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Displaying items by tag: Irish manufacturing growth

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

Irish Economy: Manufacturing Improves - The Irish manufacturing sector showed continued growth in September, with the release of the Investec Manufacturing Purchasing Managers Index (PMI) highlighting a 14-month high figure of 52.7 points, up from 52.0 in August. New orders, down 0.1 points from a 13-month high of 53.6 in August, recorded continued growth in both domestic andexport markets, leading to the rise in overall production during the month.

Container Market: Panamax Vessels Threatened by Cascading - The Panamax container market may experience overcapacity according to Lloyd's List if other carriers follow Maersk's lead to replace chartered tonnage after cascading its Triple-E 18,270 TEU capacity vessels. Cascading is the process of moving larger vessels from main trade routes onto smaller trade routes as they are displaced from the main trade routes by the entrance of even larger ships.

Finance: Dedicated Shipping Bank - Solace for second-tier shipowners has arrived as a group of shipping executives have launched the Maritime and Merchant Bank in Oslo, claiming the industry needs a financial institution to fill the void created by the main banks and lenders leaving the shipping market, due to the economic squeeze and new Basel III capital requirements. The bank has targeted capitalization of about $300m through an IPO next year.

For more on each of the above and other stories click the downloadable PDF IMDO Weekly Markets Review (Week 40). In addition to Afloat.ie's dedicated Ports & Shipping News section.

 

Published in Ports & Shipping

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

Irish Economy: Manufacturing improves - Irish manufacturing firms saw an improvement in overall business conditions in August as new orders grew at the fastest pace in 14 months, according toInvestec's monthly Purchasing Managers' Index (PMI). The PMI posted a 52 headline figure for August, up from 51 the months before. Anything over 50 indicates growth.

Container Market: Fleet growth continues - The size of the global containership fleet has exceeded the 17m TEU mark for the first time as carriers continue to order larger ships to cut operating costs, figures from Alphaliner showed last week. During the first seven months of the year, a total of 147 ships representing 938,500 TEU were delivered. Total deliveries are expected to exceed1.5m TEU in 2013.

Tanker Market: Chemical optimism - The chemical tanker industry is starting to turn the corner after years in the doldrums, according to Lloyd's List. The global trade in chemicals is heavily dependent on the state of the global manufacturing industry. When manufacturing slows, as has been the case in the last few year, the trade in chemicals suffers, which hits the chemical tanker segment.

For more on each of the above and other stories visit the downloadable PDF IMDO Weekly Markets Review (Week 35). In addition to Afloat.ie's dedicated Ports & Shipping News section.

 

Published in Ports & Shipping

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

Irish Economy: Manufacturing rises - Manufacturing activity grew slightly for the first time in four months in June, according to the Investec Manufacturing Purchasing Managers' Index. However, the survey showed that new export orders fell faster in June. The sub-index measuring orders from abroad fell to 48 in June from 49.3 in May, the second-lowest reading since 2009.

Short Sea Market: The short sea European bulk market was steady last week, according to H.C Shipping & Chartering's latest report. After the preceding flurry of activity, it was inevitable that momentum would not be sustained, leading this week to be noticeably more subdued. This was evident both from spot demand and to lesser extent spot supply.

Container Market: Rate turnaround - Container shipping costs are unlikely to drop any further, having sunk to the level they were at the last freight rate trough, and may be about to rise as carriers seek to restore profitability with a rates hike in July, according to Drewry. Average global freight rates fell to a 17-month low last month, according to the shipping consultant's new online Container Freight Rate Insight.

For more of the above visit the IMDO Weekly Markets Review (Week 26) and also on Afloat.ie's dedicated Ports & Shipping News section.

 

Published in Ports & Shipping

#News Update - Ireland's rate of growth in the manufacturing sector accelerated last month as businesses reported signs of strengthening demand.

The latest NCB Manufacturing Purchasing Managers' Index rose to 51.5 in February, up from 50.3 in January. A reading above 50 indicates expansion. Irish manufacturing activity has now expanded for 12 successive months.

A breakdown of the numbers showed new orders returned to growth in February, following a marginal reduction in January. For more on this The Irish Times has a report.

Published in News Update

Sharks in Irish waters

Irish waters are home to 71 species of shark, skates and rays, 58 of which have been studied in detail and listed on the Ireland Red List of Cartilaginous fish. Irish sharks range from small Sleeper sharks, Dogfish and Catsharks, to larger species like Frilled, Mackerel and Cow sharks, all the way to the second largest shark in the world, the Basking shark. 

Irish waters provide a refuge for an array of shark species. Tralee Bay, Co. Kerry provides a habitat for several rare and endangered sharks and their relatives, including the migratory tope shark, angel shark and undulate ray. This area is also the last European refuge for the extremely rare white skate. Through a European Maritime and Fisheries Fund (EMFF) project, Marine Institute scientists have been working with fishermen to assess the distribution, diversity, and monthly relative abundance of skates and rays in Tralee, Brandon and Dingle Bays.

“These areas off the southwest coast of Ireland are important internationally as they hold some of the last remaining refuges for angel shark and white skate,” said Dr Maurice Clarke of the Marine Institute. “This EMFF project has provided data confirming the critically endangered status of some species and provides up-to-date information for the development of fishery measures to eliminate by-catch.” 

Irish waters are also home to the Black Mouthed Catshark, Galeus melastomus, one of Ireland’s smallest shark species which can be found in the deep sea along the continental shelf. In 2018, Irish scientists discovered a very rare shark-nursery 200 nautical miles off the west coast by the Marine Institute’s ROV Holland 1 on a shelf sloping to 750 metres deep. 

There are two ways that sharks are born, either as live young or from egg casings. In the ‘case’ of Black Mouthed Catsharks, the nursery discovered in 2018, was notable by the abundance of egg casings or ‘mermaid’s purses’. Many sharks, rays and skate lay eggs, the cases of which often wash ashore. If you find an egg casing along the seashore, take a photo for Purse Search Ireland, a citizen science project focusing on monitoring the shark, ray and skate species around Ireland.

Another species also found by Irish scientists using the ROV Holland 1 in 2018 was a very rare type of dogfish, the Sail Fin Rough Shark, Oxynotus paradoxus. These sharks are named after their long fins which resemble the trailing sails of a boat, and live in the deep sea in waters up to 750m deep. Like all sharks, skates and rays, they have no bones. Their skeleton is composed of cartilage, much like what our noses and ears are made from! This material is much more flexible and lighter than bone which is perfect for these animals living without the weight of gravity.

Throughout history sharks have been portrayed as the monsters of the sea, a concept that science is continuously debunking. Basking sharks were named in 1765 as Cetorhinus maximus, roughly translated to the ‘big-nosed sea monster’. Basking sharks are filter feeders, often swimming with their mouths agape, they filter plankton from the water.

They are very slow moving and like to bask in the sun in shallow water and are often seen in Irish waters around Spring and early Summer. To help understand the migration of these animals to be better able to understand and conserve these species, the Irish Basking Shark Group have tagged and mapped their travels.

Remarkably, many sharks like the Angel Shark, Squatina squatina have the ability to sense electricity. They do this via small pores in their skin called the ‘Ampullae of Lorenzini’ which are able to detect the tiny electrical impulses of a fish breathing, moving or even its heartbeat from distances of over a kilometre! Angel sharks, often referred to as Monkfish have a distinctively angelic shape, with flattened, large fins appearing like the wings of an angel. They live on the seafloor in the coastal waters of Ireland and much like a cat are nocturnal, primarily active at night.

The intricate complexity of shark adaptations is particularly noticeable in the texture of their skin. Composed of miniscule, perfectly shaped overlapping scales, the skin of shark provides them with protection. Often shark scales have been compared to teeth due to their hard enamel structure. They are strong, but also due to their intricate shape, these scales reduce drag and allow water to glide past them so that the shark can swim more effortlessly and silently. This natural flawless design has been used as inspiration for new neoprene fabric designs to help swimmers glide through the water. Although all sharks have this feature, the Leafscale Gulper Shark, Centrophorus squamosus, found in Ireland are specifically named due to the ornate leaf-shape of their scales.