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Displaying items by tag: New Safety Code for Ports

#IMDOreview -The Irish Maritime Development Office (IMDO) latest Weekly Market Review has among the following stories as outlined below.

Irish Maritime News: HSA Publish New Code of Practice for Health and Safety in Dock Work. On Monday the 30th of November, the Health and Safety Authority published ‘Code of Practice for Health and Safety in Dock Work’. This new Code of Practice was written by the Health and Safety Authority in consultation with representatives from the Irish ports and docks sector.

The Code applies to commercial ports and dock premises, harbours and canals where goods and passengers are transported, handled or held for the purpose of loading or unloading ships.

Global Maritime News: Shipping Indices Perform Badly in 2015 as World Trade. Growth Underperforms Shipping Indices have performed badly this year as world trade has remained subdued. The Shanghai Containerized Freight Index (SCFI), which reflects spot rates for container transport from Shanghai to the rest of the world, has declined by as much as 47% so far this year.

New Canal Branch of Suez Canal: The new canal branch of the Suez Canal, inaugurated last August, has generated revenue of $1.4 billion during the last three months. During a press conference on Wednesday, Mahmoud Rizq, a member of the board of directors of the Suez Canal, noted that the canal has accomplished revenue of $4.3 billion during the past 10 months, which is equal to 32 billion Egyptian pounds.

For more on the above stories and other news items, click the IMDO Market Review (Week 49) here.

In addition to further dedicated coverage visit Afloat.ie's Ports & Shipping news.

Published in Ports & Shipping

About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.