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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

About the Sea Fisheries Protection Authority (SFPA)

The Sea-Fisheries Protection Authority was established on the 1st of January 2007. The SFPA is independent in the exercise of its functions, which are below.

The principal functions of the Authority are:

  1. To secure efficient and effective enforcement of sea-fisheries law and food safety law
  2. To promote compliance with & deter contraventions of sea-fisheries law and food safety law
  3. To detect contraventions of sea-fisheries law and food safety law
  4. To provide information to the sea-fisheries and seafood sectors on sea-fisheries law and food safety law and relevant matters within the remit of the Authority, through the Consultative Committee established under section 48 of the above Act or by any other means it considers appropriate
  5. To advise the Minister in relation to policy on effective implementation of sea-fisheries law and food safety law
  6. To provide assistance and information to the Minister in relation to the remit of the Authority
  7. To collect and report data in relation to sea fisheries and food safety as required by the Minister and under Community law
  8. To represent or assist in the representation of the State at national, Community and international fora as requested by the Minister, and
  9. To engage in any other activities relating to the functions of the Authority as may be approved of by the Minister.