Freight News, Sea

Dublin port in decline

[ April 15, 2020   //   ]

Dublin Port Company reported a decline in overall port tonnage of 4.8% compared to the first quarter of 2019 in its first quarter trading figures for 2020. The first three months of 2019 were dominated by the original Brexit departure date of 31 March 2019 and volumes were very high due to stockpiling. Then, in the first quarter of 2020 the coronavirus hit, particularly in March, combined with disruptions due to bad weather in February which caused volumes to decline by 470,000 tonnes in the first quarter of 2020. Unitised trade (trailers and containers) fell by 4.4% to 360,000 units, ro ro by 5.3% to 256,000 units and lo lo by 2.2% to 187,000teu. Imports of new trade vehicles decreased by 10.3% to 30,000 in the first quarter and a significant continuing decline seems inevitable for the rest of the year.