Irish Shipping Volumes Up 2%

By MarEx 2014-08-19 12:43:00

Irish shipping and port activity rose by 2% in the second quarter of 2014 when compared to the corresponding period of 2013, according to the latest quarterly iShip Index published by the Irish Maritime Development Office (IMDO).The latest analysis also indicates that four of the five principal freight segments grew in the second quarter of 2014.

The Roll on/roll off freight segment experienced volume growth of 7% in the second quarter to 244,629 units and is the sixth consecutive quarterly increase in freight trailers. The majority of Roll on/roll off 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.

Container traffic (lift on/lift off) grew by 5% to 154,725 units. Encouragingly container imports have now risen for three consecutive quarters; Q4 2013 +3%, Q1 2014 +6% and Q2 2014 +7%. Container exports continued to growth increasing by 2%. Container operators have noticed a significant increase in deep sea traffic from Asia since the beginning of the year which bodes well for domestic consumption in the coming quarter.

The overall bulk traffic segment saw tonnage volumes decline by 8% when compared to the previous year. Break bulk, which largely consists of imports of construction and project related commodities, increased by 34%.  Break bulk has now seen four consecutive quarterly increases.

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