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29th November 2014

Ports & Shipping Review: ISL 30th Year Reunion, Container Rise 9%, Arklow's Newbuild Brave, CMA-GGM’s $201m Profit

#Ports&ShippingReview: Over the last fortnight, Jehan Ashmore has reported on the shipping scene, where former officers, crew and staff attended a reunion to mark the 30th anniversary of Irish Shipping Ltd, the state company which went into liquidation in 1984.

The Irish Maritime Development Office (IMDO) released figures that showed container shipping volumes, Lo/Lo have risen by 9% in the third quarter of 2014.

Arklow Shipping's fifth out of six B class general cargo 'green' newbuilds, Arklow Brave is to be christened and launched next month at a Dutch shipyard.

French global containership giant, CMA CGM in the third quarter, announced net profit of $201m as cargo volumes reached an all-time high and order for six mega 18,000TEU capacity ships due 2015.

Published in Arklow Shipping

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Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.