#Ports&Shipping –The latest IMDO Weekly Market Review includes the following stories as detailed below.
Aoife: Ireland is proceeding with the planned donation of the LE Aoife to Malta to assist in humanitarian work despite reports that members of the armed forces of Malta described the recently decommissioned Irish ship as outdated.
Port of Cork: Umbrella group backs Port of Cork's plan for €100m terminal upgrade - An umbrella organisation which represents more than 1,800 community groups has put its weight behind the Port of Cork's plans for a €100m upgrade of its deepwater terminal at Ringaskiddy.
Global Maritime News: US ports back in action - The Pacific Maritime Association and the International Longshore and Warehouse Union announced a tentative agreement on a new five-year contract covering workers at all 29 West Coast ports. The deal was reached with assistance from US Secretary of Labor Tom Perez and Federal Mediation and Conciliation Service Deputy Director Scot Beckenbaugh. The parties will not be releasing details of the agreement at this time. The agreement is subject to ratification by both parties.
Containers: Maersk posts record profit -The company said net earnings were $5.19bn, from $3.77bn in the previous 12 months. Of this, $2.85bn came from discontinued operations, mainly the sale of its Danish supermarket business, compared to $394m the year before. Revenue edged up to $47.56bn versus $47.38bn in 2013.
For more on each of the above and other stories click IMDO Weekly Markets Review (Week 9).
In addition to dedicated coverage on Afloat.ie's Ports & Shipping News. Including a report of the largest ever ship (Munkebo Maersk) to call to the Thames at the new London Gateway.
