Menu

Ireland's sailing, boating & maritime magazine

IMDO Review: Eithne’s Rescue Role, Bulker Order 20 Year-Low, Liberian Safer Registry

3rd June 2015
IMDO Review: Eithne’s Rescue Role, Bulker Order 20 Year-Low, Liberian Safer Registry

#Ports&Shipping – The latest Irish Maritime Development Office (IMDO) Weekly Market Review includes the following stories outlined below.

Irish Maritime News: LE Eithne rescues migrants off Libya coast as reported on Afloat- After Government deployment of a Naval Service vessel to undertake humanitarian search and rescue missions, it has just completed its first rescue mission.

Global Maritime News: Dry Bulk Carrier Orders Crash to A Twenty Year Low - In the last four months dry bulk orders have fallen to 0.4m dwt per month, the lowest level since the 1990s. This is a massive 98% reduction from the 23m dwt peak in orders in December 2007, and probably the sharpest decline in recent decades. Not really a surprise in a market where Capesize bulkers are struggling to earn $4,000/day, but a timely relief to investors with ships on the orderbook.

Liberian Registry strengthens position as safest major flag by investing in new technology - The Liberian Registry has developed a unique satellite-based Compliance Assistance Programme (CAP) which has helped ensure regulatory compliance and prevent detentions in some of the world's most active Port State Control (PSC) areas.

For more of each of the above stories and much more click the IMDO Market Review (Week 20) here.

In addition to further dedicated coverage visit Afloat.ie's Ports & Shipping news.

Published in Ports & Shipping
Jehan Ashmore

About The Author

Jehan Ashmore

Email The Author

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. 

We've got a favour to ask

More people are reading Afloat.ie than ever thanks to the power of the internet but we're in stormy seas because advertising revenues across the media are falling fast. Unlike many news sites, we haven't put up a paywall because we want to keep our marine journalism open.

Afloat.ie is Ireland's only full-time marine journalism team and it takes time, money and hard work to produce our content.

So you can see why we need to ask for your help.

If everyone chipped in, we can enhance our coverage and our future would be more secure. You can help us through a small donation. Thank you.

Direct Donation to Afloat button