Displaying items by tag: iShip Index Q4 2014

2nd March 2015

Irish Ports & Shipping Volumes Up 7% During Q4 2014

#ShippingVolumes - Irish ports and shipping activity rose by 7% in the fourth quarter of 2014 when compared to the corresponding period of 2013.

The figures released today are from the quarterly iShip Index* published by the Irish Maritime Development Office (IMDO).

The latest analysis also indicates that four of the five principal freight segments grew in the second quarter of 2014.

The Ro/Ro freight segment experienced volume growth of 4% in the fourth quarter to 429,814 units and is the eighth consecutive quarterly increase in Ro/Ro traffic, the majority of which moves between Ireland and Great Britain and is a simple but reliable indicator of the level of trade between both economies.

Container traffic (Lo/Lo) grew by 8% to 157,077 units. Encouragingly, container imports have now risen for five consecutive quarters. Container exports continued to grow, increasing by 4% to 67,888 units.

The overall bulk traffic segment saw tonnage volumes increase by 7% when compared to the previous year. Break bulk, which largely consists of imports of construction and project related commodities, increased by 16%.

Break bulk has now seen seven consecutive quarterly increases. Liquid bulk also rose by 16% and dry bulk increased by 1%, having both experienced negative growth in recent quarters.

For a breakdown of figures for the previous quarter, Q3 of 2014, click HERE

*The iShip index is a volume index for all freight traffic moved to and from the Republic of Ireland. This does not include passengers or trans-shipment activity.

Note: All freight and passenger comparisons are done on a quarterly basis (Q4 2013 v Q4 2014).

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Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.