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

Irish Maritime News: €50m port plan for super-tankers - A €50m plan for Foynes port will enable a new era of super-tankers to berth there and turn the Shannon Estuary into a world shipping hub.

Work will commence next month on the first €12.5m phase of the plan, the infilling of nearly 3.5 acres adjacent to the port's East Jetty. Funding will come from the Shannon Foynes Port Company (SFPC) reserves with some external funding. Private-sector developments at the port costing €26m have already been announced for the port.

ICG on the rise: Profit for the year jumped to €56m from €26.8m in 2013 as revenue grew 10% to €290.1m. The company was boosted by the addition of the 26,375-gt Epsilon and lower fuel costs. It raised the company's status to "buy" and it explained ICG could be free from its current €61.3m net debt in less than three years.

EU Study LNG: European Commissions' study on LNG as a shipping fuel shows industry's support -The European Commission presented the preliminary results of a study on the perception of the risks and opportunities of LNG as a shipping fuel. The results show that stakeholders recognise the environmental advantages of LNG as a shipping fuel, but are still uncertain whether they offer a clear business case.

EU Shipping Importance: Updated study highlights economic importance of EU shipping - ECSA presented the results of a recent update of the Oxford Economics study on the economic value of the EU shipping industry, which highlights the industry's important contribution to the EU economy based on new and more reliable data.

For more on each of the above and other stories click IMDO Weekly Markets Review (Week 10).

In addition to dedicated coverage on Afloat.ie's Ports & Shipping News.