irish maritime development office, ireland glenn murphy, director
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Irish Maritime Development Office, Ireland Glenn Murphy, Director Irish Maritime Development Office (IMDO). Central Statistics Office Conference 2009 “Shipping, the invisible hand moving the Irish economy around the globe” 11 th November 2009. Overview. Key shipping indicators - PowerPoint PPT PresentationTRANSCRIPT
Irish Maritime Development Office, Ireland
Glenn Murphy, DirectorIrish Maritime Development Office (IMDO)
Central Statistics Office Conference
2009
“Shipping, the invisible hand moving the Irish economy around the globe”
11th November 2009
Overview• Key shipping indicators• IMDO data analysis.• Global shipping markets• Shipping + Port traffic performance
– Lift on/Lift off market (Lo/Lo) – Roll on/Roll off market (ro/ro)– Bulk sector
• Trend data.
Analysis
• Annual Irish Transport Economist (Volume 6 – April 2009)• 12 Shipping Reviews – Ireland to European Markets (2008)• Quarterly publication of traffic data.• Route and Competition Analysis
Container Capacity in Market
Container Operators
Container Capacity in the Irish Market
• 23% reduction in available capacity compared to same period 2008
GLOBAL SHIPPING MARKET
TOP TRADING PARTNERS
Source CSO
1785 depression
1902-10 depression
1930depression
1970 depression
1957-63 depression
1980recession
1999recession
The Supply Cycle
020406080
100120140
ScrappingDeliveries
Deliveries 61 m dwt in 1976
Deliveries 242 m dwt
in 2008
Last phase of 1970s
scrapping!
Million Dwt
Shipyards expand to replace the ships built in the 1970s boom
30Year Cycle
11,770
670
3,757
2,415
Irish Container Market
LOLO volume
MONTHLY LOLO TREND
134,149TEU’s
80,141TEU’s
Container MarketRORO Volume
ROI & NI RORO TRAFFIC
-21%
224,649
217,743
178,875
186,793
RORO TRAFFIC157,941
115,051
BULK MARKETDry/Liquid/Break
Dry Bulk1,649,876
583,667
DRY BULK
Break Bulk204,017
54,133
Source CSO
BREAK BULK
Liquid Bulk1,365,101
708,764
OIL PRICES
$38.60
$131.69
$72.53
Summary• Shipping highly cyclical• Rate of decline easing in all market
segments.• Economy appears to be moving out of
recession• Very large volume correction• Threat of inflation from higher oil prices
over winter months.• Competitive, frequent shipping services
have an important role to play in economic recovery.