#IMDOreview -The Irish Maritime Development Office (IMDO) latest Weekly Market Review has among the following stories as outlined below.
Irish Maritime News: As reported on Afloat, BAM Civil Ltd has been appointed to the undertake the Bantry Inner Harbour Development. BAM's appointment as the main contractor by Bantry Bay Port Company follows a public tender process.
Global Maritime News: New Building Market Shrinking Every Week, according to Allied Shipbroking’s Latest Weekly Report. In its latest weekly report, shipbroker Allied Shipbroking noted that “a new order here, a new order there and an ever shrinking order-book leaves the newbuilding market shrinking every week”.
Container Market: Port of Hamburg Declines by Almost Ten Percent. The Port of Hamburg has announced a 9.3% year on-year fall in its 2015 container handling volumes amid weak market conditions. The port reported that its throughput went down from 9.7m TEU in 2014 to 8.8m teu last year, falling to third-place in the European container ports rankings behind Rotterdam and Antwerp, which handled 12m TEU and 9.6m TEU respectively in 2015.
For more on the above stories and other news items, click the IMDO Market Review (Week 6) here.
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