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IMDO Shipping Review: Irish Economy Highest Since Pre-Crisis, Containers Volumes Down, Chinese Ramp Up LNG Orders and more…

26th March 2013
IMDO Shipping Review: Irish Economy Highest Since Pre-Crisis, Containers Volumes Down, Chinese Ramp Up LNG Orders and more…

#Ports&Shipping -The latest IMDO Weekly Shipping Market Review reports that total exports in the Irish Economy last year hit their highest level ever at 16 per cent above the pre-crisis high, Enterprise Minister Richard Bruton has said. Mr Bruton said total exports were now at €182bn, after figures from the CSO showed a record trade surplus of €46bn.

Key Ports throughput in the Northern European Container Market witnessed a slight rise in throughput between December and January 2013, however, a year-on-year comparison shows total volume down 3.5 per cent, as noted by Drewry's Container Insight Weekly.

In the LNG Markets, there is rapid Chinese import demand as a newbuild order for 10 LNG carriers is in line with China Inc's strategy to ramp up its gas carrier ownership, as it becomes a more dominant presence in the industry. Japan, the industry's top importer is still way ahead of China, with annual imports of 87 million tonnes, compared to China's yearly imports of 15 million tonnes.

To read more of each of the above stories and other news, they can be viewed or downloaded as a PDF from the IMDO Shipping Markets Review for Week 12.

 

Published in Ports & Shipping
Jehan Ashmore

About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals. 

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