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Gloomy Ireland

[ May 25, 2012   //   ]

Shipping and port traffic volumes through the Republic of Ireland declined in the first quarter of 2012, according to the latest figures released by the Irish Maritime Development Office (IMDO) at the  being held at the Mansion House in Dublin on 24 May.

Only the tanker and liquid bulk segment showed any growth (up 30%) while lo-lo trades were down 1% and ro ro was 3% down

Lo lo xports did grow by 1% in the first quarter abut imports fell by 2% in the first quarter, the 17th consecutive quarter of declining import volumes. Companies have been importing empty containers to deal with the imbalance

With most ro ro freight from Ireland destined for the UK, the decline in traffic is clearly reflected in the continued uncertainly there as the economy shrank in the first quarter.

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