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#Ports&Shipping –The latest IMDO Weekly Shipping Market Review includes the following stories as detailed below.

Irish Ports: Cork Port Receives Recognition for High Environmental Standards – (as previously reported on, the European Sea Ports Organisation (ESPO) was delighted to congratulate the port of Cork, for achieving the Port Environmental Review System (PERS) certification. The port's fourth consecutive occasion to be awarded a PER certification since its inititial launch in 2006.

Container Market: Analysts predict rise in volume but decrease in rates for 2015, as operators look to GRI's for improvements. Drewery's expect growth across major trade lanes to hit a "relatively positive" year-on-year 5.5% in 2015 in its Outlook for Container Shipping Webinar presentation on Thursday. However Drewry's predicted that average rates will decline by 3-4% globally next year, highlighting the need for operators to cut costs.

Tanker Market: Al-Qaeda targets tankers - Security contractors believe tankers and other types of commercial tonnage could become increasingly attractive targets for Islamic terrorists in the months ahead. On Monday MAST joined the growing list of firms that are warning clients to be vigilant in the wake of reports that Al-Qaeda is urging followers to take aim at tankers bound for the West.

Environment: Scrubbers Are the Most Economic Option for Shipowners - Scrubbers are the most economic option for companies looking to become compliant with Emission Control Area (ECA) regulations. Scrubbers, which are outfitted on engines to remove sulphur from heavy marine fuel, are the least disruptive method to meet the regulations. Beginning 2015, sulphur content in marine fuel used in ECAs will not be allowed to exceed 0.10 per cent.

For more on each of the above and other stories click HERE for IMDO Weekly Markets Review (Week 43). In addition to coverage on's dedicated Ports & Shipping News section.


Published in Ports & Shipping

About MGM Boats

MGM Boats is one of Ireland's leading boat brokers now operating internationally as well as throughout Ireland. MGM Boats was founded in 1997 by brothers Martin and Gerry Salmon who were previously worked as a carpenter, joiner and glass fibre laminator in the 1980s. Martin progressed to boat retailing in the late 1980s and Gerry was a service manager in the 1990s. From these many years of experience, MGM Boats was founded in 1997. It started out as a service, maintenance and repairs company based in Malahide, Co. Dublin.

The company grew in 1998 when the Aquador dealership was acquired. Starting as they meant to go on, in 2001 MGM became distributors for Jeanneau Motorboats and Yachts and also opened its second office in Belfast. MGM had begun to create what would be an international and acclaimed brokerage company.

In 2003, MGM Boats moved to Dun Laoghaire Harbour, Co. Dublin. The large office space and yard expanded the service department and paved the way for MGM to acquire the dealership for Sunseeker in Ireland in 2003.

From then, MGM built up its brokerage listings and in 2009 it opened its office in Hamble, UK. This has led to many years of MGM being present at all major UK boat shows, and each year growing their presence and listings.

The success of MGM's brokerage listings spread internationally, leading in 2012 to 2 new offices being opened in the Mediterranean - in Villamoura, Portugal and Mallorca, Spain. The now international brand and team throughout these years received many awards for their enterprising spirit, customer service and international presence, including winning Sunseeker Distributor of the Year in 2007, 2009 and 2011.

This also led to a new Irish office being opened in Kinsale, Co. Cork increasing their presence within Ireland as well as abroad.

At A Glance – MGM Boats Agencies

MGM Boats are Irish agents for the following yacht and motorboat manufacturers

  • Jeanneau sail
  • Jeanneau power
  • Prestige
  • Lagoon catamarans
  • Aquador
  • Bayliner
  • Zodiac

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