Traffic at Drogheda Port halved

19th August 2009

Drogheda Port Company (DPC) has reported a decrease in the number of containers passing through: from a peak of 1.4 million per year to 660,000 in 2009. DPC's accounts – which have not yet been filed but were accessed by the Sunday Times – show that turnover has fallen by 25% to E2.4m, with DPC making a loss of E190,000 last year compared with a profit of more than E300,000 in 2007.

DPC still has reserves of E15m, and the chief executive Paul Fleming says he expects traffic volume to remain depressed for two years.

A review attached to the accounts suggests DPC intents to go ahead with plans for a new E300m port in Bremore in north county Dublin. Patrick Traynor, the chairman, descibed the local council's application process for a foreshore licence as 'unacceptable', reported Tom Lyons and Mark Paul.

Published in News Update

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