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Displaying items by tag: Shipping Volumes

#Shipping - Shipping and port activity in the Republic of Ireland rose by 1% in the second quarter of 2017 when compared to the corresponding period of 2016, according to the latest iShip Index published by the Irish Maritime Development Office (IMDO).

Unitised traffic — which consists of roll-on/roll-off (RORO) and lift-on/lift-off (LOLO) traffic — continued to rise, growing by 3% when compared to Q2 2016.

The majority of RORO traffic moves between Ireland and Great Britain, meaning this freight segment is a simple but reliable indicator as to the level of trade between both economies.

The RORO freight sector for the Republic of Ireland saw volume growth of 3% in the second quarter of 2017. This is the fifth consecutive Q2 increase in this freight category.

As for LOLO (containership) traffic, exports in the Republic of Ireland (ROI) rose by 7.4% compared to Q2 2016, while imports remained relatively unchanged — rising by 0.9%. Overall, LOLO traffic in ROI increased by 3.7% to 184,673 TEU.

When reviewing unitised traffic, it is worth noting that both LOLO and RORO freight segments move in an all-island setting. Therefore, when Northern Irish ports are included, all-island RORO volumes grew by 2% in Q2 2017.

All-island LOLO traffic grew by 3.5%, with all-island imports and exports rising by 1.1% and 6.6% respectively compared to Q2 2016.

NI RORO volumes grew by 2%, while NI LOLO traffic grew by 2.8%. This was driven primarily by 4% growth in NI LOLO exports.

The bulk traffic segment saw tonnage volumes decrease by 1% (excluding transhipments) in the Republic of Ireland when compared to the same period last year. This was driven primarily by a 3% fall in Dry Bulk tonnage.

Break bulk volumes grew by 3%, while liquid Bulk traffic remained stable compared to Q2 2016.

Summary of Shipping Volumes for Republic of Ireland:

Summary of Shipping Volumes for Republic of Ireland Q2 2017

Published in Ports & Shipping

About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.