Displaying items by tag: iShip Index Q1 2016

26th May 2016

Shipping Volumes in Irish Ports Up 2% During Q1 2016

Departing Dublin is Nicolas Delmas which since introduction last month has contributed to CMA-CGM's doubling of container capacity of its West Coast feeder service via Liverpool2

#ShippingQ12016 - Port and shipping activity in the Irish Republic rose 2% in the first quarter of 2016 when compared to the corresponding period of 2015.

The figures released are the latest quarterly iShip Index* published by the Irish Maritime Development Office (IMDO). This is the highest i-Ship the index has been in the first quarter of a given year since records began in Q1 2008.

Unitised traffic which consists of Roll-on/Roll-off (Ro/Ro) off and Lift-on/Lift-off (Lo/Lo) traffic continued to rise steadily and has now shown consistent growth for an extended period, with an average growth of 7% per quarter in unitised traffic since Q1 2014 as measured by the i-Ship index.

The majority of Ro/Ro traffic moves between Ireland and Great Britain and this freight segment is a simple but reliable indicator of the level of trade between both economies. Encouragingly, the Ro/Ro freight sector saw volume growth of 7% in the first quarter to 250,287 units. This is the fifteenth consecutive quarterly increase that Ro/Ro has experienced.

Lo/Lo imports have now risen for seven consecutive quarters, reaching 99,303 TEUs. Lo/Lo exports also grew strongly rising 5% to reach 70,551 TEUs. Overall, Lo/Lo container traffic increased by 8% to 169,854 TEUs.

When reviewing Unitised traffic it is worth noting that both Lo/Lo and Roll-on/Roll-off freight moves in an all-Island setting. Therefore when Northern Irish Ports are included, all-island Ro/Ro volume grew by 8% in Q1 2016. All Island traffic in the Lo/Lo sector grew 7% overall, with imports rising 6% and exports 9% for Q1 2016.

The overall bulk traffic segment saw tonnage volumes decrease by 2%, excluding transhipments, when compared to the previous year. This was mainly driven by a decrease in break bulk traffic of 12%; the first year on year decrease in break bulk since Q2 2013. There was a 1% fall in Dry Bulk traffic for Q1 2015, with trade in animal feed, fertiliser and coal affected the most. Liquid bulk (excluding transhipments) also fell marginally, to 2,757,733 tonnes in Q1 2016.

Note: *The iShip index is a volume index for all freight traffic moved to and from the Republic of Ireland. This does not include passengers, and transshipment activity.
Note: All freight and passenger comparisons are done on a quarterly basis (Q1 2015 v Q1 2016)

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The most significant events for the Half Ton Class has been the annual Half Ton Cup which was sailed under the IOR rules until 1993. More recently this has been replaced with the Half Ton Classics Cup. The venue of the event moved from continent to continent with over-representation on French or British ports. In later years the event is held biennially. Initially, it was proposed to hold events in Ireland, Britain and France by rotation. However, it was the Belgians who took the ball and ran with it. The Class is now managed from Belgium.