IMDO Shipping Review: Irish Economy Confidence, Asia-Europe Increase, New Marine Fuel and more

19th November 2013

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

Irish Economy: Businesses confident for year ahead - Findings from three separate business sentiment surveys last week showed an overwhelmingly high confidence rate amongst Irish-based firms. IBEC's quarterly Business Sentiment Survey recorded its first positive reading since the surveys inception in 2009.

Container Market: Increased capacity for Asia-Europe in 2014 - The container trade between Asia and Europe is estimated to increase 6.5% year-on-year in 2014, the equivalent to 2.4 extra services. According to analysts SeaIntel, average weekly capacity is expected to increase by 20,000teu to 370,000teu.

New marine fuel: Research into Glycerol - A new research project is underway by a group of UK businesses (GLEAMS) to investigate the potential use of glycerol as a fuel for marine diesel engines. The group believe there is a global surplus of glycerol, a by-product of the expanding bio fuel industry. Glycerol's characteristics make it attractive for marine usages as it burns with higher efficiency than diesel, has very low Nitrous Oxide and zero Sulphur emissions.

For more on each of the above and other stories click the downloadable PDF IMDO Weekly Markets Review (Week 46). In addition to Afloat.ie dedicated Ports & Shipping News 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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