Tuesday, August 19 10:49:10
Irish shipping and port activity rose by 2pc in the second quarter of this year when compared to the same period in 2013, according to the latest quarterly iShip Index from 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 7pc 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 5pc to 154,725 units. Encouragingly container imports have now risen for three consecutive quarters; Q4 2013 +3pc, Q1 2014 +6pc and Q2 2014 +7pc. Container exports continued to growth increasing by 2pc. 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 8pc when compared to the previous year. Break bulk, which largely consists of imports of construction and project related commodities, increased by 34pc. Break bulk has now seen four consecutive quarterly increases.
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