More than €7.6bn in Trade Handled by Shannon Foynes Port Company

28th August 2016

#TradeReport - More than €7 billion in trade every year was handled by Shannon Foynes Port Company, according to a report commissioned by the State company that runs mid-western harbour, writes The Irish Times.

Research by W2 Consulting, based on 2014 figures from the port itself and 31 companies using it, shows that it is worth €1.9 billion to the wider economy and handles €7.6 billion in trade annually.

It also shows that Shannon Foynes Port Company and its customers plan to spend €277 million between them over the five years to 2019, which will support 3,372 jobs in the region.

The port company intends to spend €130 million on an expansion plan, dubbed Vision 2041 , that will exploit advantages such as its deep water and sheltered harbours to develop an international trade hub there.

For much more including video featuring Chief Executive, Pat Keating, click here.

Published in Shannon Estuary

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Jehan Ashmore

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Jehan Ashmore is a marine correspondent, researcher and photographer, specialising in Irish ports, shipping and the ferry sector serving the UK and directly to mainland Europe. Jehan also occasionally writes a column, 'Maritime' Dalkey for the (Dalkey Community Council Newsletter) in addition to contributing to UK marine periodicals.

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Shannon Foynes Port Information

Shannon Foynes Port (SFPC) are investing in an unprecedented expansion at its general cargo terminal, Foynes, adding over two-thirds the size of its existing area. In the latest phase of a €64 million investment programme, SFPC is investing over €20 million in enabling works alone to convert 83 acres on the east side of the existing port into a landbank for marine-related industry, port-centric logistics and associated infrastructure. The project, which will be developed on a phased basis over the next five years, will require the biggest infrastructure works programme ever undertaken at the port, with the entire 83 acre landbank having to be raised by 4.4 metres. The programme will also require the provision of new internal roads and multiple bridge access as well as roundabout access.