IMDO Review: Fears of Marine Test Site, Operator Adds to Global Decline & Port Profits Rise

29th September 2016

Stern view of giant containership Gustav Maeark Credit: IMDO

#IMDOreview: The Irish Maritime Development Office (IMDO) Weekly Market Review which is produced in-house returns this week with coverage of domestic and global shipping news.

Irish Maritime News: Objectors fear marine test site could facilitate fish farm. The Connaught Tribune claimed this week that fears are growing that the Marine Institute’s plans for a

test site off Spiddal could pave the way for a fish farm in Galway Bay ‘through the back door’.

Global Maritime News: Hanjin’s returning: Charters and Selling Ships, Depressing Global Shipping Assets Hanjin Shipping's asset sales have started with three ships under charter sold by their owners last week, setting off a potential decline in ship values worldwide as the beleaguered maritime industry comes under renewed pressure.

Abu Dabi Port Profit up 77% in the First Half of 2016 Abu Dhabi Ports on Tuesday reported a 77 per cent rise in net profit for the first half of the year on the back of growth across all segments. The ports operator, which said revenue grew 20 per cent during the period, did not provide a monetary value.

For more stories of this edition which is available here in addition to Afloat's dedicated Ports & Shipping news coverage.

Published in Ports & Shipping

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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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