Displaying items by tag: Dublin Port Record Growth

23rd January 2016

Shipping Review: Dublin Port Record Growth, P&O Close Route, Baltic Dry Plunges & More

#ShippingReview – Jehan Ashmore reviews the shipping scene over the last fortnight where among the stories are outlined below.

Dublin Port posts record year for cargo in 2015, where trade growth year-on-year was 6.4% and total throughput was 32.8 million gross tonnes.

Also experiencing positive growth last year the Port of Cork & Bantry Bay Port reached a total of 11 million tonnes. Total trade traffic for Cork reached 9.8 million tonnes while Bantry Bay Port Company recorded 1.1 million tonnes in 2015, slightly down on last year.

P&O Ferries close the seasonal Larne-Troon route following a comprehensive reviews of its options.

d’Amico Tankers Limited (Ireland) sold the Cielo di Salerno for US$13,000,000. The 36,032dwt handysize product tanker was sold last month to SW Cap Ferrat Shipping LLC based in the Marshal Islands.

The Baltic Dry Index plunged to a record amid signs of slowing economic growth in China that’s also hurting the nation’s stock market.

Published in Ports & Shipping

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About Arklow Shipping

Arklow Shipping Limited, one of Ireland's leading shipping companies, has marked over 50 years of operation following its establishment in 1966.

The company, which began with a fleet of seven ships, has grown steadily over the years and now boasts a fleet of 59 vessels.

The company was founded by Captains James Tyrrell, Michael Tyrrell, and Victor Hall, who collaborated to create an umbrella company to operate their ships. This move allowed them to reduce overheads and strengthen their position in the market. The original fleet comprised seven ships, namely Tyrronall, Murell, Marizell, Valzell, Kilbride, River Avoca, and Avondale, all of varying sizes.

The shipping industry in Ireland underwent a significant transformation in the 1960s, with the replacement of traditional auxiliary schooners with modern crafts.

Arklow Shipping was at the forefront of this change, and the founders recognized the need for a new approach to shipping in Ireland. They built a company that could adapt to the changing market demands, and this has been a key factor in the company's continued growth.

Over the years, Arklow Shipping has bought, sold, and built ships, facing the challenges and opportunities that come with operating in the shipping industry. Despite these challenges, the company has remained committed to meeting market demand and providing high-quality services to its clients.

Today, Arklow Shipping is a leading player in the shipping industry, with a strong reputation for reliability and professionalism. The company's success story is a testament to the vision and dedication of its founders, who laid the foundation for a company that has stood the test of time.