IMDO Weekly Review: Ireland Improves Ranking, Containership Oversupply, Bullish Bulker Outlook by 2015 and much more

5th June 2013

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

Irish Economy: Competitiveness -The latest IMD World Competitiveness Yearbook 2013 saw Ireland rise three places to number 17 in overall competitiveness rankings, with significant improvements government finances, growth and inflation.

Container Market: Scrapping - Although analysts have become more pessimistic about the supply-demand balance in the coming two years, Macquarie Capital is advising investors to take a new look at the container sector, arguing that ship-owners will have an incentive to scrap vessels at a faster rate than anticipated.

Dry Bulk Market: Outlook - Golden Ocean chief executive Herman Billung says that although the dry bulk sector has got through the worst of the downturn, the weak market fundamentals should flush additional volumes of old tonnage out of the fleet and prevent additional newbuilding orders. However beyond 2013, Mr Billung is optimistic about dry bulk seaborne transportation growth and believes the industry could have a bullish outlook by 2015 on the back of reduced fleet growth and a steady increase in cargo demand.

For more of the above visit the IMDO Weekly Markets Review (Week 22) and also on Afloat.ie's dedicated Ports & Shipping section

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About The Author

Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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