#Ports&Shipping - The latest IMDO Weekly Market Review includes the following stories as outlined below.
Irish Maritime News: Bantry Harbour €8.5m Plan Gets the Green Light - Bantry harbour is set for a major €8.5m redevelopment which will see a new 20-berth marina, a deeper inner harbour, and a longer and wider pier completed by 2017. It is hoped the newlook harbour can attract cruise ships, and marine tourists, who will be able to berth leisure craft.
Container Market: Cheaper Fuel to Boost Container Shipping - Lower oil prices are reducing the cost of shipping from Asia to the US and Europe as the cost of bunkers fall. Container shipping companies deal with volatile fuel prices by adding a bunker adjustment/fuel surcharge to freight rates, with adjustments made periodically to reflect changes in average fuel consumption, sailing time, vessel capacity and fuel quality changes.
Growing Concerns about Container Liner Shipping Alliances - There are growing concerns among manufacturers, retailers and wholesalers about the long term threats of a concentrated container liner shipping industry through alliances, the European Shippers' Council (ESC) says.
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