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Displaying items by tag: European Short Sea Shipping

#Ports&Shipping -The latest IMDO Weekly Shipping Market Review reports that the world's largest container shipping line, Maersk Line, is looking to change its path for the trade lane of Asia to US East Coast, by opting for the Suez Canal as opposed to the current Panama Canal.

The re-routing is to take advantage of economies of scale, as Maersk will be able to send a vessel through the Suez Canal that can carry up to 9,000 TEU containers, which would be more cost-effective than sending two 4,500 TEU vessels through the Panama Canal.

Dry Bulk Market: On the back of increased cargo availability, the dry bulk market has maintained its rising momentum. The steady increase is illustrated in the weekly rise in the industry's benchmark, Baltic Dry Index (BDI), finishing at 872, up from 818 the previous week.

Short Sea Shipping: In the European Short Sea Market, as with most weeks lately, can be summarised as "steady/flat", according to HC Shipping & Chartering". However, this week highlighted the abundance of spot tonnage slightly more than most weeks, along with owner's eagerness to cover positions becoming more evident.

Irish Economy: Globalization Ireland has been ranked the world's third most globalised economy in terms of GDP, and the most globalised nation in the western world, according to a new index published by Ernst and Young. The index is measured by a country's openness to trade, movement of capital, exchange of technology and ideas, labour movements, and cu ltural integration. Ireland finished third behind Hong Kong and Singapore, but ahead of Switzerland, Sweden, Denmark, Belgium and the UK.

To read more and other stories, they can be viewed or downloaded as a PDF from the IMDO Shipping Markets Review for Week 11.

 

Published in Ports & Shipping

Marine Leisure & Aquatic Tourism

Domestic coastal tourism expenditure was approximately €698 million in 2018, while domestic marine tourism generated €381 million.

Activities such as walking/ running along the coast, swimming and beach visitations are among the most popular activities for domestic visitors on both day and overnight trips.

While participation rates in pursuits such as bird and wildlife watching in coastal areas and visiting nature reserves, etc. in coastal areas were lower, these activities did see the highest frequency of both day and overnight trips for those active in these activities. 

According to the National University of Galway (NUIG) research the average expenditure per coastal day trip in 2018 was calculated at €95. The equivalent for coastal overnight trips was €310. The estimated water-based activity expenditure per person per trip across the sample was €56 rising to €73 for the subsample that actually undertake waterbased activities on their coastal visits. The results also indicate that domestic tourists undertake the majority of their marine activities on the West and South coasts of Ireland and that there are notable differences in participation rates across age groupings, social classes and by family makeup.

A domestic tourist is defined in this report as a person who spends at least one night away from home on their trip. Total expenditure by domestic tourists in coastal areas was estimated to be €698 million in 2018, which represents 35% of the total expenditure by domestic tourists (using the broader Fáilte Ireland measure for domestic tourists that includes business trips equating to 10.92 million in total trips and €2,006 million in total revenue).

The marine-related activity expenditure, or what might truly be referred to as domestic marine tourism, is estimated to generate revenue of €381 million with €172 million being spent on water-based activities. Marine tourism makes up an estimated 19% of total domestic tourism expenditure.

Marine Leisure Tourism - FAQ

Coastal tourism refers to land-based and water-based tourism activities taking place on the coast for which the proximity to the sea is a condition including also their respective services. Coastal and Marine Tourism & Leisure are seen as one of the Blue Economy (BE) sectors that can help unlock the potential of multi-use of space at sea by engaging with Blue Growth (BG) sectors such as Aquaculture and Marine Renewable Energy among others.

Sports: sailing, surfing, diving and fishing Heritage: Unesco coastal villages, archaeological sites of interest, biospheres and historical points of interest Arts: coastal museums, art galleries, museums, wrecks Education: Eco-tourism, field courses, NGOs. Food: Seafood restaurants, Seafood festivals

NUI Galway carried out a survey of domestic residents in Ireland in 2019 as part of a survey entitled "Valuing and understanding the dynamics of Ireland's Ocean Economy". The purpose of the household survey was to profile the domestic market for single-day trips (leisure) and overnight trips (tourism) for coastal and marine-related activities in Ireland. The results of the survey are also used to estimate what proportion of an Irish resident's total domestic tourism expenditure is in coastal areas (coastal tourism) and what proportion is spent on undertaking marine-related activities (marine tourism).

The NUI results highlight the important contribution that Ireland's marine and coastal resources make to the leisure experiences of the general population and the importance of the domestic tourism market to local coastal economies. The analysis indicates that domestic coastal tourism expenditure was approximately €698 million in 2018, while domestic marine tourism generated €381 million. Activities such as walking/ running along the coast, swimming and beach visitations are among the most popular activities for domestic visitors on both day and overnight trips. While participation rates in pursuits such as bird and wildlife watching in coastal areas and visiting nature reserves, etc. in coastal areas were lower, these activities did see the highest frequency of both day and overnight trips for those active in these activities. Satisfaction with the available marine-related leisure facilities was also found to be very high across all activities.

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