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.