Irish Maritime Development Office, Ireland

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Irish Maritime Development Office,
Ireland Glenn Murphy, Director Irish Maritime
Development Office (IMDO)
Central Statistics Office Conference
2009 Shipping, the invisible hand moving the
Irish economy around the globe 11th November
2009
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Overview

• Key shipping indicators
• IMDO data analysis.
• Global shipping markets
• Shipping Port traffic performance
• Lift on/Lift off market (Lo/Lo)
• Roll on/Roll off market (ro/ro)
• Bulk sector
• Trend data.

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Analysis
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• Annual Irish Transport Economist (Volume 6
  April 2009)
• 12 Shipping Reviews Ireland to European Markets
  (2008)
• Quarterly publication of traffic data.
• Route and Competition Analysis

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Container Capacity in Market
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Container Operators
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Container Capacity in the Irish Market

• 23 reduction in available capacity compared to
  same period 2008

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GLOBAL SHIPPING MARKET
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TOP TRADING PARTNERS
Source CSO
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1785 depression
1999 recession
1970 depression
1980 recession
1957-63 depression
1930 depression
1902-10 depression
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The Supply Cycle
Deliveries 242 m dwt in 2008
Shipyards expand to replace the ships built in
the 1970s boom
Million Dwt
Deliveries 61 m dwt in 1976
30Year Cycle
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3
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Last phase of 1970s scrapping!
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Irish Container MarketLOLO volume
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MONTHLY LOLO TREND
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Container MarketRORO Volume
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ROI NI RORO TRAFFIC
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RORO TRAFFIC
115,051
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BULK MARKETDry/Liquid/Break
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Dry Bulk
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DRY BULK
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Break Bulk
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Source CSO
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BREAK BULK
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Liquid Bulk
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OIL PRICES
131.69
72.53
38.60
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Summary

• Shipping highly cyclical
• Rate of decline easing in all market segments.
• Economy appears to be moving out of recession
• Very large volume correction
• Threat of inflation from higher oil prices over
  winter months.
• Competitive, frequent shipping services have an
  important role to play in economic recovery.