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Displaying items by tag: Investment Hit

Over the next five years investment in container port capacity is expected to tumble following coronavirus-induced global trade slowdowns.

According to the latest Global Container Terminal Operators Annual Review and Forecast report published by Drewry, container port capacity expansion will contract by at least 40% over the next five years in the wake of COVID-19 economic contractions that have hit container trade volumes.

The shipping consultant expects global container terminal capacity to grow at an average annual rate of 2.1% over the next five years, equating to an additional 25 million TEU per year.

“This is well below the capacity growth seen over the past decade, when the average annual increase was more than 40 million TEU a year,” noted Drewry.

Port throughput is projected to grow at an average annual rate of 3.5% over this period from 801 million TEU in 2019 to reach 951 million TEU by 2024.

For much more LloydsLoadingList reports

Published in Ports & Shipping

Coronavirus (COVID-19): Irish Sailing & Boating

Since restrictions began in March 2020, the Government is preparing for a 'controlled and gradual return to sport' and the 2020 sailing fixtures are being tentatively redrafted by yacht clubs, rowing clubs angling and diving clubs across Ireland as the country enters a new phase in dealing with the Coronavirus. The hope is that a COVID-19 restrictions might be eased by May 5th as Sport Ireland has asked national governing bodies for information on the challenges they face. 

Coronavirus (COVID-19) information

COVID-19 is a new illness that can affect your lungs and airways. It's caused by a virus called coronavirus.

To help stop the spread of coronavirus (COVID-19) everyone has been asked to stay at home. But some people may need to do more than this.

You may need to either:

You do these things to stop other people from getting coronavirus.

Read advice for people in at-risk groups

Read advice about cocooning.

Restricted movements

Everybody in Ireland has been asked to stay at home. You should only go out for a few reasons, such as shopping for food.

But you need to restrict your movements further if you: 

  • live with someone who has symptoms of coronavirus, but you feel well
  • are a close contact of a confirmed case of coronavirus
  • have returned to Ireland from another country

You need to restrict your movements for at least 14 days.

But if the person you live with has had a test and it is negative, you don't need to wait 14 days. You should still follow the advice for everyone - stay at home as much as possible.

Close contact

This is only a guide but close contact can mean:

  • spending more than 15 minutes of face-to-face contact within 2 metres of an infected person
  • living in the same house or shared accommodation as an infected person

How to restrict your movements 

Follow the advice for everybody - stay at home.