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Displaying items by tag: Private Sector Operators

Minister for Transport, Tourism and Sport Mr. Leo Varadkar T.D. yesterday announced his intention to amalgamate Dundalk port with the capital port, writes Jehan Ashmore.
Minister Varadkar said: 'It is with great regret that I have come to the conclusion that the financial difficulties faced by Dundalk Port Company mean that it no longer has a future as an independent company'.

"In order to ensure the orderly management of the company's affairs, I have decided that the best course of action is to transfer responsibility for the port to Dublin Port Company. I would be hopeful that port activities will continue at Dundalk following the transfer.

He added, once the current difficulties are overcome, it may be the case that Dundalk Port can return to local control, in cooperation with the local authority and private sector operators.

To amalgamate the two port companies a Transfer Order will be made under the Harbours Act 1996. In addition a draft order has to be approved by both Houses of the Oireachtas before being signed into law which is expected to take place within the coming weeks.

The Co. Louth port which is equidistant between Dublin and Belfast, has shown to have a long history as an independent seaport. However the recession has had a significant impact making trading conditions particularly difficult for the company. At its peak in 2006 there were over 220 vessels calling at the port but dropped to just over 60 vessels last year. Figures for 2011 show no signs of improvement.

Vessels of up to 3,500 dwt and 106m in length can be handled at the port's six berths. Unusally for an Irish port vessels can be seen resting on the mudbank subject to the state of the tide. The port is some 8kms from the open sea and is reached along a narrow channel which requires the compulsory use of a pilot.

Published in Ports & Shipping

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.