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Displaying items by tag: iShip Index

The iShip Index outlining trends within Ireland’s shipping industry grew by 5% in 2021, the Irish Maritime Development Office says.

The IMDO’s iShip Index is a quarterly weighted indicator that accounts for five separate market segments, representing the main maritime traffic sectors moving through ports in the Republic of Ireland.

These comprise unitised trade which includes lift-on/lift-off (LoLo) and roll-on/roll-of (RoRo), and bulk traffic which includes break bulk, dry bulk and liquid bulk.

The IMDO says 2021’s figure is the fastest rate of growth in the index since 2017, and represents a return to the volumes of freight handled in 2018 and 2019 after the suppressive effect of the COVID-19 on port traffic.

Just over 54 million tonnes of freight were handled at Irish ports in 2021, a 2.8 million-ton increase compared to 2020, the IMDO says.

In the dry bulk market, a 10% annual increase compared to 2020 was almost entirely driven by coal. This trend is reflected in port traffic volumes, as imports of coal through Shannon Foynes Port Company rose by over 1.2m tonnes.

In the liquid bulk market, growth of 7% was driven by oil, Ireland’s largest source of domestic energy. Imports of petroleum rose in all three of Ireland’s Tier 1 ports in 2021 as demand for domestic and aviation fuel rose in line with the lifting of COVID-19 restrictions.

Lastly, break bulk traffic across Irish ports rose significantly in 2021, increasing by 12%. This was driven by a return to construction activity in the domestic and international markets after severe restrictions within the sector throughout 2020.

In the unitised freight market, performance in 2021 was defined by two main characteristics. Firstly, 2021 recorded a surge in demand on direct services between the Republic of Ireland and mainland European ports, driven by the post-Brexit transfer of traffic away from the UK landbridge.

LoLo traffic, measured in Twenty-Foot Equivalent Units (TEUs), rose by 12% to 1.17m TEUs, the highest annual volume on record. RoRo traffic on direct routes grew by 94% to an unprecedented level of 383,000 RoRo units.

The second predominant trend that emerged in 2021 was the increase in RoRo traffic at Northern Ireland’s ports.

Through consultations with stakeholders and through detailed analysis of time series trends of RoRo traffic on the island of Ireland, the IMDO says it is clear that haulage companies based in Northern Ireland have transferred significant volumes of business away from RoRo services in ports in the Republic of Ireland.

The IMD suggests that this, along with the move away from the UK landbridge, explains the decline in RoRo traffic between Irish and UK ports in 2021. These volumes declined by 22% in 2021.

Overall RoRo traffic in the Republic of Ireland declined by 3% this year, offset by the surge in traffic on direct services. RoRo traffic in Northern Ireland grew by 12%.

In all, freight volumes through the Republic of Ireland recorded robust growth in 2021, and have returned to levels consistent with those before the COVID-19 pandemic.

Meanwhile, Brexit has had a significant impact on the composition of the Irish RoRo market and has led to unprecedented volumes in the Irish LoLo market.

Published in Ports & Shipping
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#PortVolumesGrowth – Port volumes increases in 2014 were more than 2% as measured by the iShip Index*, the IMDO's volume index for all freight traffic moved to and from the Republic of Ireland.

Results of the reseach carried out for the Irish Maritime Transport Economist publication indicate that cargo volumes weretracking Ireland's economic recovery last year.

Commenting on the 2014 traffic figures, Liam Lacey, Director of the Irish Maritime Development Office said, "Irish ports coped comfortably with the growth recorded in 2014. Total volumes have not yet reached the levels recorded prior to the economic downturn in 2007 and at 914 points, port traffic remains more than 12% behind the high-water mark of 1,042 points recorded in 2007. As a result of the volume gains recorded in recent years and in anticipation of future growth, some of our major ports are now preparing to add capacity and in some cases, development plans are at an advanced stage".

Unitised trade, which includes RoRo and LoLo traffic grew strongly, reflecting both improved export performance and increased consumption in the domestic economy. LoLo traffic grew by 9% to over 793,000 teu, while RoRo traffic was up by 7%, with total volumes exceeding 943,000 vehicles.

Total bulk traffic, which includes dry bulk, liquid bulk and break bulk cargoes fell by 2%. This volume decline is largely attributable to the reduced demand for imported fuels and animal feed, resulting from unusually mild weather conditions in 2014.

The growth in traffic was not evenly distributed across the port network. Dublin Port's LoLo and RoRo volumes were up by 9% and 8% respectively and Dublin remains the main /dominant port for unitised trade, with 54% of the LoLo market and 49% of the RoRo market. LoLo traffic also grew strongly through the Port of Cork and was up 12% on the previous year, while Rosslare Europort recorded a 1% increase in its RoRo volumes.

Bulk cargoes, which remain concentrated in Shannon Foynes, Cork and Dublin, with 37%, 25% and 20% of the market respectively, increased strongly through Greenore, Drogheda, Galway and Waterford. With the abolition of milk quotas early in 2015, agricultural output is expected to generate spin-off opportunities for regional ports to capitalise on increased agricultural output, as evidenced by the recent decision of Glanbia plc to invest €157mn in a major new dairy facility near Waterford Port.

Ireland's trading performance is affected by international economic influences. Growth in the global economy remained sluggish at 2.6% in 2014 and was lower than initially expected, continuing a pattern of disappointing outturns over the past several years. Within Europe, the competitive realignment brought about by the lower-valued euro, the positive effects of lower oil prices and the strengthening in overall German economic activity have assuaged concerns about recession in Europe.

In the context of these macro-economic factors and buoyed by growth in the United Kingdom and the United States, our two most important trading partners, Ireland's GDP grew by 4.8%, compared to the 0.2% growth in 2013. Exports increased by 2.4% to €89bn, while imports grew strongly by 7.1% to €53.6bn. Although the Irish economy has not yet returned to the levels of output previously recorded, there is evidence of steady progress. Our ports and shipping services are playing their part by facilitating international trade and supporting the export led recovery.

In the passenger traffic sector, Irish shipping contributed to the 9%** growth in annual tourist visitors by adding capacity on established routes and introducing new services in and out of the Republic of Ireland.

Irish Ferries opened a new service between Dublin and Cherbourg and also increased capacity on the Dublin – Holyhead route, with the introduction of the Epsilon. Stena Line introduced a superfast service on the Dublin – Holyhead route and has established a presence on the Rosslare-Cherbourg route through the acquisition of Celtic Link.

Overall, 4.5 million passengers travelled to and from Ireland by ferry in 2014. During 2014, 238 cruise ships made port calls to the island, bringing approximately 396,391 cruise passengers and crew to Ireland. Dublin Port remains the busiest cruise port in the Republic, followed by the Port of Cork.

Volume 12 of the Irish Maritime Transport Economist is available to download from this LINK:

*iShip Index: 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 transhipment activity.
**Fáilte Ireland's annual tourism industry review 2014

Published in Ports & Shipping

#IrishShippingVolumes - Irish shipping and port activity rose by 4% in the first 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 first quarter of 2014.

For more details on the iShip Index click this link.

Published in Ports & Shipping

#shipping – Irish shipping and port activity rose up 11% in the second quarter of 2013 when compared to the corresponding period of 2012, according to the latest quarterly iShip Index and quarterly traffic review published today by the Irish Maritime Development Office (IMDO). The iShip index was at 880 points equalling its highest level since 2008. The latest analysis also indicates that four of the five principal domestic freight segments grew in the second quarter of 2013.

A large share of the growth in the last quarter has been driven by demand in the dry bulk sector which has been the strongest performing freight segment over the last three quarters, growing by 26% to 4.08 million tonnes in Quarter 2. Dry bulk shipments, typically grain, agricultural products and aggregates, make up the largest volume weighting of the iShip Index. Dry bulk commodities, such as coal, animal feed and fertilizers, all showed increased volume imports at Irish ports during the second quarter.

Roll on/roll off trailer volumes increased by 8% to 229,772 units. The majority of roll on/roll off traffic moves between Ireland and Great Britain, our largest trading partner. This trade grew by 6% as demand conditions in the UK improved. The latest economic data for the UK shows signs of a recovery which has translated into improved freight market conditions over the summer months. The rise in this sector was also helped by a stronger performance in direct continental volumes (up 26%) which were also boosted by additional vessel capacity on some of the direct continental routes earlier this year.

Container traffic (lift on/lift off) fell by 1% to 147,203 units. This sector is a key distribution channel for Irish exports and imports to long-haul markets, including Asia and the US, as well as Europe. Exports, as a subset of the total container volume, were flat as global economic conditions continued to impinge on demand. Nevertheless, strong volumes were reported in the export of meat and dairy products.

Elsewhere, imports of petroleum based commodities in tanker vessels for use in the domestic market increased by 4% to 2.58 million tonnes. Break bulk, which is largely weighted towards imports of construction related commodities, increased by 7%.

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Ireland's Offshore Renewable Energy

Because of Ireland's location at the Atlantic edge of the EU, it has more offshore energy potential than most other countries in Europe. The conditions are suitable for the development of the full range of current offshore renewable energy technologies.

Offshore Renewable Energy FAQs

Offshore renewable energy draws on the natural energy provided by wind, wave and tide to convert it into electricity for industry and domestic consumption.

Offshore wind is the most advanced technology, using fixed wind turbines in coastal areas, while floating wind is a developing technology more suited to deeper water. In 2018, offshore wind provided a tiny fraction of global electricity supply, but it is set to expand strongly in the coming decades into a USD 1 trillion business, according to the International Energy Agency (IEA). It says that turbines are growing in size and in power capacity, which in turn is "delivering major performance and cost improvements for offshore wind farms".

The global offshore wind market grew nearly 30% per year between 2010 and 2018, according to the IEA, due to rapid technology improvements, It calculated that about 150 new offshore wind projects are in active development around the world. Europe in particular has fostered the technology's development, led by Britain, Germany and Denmark, but China added more capacity than any other country in 2018.

A report for the Irish Wind Energy Assocation (IWEA) by the Carbon Trust – a British government-backed limited company established to accelerate Britain's move to a low carbon economy - says there are currently 14 fixed-bottom wind energy projects, four floating wind projects and one project that has yet to choose a technology at some stage of development in Irish waters. Some of these projects are aiming to build before 2030 to contribute to the 5GW target set by the Irish government, and others are expected to build after 2030. These projects have to secure planning permission, obtain a grid connection and also be successful in a competitive auction in the Renewable Electricity Support Scheme (RESS).

The electricity generated by each turbine is collected by an offshore electricity substation located within the wind farm. Seabed cables connect the offshore substation to an onshore substation on the coast. These cables transport the electricity to land from where it will be used to power homes, farms and businesses around Ireland. The offshore developer works with EirGrid, which operates the national grid, to identify how best to do this and where exactly on the grid the project should connect.

The new Marine Planning and Development Management Bill will create a new streamlined system for planning permission for activity or infrastructure in Irish waters or on the seabed, including offshore wind farms. It is due to be published before the end of 2020 and enacted in 2021.

There are a number of companies aiming to develop offshore wind energy off the Irish coast and some of the larger ones would be ESB, SSE Renewables, Energia, Statkraft and RWE.

There are a number of companies aiming to develop offshore wind energy off the Irish coast and some of the larger ones would be ESB, SSE Renewables, Energia, Statkraft and RWE. Is there scope for community involvement in offshore wind? The IWEA says that from the early stages of a project, the wind farm developer "should be engaging with the local community to inform them about the project, answer their questions and listen to their concerns". It says this provides the community with "the opportunity to work with the developer to help shape the final layout and design of the project". Listening to fishing industry concerns, and how fishermen may be affected by survey works, construction and eventual operation of a project is "of particular concern to developers", the IWEA says. It says there will also be a community benefit fund put in place for each project. It says the final details of this will be addressed in the design of the RESS (see below) for offshore wind but it has the potential to be "tens of millions of euro over the 15 years of the RESS contract". The Government is also considering the possibility that communities will be enabled to invest in offshore wind farms though there is "no clarity yet on how this would work", the IWEA says.

Based on current plans, it would amount to around 12 GW of offshore wind energy. However, the IWEA points out that is unlikely that all of the projects planned will be completed. The industry says there is even more significant potential for floating offshore wind off Ireland's west coast and the Programme for Government contains a commitment to develop a long-term plan for at least 30 GW of floating offshore wind in our deeper waters.

There are many different models of turbines. The larger a turbine, the more efficient it is in producing electricity at a good price. In choosing a turbine model the developer will be conscious of this ,but also has to be aware the impact of the turbine on the environment, marine life, biodiversity and visual impact. As a broad rule an offshore wind turbine will have a tip-height of between 165m and 215m tall. However, turbine technology is evolving at a rapid rate with larger more efficient turbines anticipated on the market in the coming years.

 

The Renewable Electricity Support Scheme is designed to support the development of renewable energy projects in Ireland. Under the scheme wind farms and solar farms compete against each other in an auction with the projects which offer power at the lowest price awarded contracts. These contracts provide them with a guaranteed price for their power for 15 years. If they obtain a better price for their electricity on the wholesale market they must return the difference to the consumer.

Yes. The first auction for offshore renewable energy projects is expected to take place in late 2021.

Cost is one difference, and technology is another. Floating wind farm technology is relatively new, but allows use of deeper water. Ireland's 50-metre contour line is the limit for traditional bottom-fixed wind farms, and it is also very close to population centres, which makes visibility of large turbines an issue - hence the attraction of floating structures Do offshore wind farms pose a navigational hazard to shipping? Inshore fishermen do have valid concerns. One of the first steps in identifying a site as a potential location for an offshore wind farm is to identify and assess the level of existing marine activity in the area and this particularly includes shipping. The National Marine Planning Framework aims to create, for the first time, a plan to balance the various kinds of offshore activity with the protection of the Irish marine environment. This is expected to be published before the end of 2020, and will set out clearly where is suitable for offshore renewable energy development and where it is not - due, for example, to shipping movements and safe navigation.

YEnvironmental organisations are concerned about the impact of turbines on bird populations, particularly migrating birds. A Danish scientific study published in 2019 found evidence that larger birds were tending to avoid turbine blades, but said it didn't have sufficient evidence for smaller birds – and cautioned that the cumulative effect of farms could still have an impact on bird movements. A full environmental impact assessment has to be carried out before a developer can apply for planning permission to develop an offshore wind farm. This would include desk-based studies as well as extensive surveys of the population and movements of birds and marine mammals, as well as fish and seabed habitats. If a potential environmental impact is identified the developer must, as part of the planning application, show how the project will be designed in such a way as to avoid the impact or to mitigate against it.

A typical 500 MW offshore wind farm would require an operations and maintenance base which would be on the nearby coast. Such a project would generally create between 80-100 fulltime jobs, according to the IWEA. There would also be a substantial increase to in-direct employment and associated socio-economic benefit to the surrounding area where the operation and maintenance hub is located.

The recent Carbon Trust report for the IWEA, entitled Harnessing our potential, identified significant skills shortages for offshore wind in Ireland across the areas of engineering financial services and logistics. The IWEA says that as Ireland is a relatively new entrant to the offshore wind market, there are "opportunities to develop and implement strategies to address the skills shortages for delivering offshore wind and for Ireland to be a net exporter of human capital and skills to the highly competitive global offshore wind supply chain". Offshore wind requires a diverse workforce with jobs in both transferable (for example from the oil and gas sector) and specialist disciplines across apprenticeships and higher education. IWEA have a training network called the Green Tech Skillnet that facilitates training and networking opportunities in the renewable energy sector.

It is expected that developing the 3.5 GW of offshore wind energy identified in the Government's Climate Action Plan would create around 2,500 jobs in construction and development and around 700 permanent operations and maintenance jobs. The Programme for Government published in 2020 has an enhanced target of 5 GW of offshore wind which would create even more employment. The industry says that in the initial stages, the development of offshore wind energy would create employment in conducting environmental surveys, community engagement and development applications for planning. As a site moves to construction, people with backgrounds in various types of engineering, marine construction and marine transport would be recruited. Once the site is up and running , a project requires a team of turbine technicians, engineers and administrators to ensure the wind farm is fully and properly maintained, as well as crew for the crew transfer vessels transporting workers from shore to the turbines.

The IEA says that today's offshore wind market "doesn't even come close to tapping the full potential – with high-quality resources available in most major markets". It estimates that offshore wind has the potential to generate more than 420 000 Terawatt hours per year (TWh/yr) worldwide – as in more than 18 times the current global electricity demand. One Terawatt is 114 megawatts, and to put it in context, Scotland it has a population a little over 5 million and requires 25 TWh/yr of electrical energy.

Not as advanced as wind, with anchoring a big challenge – given that the most effective wave energy has to be in the most energetic locations, such as the Irish west coast. Britain, Ireland and Portugal are regarded as most advanced in developing wave energy technology. The prize is significant, the industry says, as there are forecasts that varying between 4000TWh/yr to 29500TWh/yr. Europe consumes around 3000TWh/year.

The industry has two main umbrella organisations – the Irish Wind Energy Association, which represents both onshore and offshore wind, and the Marine Renewables Industry Association, which focuses on all types of renewable in the marine environment.

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