|
Thursday, 10 July 2014
Enterprise Ireland sees record export and job creation levels
Thursday 10 July 2014 11.44
Enterprise Ireland client companies saw the best export growth and net job creation last year in over a decade, its annual report shows today.
EI companies exported a record €17.1 billion worth of goods and services in 2013, up 8% on the previous year.
They also created a net increase of 5,442 new jobs - the largest net increase in ten years. Enterprise Ireland said this highlights the clear link between strong export growth in new and existing worldwide markets, and job creation here.
Total direct employment in Enterprise Ireland companies stood at 175,750 last year - 149,718 of these were in full time jobs while 26,032 were part time.
Research has shown that for every ten jobs created in an Irish exporting company, 13 additional jobs are created elsewhere in the economy in supply and service companies.
Today's report also shows that over 1,000 client Enterprise Ireland companies took part in 18 Minister-led trade missions and 67 international events during the year.
These targeted the key markets of North America, Europe, Asia, the Middle East and Latin America.
Enterprise Ireland also brought over 1,100 international buyers to Ireland to meet client companies here. The state agency opened new offices in Istanbul in Turkey and Austin in Texas, which brings its overseas network to 30 international offices.
139 EI client companies were engaged in what the state agency called "substantial" research and development projects of over €1m spend a year, while 858 were engaged in R&D projects worth over €100,000 spend a year.
Julie Sinnamon, CEO Enterprise Ireland said: ‘The strong performance of our client companies and their capacity to continuously innovate, develop new products and services and win new export business against the toughest of international competition, represent a tremendous achievement," commented Julie Sinnamon, Enterprise Ireland's chief executive.
Ms Sinnamon said that EI companies are contributing hugely to the performance of the Irish economy.
Ms Sinnamon said that EI companies are contributing hugely to the performance of the Irish economy.
"Driving continuous innovation and export growth leading to job creation right across the country will continue to be the major focus for Enterprise Ireland over the coming years," she added.
Excerpt from Irish Exporters Association weekly ezine 
The Container shipping industry’s largest ever planned alliance stopped in its tracks.
China’s competition regulators have blocked the P3 Mega-Alliance planned between European owned container lines, Maersk, MSC, and CMA-CGM on the grounds that it infringes the country’s competition laws between Asia and Europe, particularly as the three lines have a combined market share of 46.7%. The unexpected decision, the alliance had already received approval from European and US Regulators, effectively inhibits the carriers’ ability to reduce costs by pooling assets and controlling over-capacity. It is, however, good news for their competitors and ports, despite not stopping the three companies from working together in other areas.
While the planned alliance cannot now operate out of Asia, because the US Federal Maritime commission and the European Commission have not blocked the alliance, the three carriers could now decide to implement joint services on the transatlantic route, as planned, even without the global P3 set-up. In global terms, though, the transatlantic business is small.
The P3 Network, as planned, would have involved 252 vessels with a total capacity of 2.6 million TEU’s (twenty foot equivalent units) on the Asia-Europe Trades alone. Maersk Line itself has already put into service eight “Triple E” class vessels, each with a capacity of more than 18,000 TEU, due for inclusion in the P3 network and has a further 12 similar newbuilds that will be delivered at a rate of one every six weeks until 2015. A train laden with that number of units would stretch from Dublin to Belfast and, while, even a year ago that size vessel would have appeared to be the largest that could operate the IMDO (Irish Maritime Development Office) is now quoting maritime consultant, “Seatrade Global” reporting that work on building a 24,000 TEU container ship, 5,000 TEU bigger than the current largest vessel, is set to begin construction in just two years time. The larger vessel is expected to have “at sea” costs of 17.4% lower than those for a 16,000 TEU vessel.
The sudden step change in vessel size, first on the Asia-Europe routes, and then cascading down onto all other routes is already beginning to cause Port congestion issues as these vessels are limited in the number of Ports that can accommodate them, and there are inevitable delays in discharging and loading such vast numbers of containers. Lines are reporting significant schedule keeping difficulties. Because there are worthwhile fuel savings in slow-steaming ,which can be passed on to customers in reduced fuel surcharges, lines are reluctant to speed up their vessels. The average vessel speed westbound from Asia is now 18.3 knots and Eastbound is 14 knots. In cheap oil days vessels were averaging 22 to 25 knots, drinking fuel but potentially saving inventory costs for customers.
Thursday, 12 June 2014
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Tuesday, 20 May 2014
|
|||||||||||||
|
Monday, 13 May 2013
SIA Flexitanks - UAN & APP Liquid Bulk Shipments in Flexitanks
|
Subscribe to:
Posts (Atom)