Displaying items by tag: New Strategic Service Agreement

23rd April 2016

Steam Packet Offer Manx Government New Services Agreement

IOM Steam Packet vessels, fastferry Manannan and ropax Ben-My-Chree docked in Douglas Harbour

#ServiceAgreement - The Isle of Man Steam Packet Company has presented an ‘offer’ to the Manx Government for a new strategic sea services agreement to replace the user agreement.

The IOM Today writes that last summer the government issued an ultimatum to the Steam Packet – make us a ‘significantly enhanced’ offer or ferry services will be put out to competition.

Now the ferry operator’s chief executive, Mark Woodward, has confirmed an offer has been made which he hoped Tynwald will get the chance to support in the next few months.

The company has not yet disclosed details of the ‘offer’ but Mr Woodward told the Courier it will be made public and that it will involve investment in new ships.

Welcoming the appointment of Vision Nine as the new promoter for the TT and Classic TT, Mr Woodward said the offer to government would ‘help address the crucial issue of visitor capacity’.

For more on the story, click here.

Published in Ferry

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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.