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Displaying items by tag: BREXIT George Osborne

#BREXITport? - The UK's Chancellor of the Exchequer George Osborne reports MultiModal, met senior executives from Warrenpoint Harbour Authority (WHA) and local MP's during a visit to the Co Down port yesterday.

The Chancellor met MP Margaret Ritchie, along with Nicola Walker and managing director of Cronus Logistics, as previously reported on Afloat.ie, new operator of Irish Sea container feeder services. This includes the only Ireland-Wales service connecting Dublin and Cardiff along with Belfast and Bristol. 

The Chancellor was shown round the docks and observed ro/ro and containerised operations along with the discharge of bulk grain ships. He was also shown timber that is imported through Warrenpoint but ultimately is transported across the land frontiers into the south of Ireland.

“We are pleased that the Chancellor recognises the importance of Warrenpoint as a strategic port for imports and exports in Ireland,” says Nicola.

Speaking to the media during his tour he said, “I’m here at Warrenpoint and it’s a very practical demonstration of the fact that Northern Ireland has the only land border with an EU country… If we quit the EU, this is going to be the border with the EU.”

He later crossed the border on a lorry delivering timber into Dublin.

Published in Warrenpoint Port

About Foyle Port

Foyle Port, located in the North West region of Northern Ireland, is estimated to handle around 2 million tonnes of cargo per year, with a trade value of approximately £1 billion. The port plays a crucial role in facilitating the import of essential agri-products, supporting around 20,000 farms in the region, as well as various local business sectors such as fuel/oil and construction industries. The organisation supports an estimated 1000 direct and indirect jobs.

Originally located in the bustling heart of Derry City, the Commissioners relocated the port to its current deep-water location at Lisahally in 1993. The terminal boasts an impressive 440 metres of quay and can accommodate large vessels of up to 62,000 DWT. Foyle Port is primarily a bulk port and a significant importer of essential commodities such as oil, coal, animal feed, fertiliser, and plywood, all of which are vital for the North West rural region.

Since 2003, the organisation has experienced significant growth, doubling both turnover and profit and attracting approximately £100 million of inward investment to the region. This investment has supported projects, including a fertiliser plant, an oil tank farm, and a biomass power station.

Established by Act of Parliament in 1854, the Londonderry Port & Harbour Commissioners is an independent statutory authority with a duty to develop, maintain and operate to the highest standards of efficiency, financial prudence, environmental awareness, safety, and security. The Port is independent of the Government and is self-financing. All financial surpluses are reinvested in the business for the benefit of future generations of stakeholders.