Business Irish

Friday 9 December 2016

Record year for Dublin Port as trade increases 6.4pc

Published 12/01/2016 | 08:13

Dublin Port chief executive Eamonn O’Reilly, Dublin Port Company chairperson Lucy McCaffrey, Transport Minister Paschal Donohoe and EIB vice-president Jonathan Taylor yesterday
Dublin Port chief executive Eamonn O’Reilly, Dublin Port Company chairperson Lucy McCaffrey, Transport Minister Paschal Donohoe and EIB vice-president Jonathan Taylor yesterday

Dublin Port Company experienced a record year for trade in 2015 as trade grew by 6.4pc, according to new figures published by the firm.

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Nearly 33 million tonnes went through the port last year while there were some 7,166 ship arrivals, which brought it ahead of a previous high set in 2007.

Imports at the port were up 6.5pc at 19.5 million gross tonnes, while exports were ahead by 6.4pc at 13.3 million gross tonnes. 

According to the figures released today, the strengthening of domestic demand saw imports rise slightly faster than exports.  Volumes in 2015 were 1.9 million gross tonnes or 6.1pc higher than in 2007.

There was particularly strong growth in imported trade vehicles with 102,149 vehicles imported, an increase of 25.8pc in the year.

Cheif executive of Dublin Port Company, Eamonn O'Reilly, said: “2015 was an exceptional year for Dublin Port with a 6.4pc increase in cargo volumes.  We have seen growth over the past three years of 17.3pc and are now well ahead of where we were at the height of the boom in 2007.

“It is timely that we received planning permission for the Alexandra Basin Redevelopment Project during 2015.  This is the single largest port development project ever in the country and will help us to continue to cater for the expected high levels of growth in future years.”

“We also finalised debt facilities of €100m with the EIB during 2015 and succeeded in securing €23m in grant funding from the EU for our investment plans.," Mr O'Reilly said.

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