Irish Shipping volumes up 2% during Q2, 2014
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 IMDO.
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. 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.
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 (Q2 2013 v Q2 2014)
Release issued by Liam Lacey, Director, Irish Maritime Development Office
Notes to editors
Irish Maritime Development Office (IMDO) The Irish Maritime Development Office (IMDO) is the agency that promotes and assists the development of Irish shipping and Irish shipping services. The IMDO advises the Minister of Transport on the development and co-ordination of policy in the shipping and shipping services sector so as to protect and create employment. The IMDO releases statistical analysis of the Irish maritime freight and is also responsible for the promotion of the Irish tonnage tax regime.
The IMDO operates under the auspices of the Department of Transport, Tourism and Sport and is part of the Marine Institute which is the national agency responsible for Marine Research, Technology Development and Innovation. More information is available on www.imdo.ie