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The iShip Index
The iShip index is a method used to measure the volume of traffic which travels through Irish ports. It has shown a positive increase in all major traffic modes such a Bulk traffic, LoLo traffic and RoRo traffic in recent years.
Traffic Volume
According to “The Irish Maritime Development Offices” latest newsletter the total volume of traffic moving through mostly Dublin, Cork and Waterford ports has reached its highest in 2015 with 997 punts on the iShip index since 2008. Although this is lower than the peak year in 2007 (1,042 points) it represents substantial growth since the economic crisis (2009 which was a low 693 points).
These figures are evidence of the success of 2015 in the maritime industry. Exports in merchandise grew by 20% while imports increased by 20%. This puts an expectation of further growth in 2016 of 6.5% and again in 2017 of a furthur 4.4%.
Tourism
Tourism is vital to Irish ports. Figures from 2015 have shown 4.4 million tourists passed through Irish ports using ferry services which connected them to Britian and France. Cruise liners also brought over 450,00 tourists to Irish ports in the last year, which is an increase of 3% since 2014.
The Future of Irish Poets
Irish ports play a substantial role to forecasting possible growth in the Irish economy in the coming years. Director “Liam Lacey” of the “The Irish Maritime Development Office” has stated that “it is important to address the need for additional capacity. Ambitious development plans, capable of meeting the growing needs of the of the National economy, have been progressed by Dublin, Cork and Shannon Foynes and will be brought to fruition over the next five years.” Such plans are sure to increase international trade and lead to job creation for the Irish Port and Maritime industry.
To Read More about the Growth check out The Irish Maritime Development Offices latest newsletter
Irish Maritime Transport Economist reports strong growth for traffic modes through Irish ports
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