Displaying items by tag: Enterprise Ireland
#Ports&Shipping –The latest IMDO Weekly Shipping Market Review includes the following stories as detailed below.
Irish Economy - Irish firm's exports up: Irish companies supported by Enterprise Ireland have reached record export levels in 2012, breaking the €16 billion mark for the first time. According to figures from Enterprise Ireland and the Department of Jobs, Enterprise and Innovation, there was a 6.6 per cent increase from the previous year, with exports totaling €16.2 billion.
Container Market -Service changes: Shippers should prepare for service changes and the blanking of sailings in the next few weeks as rates continue to decline sharply and carriers are forced to take action, according to SeaIntel chief Lars Jensen. Speaking at Containerisation International's Global Liner Conference, Mr Jensen said that oversupply of capacity had resulted in spot rates on services from Asia to Europe declining by around $60 per teu each week this year.
Dry Bulk Market -China to push rates up: Chinese demand for dry bulk imports, including iron ore and coal, is expected to lift freight rates from July onwards, according to Pareto Securities AS. Nicolai Hansteen, chief economist at Pareto Shipping, who spoke at the Scandinavian Shipping and Ship Finance Conference.
To read more of each of the above stories and other news from the IMDO Shipping Markets Review for Week 16, click HERE to be viewed or downloaded as a PDF
In addition the OPV delivered medical supplies on her visit to Riga, the Latvian capital, where the cargo was transported in aid of the Chernobyl Children's Project based in Belarus.