#Ports&Shipping –The latest IMDO Weekly Shipping Market Review includes the following stories as detailed below.
Irish Economy: Manufacturing prices rise in July - Irish manufacturing prices rose by 0.7% in July, although they remained 0.2% lower than a year ago. Factory gate prices –which measure the price of goods charged for by manufacturers, excluding transport costs –fell by 0.2% in the 12 months to July. The most significant price rises in July were dairy products (up 2.9%) and computer, electronic and optical products which were up 1.6%.
Container Market: Carriers are becoming 'asset lighter' - Ocean carriers are increasingly resorting to leasing/chartering to acquire vessels and container equipment, indicating the carriers are becoming significantly 'asset lighter', according to data released by Drewy. Focusing on the period from the middle of 2011 until July of this year, over 64% of all vessel capacity ordered has been placed by tramp vessel operators, and the proportion since the middle of 2012 is an even higher 65%.
Bulker Market: Grain uplift may lift Panamaxes - The Panamax segment may be about to experience a turnaround in fortunes as an uplift in exports of Soybeans and other seasonal commodities may support additional demand, according to Tradewinds. Researchers at ICAP Shipping believe there is a chance the tides could turn despite the chronic glut in global fleet capacity. In a briefing, the analysts acknowledged that US grain, soybean and soybean export volumes have hit record lows but said the trend could change this autumn.
For more on each of the above and other stories visit the downloadable PDF IMDO Weekly Markets Review (Week 34). In addition to Afloat.ie's dedicated Ports & Shipping News section.
