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Displaying items by tag: Stockpiling

In the lead up to the end of the Brexit transition period, stockpiling helped Belfast Harbour largely weather the storm of Covid-19, according to the port’s latest annual results.

As The Irish News reports, turnover fell by 4.7 per cent to £62.8 million for the year ending December 31 2020, with the £29.7m operating profit in 2020 just 2.6 per cent down on 2019.

The trust port said the decline in revenue was largely the result of the impact on the tourism and leisure trade, notably from the loss of 128 cruise ships due to dock in the city during 2020 and the restrictions on its AC by Marriott Hotel, which saw a £3.6m fall in turnover last year.

But 23.5 million tonnes of cargo still passed through the harbour in 2020, just three per cent down on 2019.

And despite the introduction of the protocol in January this year, a strategic report produced by the Harbour Commissioners said initial trading in early 2021 has been broadly in line with early year trading patterns for previous years.

But, they said that has largely been the result of grace periods for certain goods.

More here with comments from the port's chief exective

Published in Belfast Lough

THE RORC:

  • Established in 1925, The Royal Ocean Racing Club (RORC) became famous for the biennial Fastnet Race and the international team event, the Admiral's Cup. It organises an annual series of domestic offshore races from its base in Cowes as well as inshore regattas including the RORC Easter Challenge and the IRC European Championship (includes the Commodores' Cup) in the Solent
  • The RORC works with other yacht clubs to promote their offshore races and provides marketing and organisational support. The RORC Caribbean 600, based in Antigua and the first offshore race in the Caribbean, has been an instant success. The 10th edition took place in February 2018. The RORC extended its organisational expertise by creating the RORC Transatlantic Race from Lanzarote to Grenada, the first of which was in November 2014
  • The club is based in St James' Place, London, but after a merger with The Royal Corinthian Yacht Club in Cowes now boasts a superb clubhouse facility at the entrance to Cowes Harbour and a membership of over 4,000