highest i-Ship the index has been in the first quarter of a given year since records began in Q1 2008.

Unitised traffic which consists of Roll-on/Roll-off (Ro/Ro) off and Lift-on/Lift-off (Lo/Lo) traffic continued to rise steadily and has now shown consistent growth for an extended period, with an average growth of 7% per quarter in unitised traffic since Q1 2014 as measured by the i-Ship index.

The majority of Ro/Ro traffic moves between Ireland and Great Britain and this freight segment is a simple but reliable indicator of the level of trade between both economies. Encouragingly, the Ro/Ro freight sector saw volume growth of 7% in the first quarter to 250,287 units. This is the fifteenth consecutive quarterly increase that Ro/Ro has experienced.

Lo/Lo imports have now risen for seven consecutive quarters, reaching 99,303 TEUs. Lo/Lo exports also grew strongly rising 5% to reach 70,551 TEUs. Overall, Lo/Lo container traffic increased by 8% to 169,854 TEUs.

When reviewing Unitised traffic it is worth noting that both Lo/Lo and Roll-on/Roll-off freight moves in an all-Island setting. Therefore when Northern Irish Ports are included, all-island Ro/Ro volume grew by 8% in Q1 2016. All Island traffic in the Lo/Lo sector grew 7% overall, with imports rising 6% and exports 9% for Q1 2016.

The overall bulk traffic segment saw tonnage volumes decrease by 2%, excluding transhipments, when compared to the previous year. This was mainly driven by a decrease in break bulk traffic of 12%; the first year on year decrease in break bulk since Q2 2013. There was a 1% fall in Dry Bulk traffic for Q1 2015, with trade in animal feed, fertiliser and coal affected the most. Liquid bulk (excluding transhipments) also fell marginally, to 2,757,733 tonnes in Q1 2016.

Note: *The iShip index is a volume index for all freight traffic moved to and from the Republic of Ireland. This does not include passengers, and transshipment activity.
Note: All freight and passenger comparisons are done on a quarterly basis (Q1 2015 v Q1 2016)

Published in Ports & Shipping

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!