#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: Brexit has revived a dormant territorial dispute between Britain and the Republic of Ireland over the ownership of Lough Foyle as also reported on Afloat.ie. Lough Foyle in Derry and Carlingford Lough, between Counties Louth and Down, are both matters of dispute between Dublin and London.
Ship repair market could see huge boost on retrofits: A series of new regulations, most notably the Ballast Water Management Convention, as well as the recent cap on the use of sulphur fuels, is bound to lead to increased retrofits; since shipowners will gradually look to keep their vessels compliant.
EU Commission approves container liner shipping merger: The European Commission has cleared under the EU Merger Regulation the proposed acquisition of United Arab Shipping Company (“UASC”) by Hapag-Lloyd of Germany, subject to conditions. Both companies operate in the container liner shipping sector.