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Displaying items by tag: The Irish Maritime Transport Economist

The 19th and latest edition of the Irish Maritime Transport Economist, a report produced by the Irish Maritime Development Office (IMDO) on Ireland’s maritime freight industry, has been published today (Monday 23 May) and makes for encouraging reading for the ports and shipping sector.

This edition reports on 2021, a year marked by the reorganisation of Irish supply chains following the end of the Brexit transition period, and a rebounding of demand in port traffic as COVID-19 restrictions were gradually eased.

The year under review was one of significant change in the RoRo freight market. With the end of the Brexit transition period came a surge in the demand for services on direct routes between Irish ports and mainland European ports.

RoRo traffic on these services rose by 94% compared to 2020. This demand was driven largely by a reduction in the use of the UK Landbridge. RoRo traffic to ports in Great Britain declined by 22% as a result of the shift in Landbridge traffic and also the redirection of Northern Irish traffic from ports in the Republic of Ireland to services through Belfast, Larne and Warrenpoint.

Direct EU traffic now represents one third of all RoRo volume, compared to 17% in recent years. In addition, LoLo traffic, the majority of which moves on direct routes to mainland Europe, increased to record levels, growing by 11% to just under 1.2m TEU’s.

Last year was also one of resurgent demand for Irish port traffic, as COVID-19 restrictions were gradually lifted and economic activity began its return towards pre-pandemic levels.

Break bulk traffic, made up largely of construction materials, rose significantly as Ireland’s construction industry regained momentum. Liquid bulk volumes increased gradually throughout the year and by the fourth quarter, were back at 2019 volumes.

In the RoRo passenger sector, numbers began to rise rapidly following the introduction of the EU’s Digital COVID Certificate which facilitated a return to international travel. 

And in the RoRo market, the number of weekly sailings to mainland European ports rose from 30 sailings per week to more than 60 at different points throughout the year. Two new entrants arrived into the RoRo market in 2021, such that now there are six shipping companies offering 13 different direct RoRo services to mainland EU ports, increasing capacity in what is a dynamic and competitive market. 

Commenting on the 19th edition of the IMTE, Hildegarde Naughton, Minister of State for International and Road Transport and Logistics, said: “I commend all stakeholders who contributed to the Brexit response and would like to express my appreciation for their efforts in maintaining Ireland’s connectivity to both GB and European markets.

“Ireland’s maritime industry was instrumental in maintaining a strong, connected economy throughout the monumental challenges of Brexit and COVID-19. I would like to acknowledge the efforts of the ports and shipping sectors and express my thanks for the invaluable services they provide.”

Liam Lacey, director of the IMDO, commented on the year ahead: “There are many reasons to be positive about the future of the Irish shipping industry. Demand is expected to rise further in 2022 as the effects of COVID-19 dissipate, and the period of greatest Brexit-related uncertainty passes.

“However, many new challenges lie ahead. The IMDO will continue to monitor these closely and report on the impacts for the Irish maritime industry.”

The Irish Maritime Transport Economist, Volume 19 is available to read and download on the IMDO website HERE.

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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