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THE VOLUME OF port and shipping traffic through the Republic of Ireland fell in the second quarter of 2012 according to figures released today by the Irish Maritime Development Office (IMDO).
Exports fell by 5 per cent in the second quarter as weaker demand conditions continued in the major global markets. This represents the first quarterly decline in exports since the beginning of 2010.
Figures show only one in five principal freight segments had any growth over the second quarter while all other segments declined compared to the same period last year.
In the first six months of 2012 exports have declined by 2 per cent while imports fell by 4 per cent.
The tanker or liquid bulk market was the only one to increase with a growth of 28 per cent, mainly due to the large volumes of crude oil being shipped at Bantry Harbours oil storage facilities.
Glenn Murphy at the IMDO said the outlook for the remainder of 2012 is flat with no significant uplift in the volume of demand for key trades expected.
“Manufacturing orders across Europe also show little signs of imminent improvement as the euro zone’s debt crisis threatens some of Europe’s major economies,” he said.
He added that any further oil price rises are likely to have a negative impact on both transportation and production costs.
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The only exports that are up are our rights to oil and gas fields. The government are quite successfull on signing away billions. May I add signing away enough to pay off our debt
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As an island nation, it is amazing how blind we are to predicted oil price rises. IMF predicts that in 10 years oil prices will hit over $200 per barrel but yet we just sail on thinking some techno-fix will turn up
zzzzzzzzzz
Oil prices are only up OPEC are lining their fat cat cartel investor pockets
Demand is actually falling due to the economic slowdown
Sign outside Dail reads as Follows, Be back in 3 months, on Holidays!
So petrol prices are going up, people investing in this country are going down and yet ENDA Kenny has the cheek to be rising the price of oil to €2.00 per litre and only a couple of months back there was a major find in oil off the coast of Ireland and your government are all digging holes in the road called fracking which can cause earthquakes
So tell me where is our money going to??
And why are we paying more for something which this country owns and there,s no businesses investing in us??
Exports down as port and shipping volumes fall
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