Displaying items by tag: Container Volumes Up

26th November 2014

IMDO Market Review: ‘Box’ Volumes Rise, Record Asia-Europe Price Drop, Transport Tunnels Under Suez, Maersk Megaships $1bn Order and More

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

Irish Ports: Container shipping volumes rose by 9% in Q3 2014 - As previously reported on Afloat.ie, container shipping volumes Lo/Lo, rose by 9% in Q3. Ro/Ro experienced a 6% growth and Break Bulk volumes grew by 16%. This is in contrast however to total traffic volumes through Irish ports which fell by 3% overall in Q3, when compared to the same period last year.

Container Market: Record price drop on Asia-Europe routes - Box prices on the Asia-Europe trade fell nearly 21% this week representing the largest ever weekly decline on the route and effectively eroding recommended increases by carriers at the start of November. Last week's Shanghai Containerised Freight index shows that prices between Asian and European ports fell 20.5%, or $241, to $934 per TEU.

Shipping Lanes: Egypt hires German firm to bore transport tunnels under Suez Canal - Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8 billion project to expand the waterway that the government hopes will raise revenues and foreign currency reserves.

International Shipping: Maersk Line plans fresh wave of megaship orders worth $1bn - Maersk Line will defend its position as the world's leading container carrier with a fresh wave of orders for ultra large boxships (ULCs). The liner giant is poised to splash out close to $1bn on its first order for mega size vessels since placing a ground breaking order for "EEE"-class vessels three years ago.

For more on each of the above and other stories click the IMDO Weekly Markets Review (Week 47). In addition to dedicated coverage on Afloat.ie's Ports & Shipping News section.

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Container Shipping Volumes Rose 9% in Q3 2014

#ContainerRiseVolume – According to the Irish Maritime Development Office (IMDO) container shipping volumes, Lo/Lo have rose by 9% in Q3 of 2014.

Ro/Ro experienced a 6% growth and Break Bulk volumes grew by 16%. This is in contrast however to total traffic volumes through Irish ports which fell by 3% overall in Q3, when compared to the same period last year. This decline is captured in the iShip index which fell to 818 points in the period under review. The reduction in total volumes is attributable to the Dry Bulk and Liquids sectors and in particular to lower trade volumes in commodities such as coal, oil and fertilizer.

Activity in the Dry Bulk market generally dips in Q3, however, the decrease this year was more pronounced with volumes dropping to 3,290,393 tonnes, their lowest level since Q3 2012. A decline in coal imports was the largest contributory factor to the drop in the Dry Bulk volumes, while Liquid Bulk volumes fell by 16%, largely as a result of reduced oil imports. The markets for commodities such as coal and oil were influenced by mild weather conditions.

For the sixth quarter in a row the Ro/Ro sector has grown (up 6% on Q3 last year). Furthermore, Lo/Lo volumes increased 9% in Q3, the highest quarterly growth rate recorded in this traffic mode since 2007. As the majority of consumer goods are transported on Ro/Ro and Lo/Lo services, increases in traffic volumes on these modes support findings of improved consumer sentiment in the Irish economy. In September 2014, the KBC Ireland/ESRI Consumer Sentiment Index rose to 92.8, its highest level since January 2007.

In the Lo/Lo sector, laden imports rose by 13% in Q3, buoyed by a marked increase in demand for consumer goods from the Far East.
Ro/Ro freight volumes increased by 6% to 239,380 units in Q3, with 86% of this volume moving on services between Ireland and Great Britain. Ro/Ro traffic on direct services to the continent has been sluggish for the first three quarters of 2014, with a year on year growth of less than 1% recorded.

Break Bulk, which largely consists of imports of construction and project related materials, increased by 16%. Break Bulk has now seen five consecutive quarterly increases, supporting the view that the construction industry is experiencing sustained growth, albeit from a low base.

For a summary of freight traffic trends for the Republic of Ireland (see graph) and for more information and the role of the IMDO, visit their website HERE.

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National Yacht Club Facilities

Facilities include a slipway directly accessing Dun Laoghaire Harbour, over eighty club moorings, platform parking, pontoons, fuelling, watering and crane-lifting ensure that the NYC is excellently equipped to cater for all the needs of the contemporary sailor. Berths with diesel, water, power and overnight facilities are available to cruising yachtsmen with shopping facilities being a short walk away. The club is active throughout the year with full dining and bar facilities and winter activities include bridge, snooker, quiz nights, wine tasting and special events.

National Yacht Club History

Although there are references to an active “club” prior to 1870, history records that the present clubhouse was erected in 1870 at a cost of £4,000 to a design by William Sterling and the Kingstown Royal Harbour Boat Club was registered with Lloyds in the same year. By 1872 the name had been changed to the Kingston Harbour Boat Club and this change was registered at Lloyds.

In 1881. the premises were purchased by a Captain Peacocke and others who formed a proprietary club called the Kingstown Harbour Yacht Club again registered at Lloyds. Some six years later in 1877 the building again changed hands being bought by a Mr Charles Barrington. and between 1877 and 1901 the club was very active and operated for a while as the “Absolute Club” although this change of name was never registered.

In 1901, the lease was purchased by three trustees who registered it as the Edward Yacht Club. In 1930 at a time when the Edward Yacht Club was relatively inactive, a committee including The Earl of Granard approached the trustees with a proposition to form the National Yacht Club. The Earl of Granard had been Commodore of the North Shannon Y.C. and was a senator in the W.T.Cosgrave government. An agreement was reached, the National Yacht Club was registered at Lloyds. The club burgee was created, red cross of Saint George with blue and white quarters being sky cloud, sea and surf. The Earl of Granard became the first Commodore.

In July of 1950, a warrant was issued to the National Yacht Club by the Government under the Merchant Shipping Act authorising members to hoist a club ensign in lieu of the National Flag. The new ensign to include a representation of the harp. This privilege is unique and specific to members of the National Yacht Club. Sterling’s design for the exterior of the club was a hybrid French Chateau and eighteenth century Garden Pavilion and today as a Class A restricted building it continues to provide elegant dining and bar facilities.

An early drawing of the building shows viewing balconies on the roof and the waterfront façade. Subsequent additions of platforms and a new slip to the seaward side and most recently the construction of new changing rooms, offices and boathouse provide state of the art facilities, capable of coping with major international and world championship events. The club provides a wide range of sailing facilities, from Junior training to family cruising, dinghy sailing to offshore racing and caters for most major classes of dinghies, one design keelboats, sports boats and cruiser racers. It provides training facilities within the ISA Youth Sailing Scheme and National Power Boat Schemes.

Past Commodores

1931 – 42 Earl of Granard 1942 – 45 T.J. Hamilton 1945 – 47 P.M. Purcell 1947 – 50 J.J. O’Leary 1950 – 55 A.A. Murphy 1955 – 60 J.J. O’Leary 1960 – 64 F. Lemass 1964 – 69 J.C. McConnell 1969 – 72 P.J. Johnston 1972 – 74 L. Boyd 1974 – 76 F.C. Winkelmann 1976 – 79 P.A. Browne 1979 – 83 W.A. Maguire 1983 – 87 F.J. Cooney 1987 – 88 J.J. Byrne 1988 – 91 M.F. Muldoon 1991 – 94 B.D. Barry 1994 – 97 M.P.B. Horgan 1997 – 00 B. MacNeaney 2000 – 02 I.E. Kiernan 2002 – 05 C.N.I. Moore 2005 – 08 C.J. Murphy 2008 – 11 P.D. Ryan 2011 – P. Barrington 2011-2014 Larry Power 2014-2017 Ronan Beirne 2017 – 2019

At A Glance - National Yacht Club 2024 Events

24th February Optimist Sprint
25th February Leinster Schools Team Racing
3rd March Leinster Schools Team Racing
13th April Lift in
20th April Leinster Schools Team Racing
23rd – 24th, 27th – 28th April University Invitational Match Racing Championships
11th – 12th May 29er Easterns and Invitational Match Racing Nationals
25th – 26th May Women at the Helm Regatta
15th June NYC Regatta
22nd – 23rd June Topper Southern Champs
10th July NYC Junior Regatta
5th September NYC End of Season Race
21st – 22nd September F15 East Coast Championships
5th October Start of F15 Frostbite Series
12th October Lift Out
19th – 20th October RS Aero Easterns