#Ports&Shipping –The latest IMDO Weekly Shipping Market Review includes the following stories as detailed below.
Irish Economy: Trade Figures - The seasonally adjusted trade surplus rose to €1 billion in August as exports increased in the month, new data from the CSO showed last week. The figures indicated that exports rose by €1.26 billion, an increase of 16 per cent compared with July, to €9.1 billion. Imports, meanwhile, were €215 million higher, up 5 per cent on the previous month at almost €4.2 billion. That left the surplus at €4.92 billion for August.
LNG: Port Alliance - The largest Port in Europe, the Port of Rotterdam, and the largest Port in Scandinavia, the Port of Gothenburg, has entered in to a new alliance as noted by World Maritime News. The aim is to speed up the establishment of liquefied natural gas as a maritime fuel. A memorandum of understanding will be signed between the Port of Rotterdam and the Port of Gothenburg.
Dry Bulk Market: Tonnage oversupply - Mark Williams, Research Manager at Braemar Seascope Ltd. , has stated shipping markets are expected to keep facing issues of tonnage oversupply, despite demolition activity reaching record-breaking levels, which will continue to exert pressure on freight rates, over the coming months, as noted by Hellenic Shipping.
For more on each of the above and other stories click the downloadable PDF IMDO Weekly Markets Review (Week 41). In addition to coverage on Afloat.ie's dedicated Ports & Shipping News section.
