Irish Maritime Development Office News

Post-Brexit trade frictions have "significantly altered" freight traffic between Ireland and Britain and sparked a steep rise in volumes to and from Ireland and other European Union members, an Irish government agency report said on Thursday.The introduction of checks on some goods since neighboring Britain left the EU's trading orbit on Dec. 31 cut imports from Britain by 35% in the first five months of 2021 while the number of shipping routes to mainland Europe more than doubled.So…

From his office overlooking Cherbourg docks, general manager Yannick Millet points to trailers destined for Ireland that belong to Amazon and FedEx, new customers and a signal of a potential big shift in post-Brexit trade.Confronted by red tape and delays after Britain’s messy exit from the European Union, Irish traders are shipping goods directly to and from European ports, shunning the once-speedier route through Britain.“You see the shift in supply chains right here,” he said.All five operators connecting Ireland to mainland Europe have increased ferry services in the past nine months…

Mairéad Ní Cheóinín has been appointed to Seafarers UK as the charity’s new Corporate Fundraising Manager where her focus will be on engaging with the commercial maritime sector. Mairéad brings a wealth of business development, marketing experience and industry knowledge to the position from her previous roles, working with Steamship Mutual P&I, TradeWinds, Informa PLC in London and the Irish Maritime Development Office in Dublin. Mairéad joins the grant-giving, campaigning and fundraising charity at an exciting time, as it celebrates its Centenary and is looking ahead to the next phase of its future. Her role will be to raise awareness of Seafarers UK’s wider impact within the maritime charity sector.

Ireland’s marine economy is outperforming Ireland’s general economy according to the latest Ocean Economy Report by the Socio-Economic Marine Research Unit (SEMRU) of NUI Galway, with shipping and maritime transport playing a key role in driving growth. The report was launched by Michael Creed TD, Minister for Agriculture, Food and the Marine at the Our Ocean Wealth Summit event as part of SeaFest in NUI Galway in recent days. In 2016, Ireland’s marine economy had a turnover of €5.7 billion, 37% of which is attributable to the shipping and maritime transport sector. The direct economic value of Ireland’s marine economy was €1.8 billion in 2016, or approximately 0.9% of gross domestic product (GDP), which represents an increase of 20% on 2014.

Ireland’s maritime industry grew strongly in 2015, says the Irish Maritime Transport Economist (IMTE), an annual publication issued by the Irish Maritime Development Office (IMDO). The iShip Index, which measures the total volume of traffic moving through our national ports, recorded a 7% increase, with all major traffic modes delivering substantial growth. Bulk traffic grew by 7% to reach 29.8 million tonnes, with Cork, Greenore, Shannon Foynes, Waterford and Wicklow recording above average growth rates. LoLo traffic, moving predominantly through Dublin, Cork and Waterford, grew by 8% to 860,277 TEU, with each port recording significant volume gains. RoRo traffic grew by 6% to 1,002,920 units, 88% of which was shipped through Dublin and 12% through Rosslare.

The Irish Minister for Finance, McCreevy T.D announced a tonnage tax for Ireland in this years Budget. act as a catalyst to regenerate the Irish shipping industry. The industry has been stagnant in recent years and this new tax regime will ensure a more attractive and enhanced fiscal environment. competitiveness with those in other member states". Register and changes to Irish Mercantile Marine legislation. enormous degree of success in sectors such as finance, telecommunications and IT. develop our own indigenous industry. A year ago, the IMDO said that radical reform would be needed to halt the rapid decline of the Irish shipping industry. "The industry was on the brink of a complete collapse," Murphy said.