independent

Saturday 25 October 2014

Port of Cork turnover increases by over 6%

Published 09/08/2014 | 00:00

2013 proved a good year for the Port of Cork, which has reported an increase in traffic volumes from 9.05 million tonnes in 2012 to 9.12 million tonnes in 2013.

Turnover amounted to €23.3 million in 2013, an increase of 6.59%, and after deducting costs, the profit on ordinary activities before taxation amounted to €1.74 million, an increase of €0.371 million or 27%.

In 2013, the company maintained its commitment to capital investment. The most notable investment in 2013 was the purchase of a new Liebherr LHM 550 crane for Ringaskiddy to support the increased imports of dry bulk cargos - cereals, animal feedstuffs, fertilisers - and to accommodate the Maersk Container transatlantic deep-sea direct service which commenced in January 2012.

Commenting on the 2013 annual results for the Port of Cork, Chief Executive Brendan Keating said: for the last couple of years they have seen steady increases in traffic volumes and annual performance, highlighting the slow but steady improvement in Ireland's economy.

"Being able to offer improved port facilities to our customers, is key in the continued success and competitiveness of the region and our business," said Mr Keating.

As one of the three EU 'Core Network Ports' in the State, Cork was successful in securing EU TEN-T funding in 2013 to assist and support the statutory consent for the infrastructure development proposal planned for Ringaskiddy. Last May a planning application was lodged for new port infrastructure in Ringaskiddy.

A total of 62 cruise ships, carrying in excess of 122,500 passengers and crew to the Port of Cork arrived in 2013, making a very significant contribution to the economy of the region.

Meanwhile, Brittany Ferries continues to operate their weekly service between Cork and Roscoff.

Corkman

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