Displaying items by tag: Shipping Volumes

25th August 2017

Irish Shipping Volumes Rise By 1% In Q2 2017

#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

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About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.